Cement News tagged under: Malaysia
Malaysia's cement association praises decision to reopen plants27 April 2020, Published under Cement NewsMalaysia's Cement and Concrete Association (C&CA) has stated that opening cement factories under Phase 3 of the country’s Movement Control Order (MCO) will have a positive effect on the economy and save jobs. C&CA Chairman, Datuk Yeoh Soo Keng, said the cement industry provided over 100,000 jobs, both directly and indirectly. "C&CA lauds the government and the International Trade and Industry Ministry for their prompt action in allowing cement plants to resume operations to serve the l... |
Cahya Mata Sarawak 4Q net profit down 90%28 February 2020, Published under Cement NewsMalaysia’s Cahya Mata Sarawak Bhd’s (CMS) net profit declined 90 per cent to MYR5.4m (US$1.28m) in the fourth quarter ended 31 December 2019, compared to MYR53.5m in the 4Q18. Profit before tax decreased 76 per cent YoY to MYR20.2m in the 4Q19 from MYR83.1m in the 4Q18. CMS revenue in the 4Q19 also fell eight per cent YoY to MYR456.5m from MYR496.8m reported in the 4Q18. The reduced performance was attributed to its cement, construction, road maintenance and property development business.... |
Malayan Cement announces 4Q19 net loss of US$9.1m21 February 2020, Published under Cement NewsMalayan Cement Bhd remained in the red in 4Q19, making a net loss of MYR38.55m (US$9.1m). The group has changed its financial year end to 30 June 2020 from 31 December 2019 after the emergence of YTL Cement Bhd as its largest shareholder. The better performance came despite revenue declining to CMY446.87m from CNY548.16m previously, no thanks to lower domestic sales that were partially offset by higher export sales. For the 12-month period ended 31 December 2019, Malayan Cement's net loss ... |
Malaysia's construction sector to grow by 4% in 202020 February 2020, Published under Cement NewsMalaysia's construction sector will expand by 3.5 per cent, in real terms, in 2020, according to a report by Fitch Solutions. Nominal growth of the country’s construction sector hit 1.1 per cent in 2019, but in real terms, a flatline growth rate of 0.04 per cent YoY was reported. Fitch expects the sector’s growth to expand, as construction activity across both the infrastructure and buildings sector in 2020 is sighted to pick up. The pipeline of Malaysia's major rail and road sector is val... |
Cement price hike claims investigated in Malaysia14 February 2020, Published under Cement NewsFollowing claims of price hikes, Malaysia’s Domestic Trade and Consumer Affairs Ministry has investigated cement prices and found no price hikes at the manufacturing level. Its minister, Datuk Seri Saifuddin Nasution Ismail, has said the inspections were made after the Johor Master Builders Association (JMBA) alleged a cement price hike of around 20-50 per cent. Mr Saifuddin added that following a YoY price comparison of the four main cement manufacturers from 2017 until now, there has ac... |
Malayan Cement shareholders approve RPTs with YTL Cement24 January 2020, Published under Cement NewsMalayan Cement, formerly Lafarge Malaysia, has obtained minority shareholder approval for MYR1.87bn (US$460m) worth of related-party transactions (RPTs) with its new controlling shareholder, YTL Cement, according to The Edge. The shareholders had previously voted down plans for MYR3.51bn worth of RPTs with YTL Cement last September. The new mandate will reportedly allow Malayan Cement to deal with YTL Cement on the sale and purchase of materials such as clinker, cement, aggregates, san... |
CMSB 3Q profit drops 7%27 November 2019, Published under Cement NewsCahya Mata Sarawak Bhd (CMSB)’s net profit declined seven per cent to MYR72.83m (US$17.451m) in the 3Q19, ended 30 September 2019 from MYR78.02m in the 3Q18. The company’s revenue remained stable at MYR467.18m (3Q18: MYR465.17m). The fall was attributed to rising sales costs and a decrease in other income. Cost of sales advanced three per cent to MYR371.29m in the 3Q19 from MYR362.13m in the year-ago period. Other income decreased 63 per cent to MYR3.67m from MYR10.02m over the same period... |
Malayan Cement Bhd on course for profits in 202007 November 2019, Published under Cement NewsMalayan Cement Bhd is likely to turn a profit from 2020 onwards by reducing operating costs and implementing a cost rationalisation initiative which began in 1H19, according to a research house. In the 1H19 Malayan Cement's net loss fell by 45 per cent YoY to MYR80.5m (US$19.4m) and while revenue was down six per cent, operating costs declined by 12 per cent. The company has since benefitted from improved cement prices, up from MYR210 to MYR230/t in October. Analyst Affin Hwang Capit... |
Lafarge Malaysia shareholders vote down RPTs with YTL Cement24 September 2019, Published under Cement NewsMinority shareholders of Lafarge Malaysia have voted down a plan to enter into recurrent related party transactions (RPTs) with YTL Cement, estimated to be worth about MYR3.5bn (US$837.92m). The proposal was rejected by 76 per cent of the shareholders, according to a bourse filing. The RPTs would have allowed Lafarge to deal with YTL on the sale and purchase of clinker, cement and pulverised ash, and also fees for services and rental of properties in Johor and Singapore. |
Cimprogetti supervises RCI Lime Sdn Bhd's kilns remotely13 September 2019, Published under Cement NewsCimprogetti's Diagnostic Centre in Italy as been able to remotely connect to RCI Lime Sdn Bhd (Ipoh, Malaysia) and evaluate the supervision system status for kilns K4 and K5 before restoring the process parameters. Cimprogetti explained that this is a safe and positive experience on how to manage today a complex lime production site. The 'physical' processes of the kiln are monitored and implemented by the automation, supervision and control platform, the BOT Platform™, purposely developed ... |