Cement News tagged under: YTL Cement
YTL Corp sees cement revenue fall 4% in 9MFY1904 June 2019, Published under Cement NewsYTL Corp Bhd released disappointing results for the 9MFY19 for its cement division. Cement revenue was down by four per cent YoY, but earnings were up 96 per cent YoY. The Malaysian company reported lower a sales volume impacting its top line. YTL Cement's margins improved significantly given the higher selling price and lower operating expenditure. The recent 51 per cent acquisition of Lafarge Malaysia will reflect a small loss in contributions in 4QFY19. The acquisition is expected to im... |
Lafarge Malaysia announces new managing director31 May 2019, Published under Cement NewsLafarge Malaysia has announced the appointment of Michael Yeoh Sock Siong as managing director of the company effective from 31 May. The company stated that he has been repositioned from the previously-announced role of executive director to MD. Members of the Yeoh family, which controls the YTL group, joined the Lafarge Malaysia board two weeks ago after its acquisition by YTL Cement. |
Lafarge Malaysia reduces net loss in 1Q1930 May 2019, Published under Cement NewsLafarge Malaysia successfully reduced its net loss to MYR32.07m (US$7.64m) in the 1Q19, compared with MYR68.73m of the year-ago period. However, revenue saw a minor 1.5 per cent YoY fall to MYR538.7m from MYR546.8m, with the decrease attributed to lower cement sales caused by market conditions. The company noted that key infrastructure projects will help reduce the domestic cement industry’s overcapacity, but market conditions are expected to remain challenging. "There is still healthy ... |
YTL executives appointed to Lafarge Malaysia board while CEO resigns20 May 2019, Published under Cement NewsYeoh Khoon Cheng has resigned as CEO of Lafarge Malaysia although he will stay on as the group’s executive director. In addition, Lafarge Malaysia Vice Chairman, Martin Kriegner, and non-independent and non-executive directors John William Stull and Datuk Tan Pei Ling have also resigned. In a separate move, several YTL Corp Bhd executives have been appointed to the company’s board. YTL Corp Executive Chairman, Tan Sri Dr Francis Yeoh, and Managing Director, Datuk Yeoh Seok Kian, have bee... |
CTP Team wins Malaysian ESP to baghouse conversion project13 December 2018, Published under Cement NewsItaly-based CTP Team has been awarded a turnkey project for air pollution control in Malaysia for the conversion of an existing PL1 raw mill electrostatic precipitator (ESP) into a fabric filter as well as the upgrade of an existing exhaust fan. CTP Team has signed a turnkey contract with YTL Cement, for the conversion to bag filter of an ESP of Perak-Hanjoong Simen's cement plant in Pedang Rengas, Malaysia. The project consists of a full turnkey solution for the conversion into a more effi... |
YTL Corp records 11.3% net profit decline26 November 2018, Published under Cement NewsMalaysia’s YTL Corp saw a 11.3 per cent decrease in net profit for the 1QFY19, falling to MYR125.79m (US$30m) from MYR141.82m in the year-ago period. The decline has been attributed to lower contributions from its cement manufacturing and trading, utilities and property segments. "The outlook for the cement industry remains highly competitive among industry players and the segment is expected to achieve satisfactory performance for FY19," stated the company. Company revenue in the first qu... |
YTL Corp founder dies19 October 2017, Published under Cement NewsYeoh Tiong Lay, the founder of and execuitive chairman of group YTL Corp, passed away on Wednesday, the group said in a news release. He was 88 years old. Mr Yeoh founded what was originally a construction company in 1955 and undertook civil works while the country was under British colonial rule before participating in development projects after independence in 1957. He assumed the role of executive chairman in 1985, allowing Francis and his six other children to run the group's day-... |
Challenging year for YTL's cement division17 August 2017, Published under Cement NewsFY17 is proving to be a challenging year for YTL Corp’s cement business due to overcapacity and weak demand from the property segment, according to a report by Affin Hwang Investment Bank Research published in the The Edge Financial Daily. "Although we are expecting a higher demand from infrastructure and property in FY18, we believe the incremental demand is not sufficient to absorb the overcapacity, limiting the upside of the recovery in earnings," Affin Hwang noted. Apart from the c... |
Malaysia: YTL profit increases 40.5% YoY22 May 2014, Published under Cement NewsMalaysian construction conglomerate YTL Corp Bhd saw its profit increased 40.5 per cent to MYR1.93bn (US$601.7m) for the nine months ended 31 March 2014 compared to the same period of the previous year thanks to better performances from its cement, property development and investment and hotel divisions. Despite strong growth in its group profit, YTL’s revenue declined a marginal 1.9 per cent to MYR14.66n during the period under review from MYR14.95bn due to decreases in its construction a... |
KHD wins new contract in Malaysia02 April 2012, Published under Cement NewsStraits Cement, a 100% subsidiary of the Malaysian YTL Group, has awarded KHD with a EUR100m contract to build a new 5000tpd plant located near Kuantan, Malaysia, The new plant will be built according to the latest environmental standards. KHD's supply will include a five stage preheater with Low-NOx precalciner, PYRORAPID(R) rotary kiln with PYROJET(R) burner, PYROFLOOR(R) grate cooler, and energy-efficient COMFLEX(R) grinding systems for both limestone and clinker. KHD consortial partner... |