Lafarge Malaysia Bhd considers Sarawak investment

Lafarge Malaysia Bhd considers Sarawak investment
27 October 2015

Lafarge Malaysia Bhd is considering to re-operate in Sabah and Sarawak regions amid the huge potential, its newly-appointed president and chief executive officer, Thierry Legrand, has indicated.

Mega projects in the region include the MYR16.1bm Pan Borneo Sarawak Highway. Mr Legrand told local press that the company would consider proposing the usage of cement and concrete-based material in the construction of the highway.|

Meanwhile, concrete division vice president Rick Pucci said Lafarge Malaysia planned to set up a concrete plant in Sabah/Sarawak if necessary. "The lifespan of concrete is two hours and normally we will set up a plant next to the project area and the decision to build a plant is based on project basis," he added.

Previously, Lafarge Malaysia owned three concrete plants in those states, however, they had divested three years ago.

On the proposed acquisition of Holcim Malaysia Sdn Bhd (HMSB) from PT Holcim Indonesia for MYR330,, Legrand said Lafarge would hold an extraordinary general meeting on 6 November 2015 to seek shareholders' approval.

Holcim Malaysia have one grinding station, a quarry and six ready-mixed concrete plants. "At the moment, we are still competitors but following the merger of these two companies, we expect to optimise the logistics synergies and expansion of production capacity," Legrand added. (Source: Bernama Daily Malaysian News)

Published under Cement News