Demand for cement rising in Malaysia

Demand for cement rising in Malaysia
Published: 24 April 2006

What are Tasek’s prospects over the next five years?  Barring any unforeseen circumstances, we expect demand for cement sales in Peninsular Malaysia over the next five years to improve in line with the boost from the current government master plan. Says the CEO Tasek Corp Bhd. This is based on the RM46.8bn allocation for infrastructure and RM18.4bn for housing development. 

Tasek is the fourth largest among the integrated cement industry players in Peninsular Malaysia in terms of rated capacity. It will always look at ways to venture into activities that are closely related to its core areas of activity. 

Tasek’s CEO thinks the demand for local cement is expected to improve due to the better outlook in the construction sector.  The challenges for the local cement industry will be the rising costs of fuel, electricity and raw materials. 

Tasek posted a pre-tax loss in the last financial year 2005. The CEO expects performance for financial year ending 2006 to be better than in 2005. This is due to the stability in the pricing of cement unlike during the severe price war of 2005.