Cement News tagged under: Lafarge Malayan Cement

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Lafarge Malaysia invests in new baghouse

31 August 2018, Published under Cement News

Lafarge Malaysia Bhd has installed a new MYR20m (US$4.8m) baghouse at its Kanthan cement plant following the installation of a MYR180m vertical roller mill in 2016. The new baghouse replaces the old electrostatic precipitator to reduce dust emissions at the plant. "The bag filter is cleaned at pre-programmed intervals and the dust particles are channeled into hoppers to be recirculated into the kiln process for efficient material utilisation, said Lafarge Malaysia. The upgrade at the Kan...

Are better times ahead for Lafarge Malaysia Cement?

15 December 2017, Published under Cement News

ICR highlighted the plight of Lafarge Malaysia this week as the company reported a 3Q17 loss of US$10.3m with expectations of no return to profit until FY18 . However, the LafargeHolcim-owned subsidiary was not the only producer to face challenging times. Tasek Corp Bhd reported a 75 per cent YoY fall in 3Q net profit to MYR1.89m from MYR7.56m in 3Q16. Quarterly revenues decreased 1.7 per cent YoY to MYR146.55m. Meanwhile, Cahya Mata Sarawak Bhd (CMS) also reported lower 3Q revenues, which ...

Malaysia: cement production down 4.2% in six months to June

01 August 2016, Published under Cement News

Demand for cement in Malaysia looks set to grow but slowly in 2016 as production numbers for the first half of the year indicate. According to reports in the Edge Financial Daily, cement production fell by 4.2 per cent in 1H2016, with demand forecast to grow by just three per cent under the most optimistic projections. In an interview with Edge, Thierry Legrand, CEO of Lafarge Malaysia, said: “[Demand] is likely lower than last year, as whether the expected infrastructure projects can ...

Malaysia: Lafarge's LMCB secures loan agreement

21 August 2013, Published under Cement News

Lafarge Malaysia Cement Bhd (LMCB) has converted the MYR580.69m (USS$225m) fixed rate notes due 2013 into an inter-company term loan with M-Cement Sdn Bhd. The company executed a loan agreement with M-Cement to convert the notes into a five-year inter-company term loan. M-Cement is the sole note holder. The conversion of the notes into an inter-company loan does not have any impact on the consolidated net debt position of the Lafarge Malaysia Group. Following the latest development, Lafarg...

RAM reaffirms Lafarge Malaysia’s debt facility, stable outlook

03 June 2013, Published under Cement News

RAM Ratings has reaffirmed the respective long- and short-term ratings of Lafarge Malaysia Bhd’s MYR350m Islamic Securities Programme (2010-17) at AA2 and P1. The long-term rating has a stable outlook. The reaffirmation of the ratings is based on the cement producer’s strong business profile as the largest integrated cement player in Malaysia. The group owns four cement plants and has the largest installed capacity in the industry. The strategic location of its Langkawi plant coupled with ...

Lafarge Malayan Cement changes name to Lafarge Malaysia Bhd

31 May 2013, Published under Cement News

Lafarge Malayan Cement Bhd has been changed to Lafarge Malaysia Bhd, Bursa Malaysia Bhd announced yesterday. Bursa said the new stock short name for the company is LAFMSIA. The company's shares will be traded and quoted under the new name, with effect from 31 May 2013, it said.

Lafarge Malayan Cement to finalise expansion plans by August

27 May 2013, Published under Cement News

Lafarge Malayan Cement is expected to finalise plans for a new expansion project by the end of August this year, according to the company's chief executive Bradley Mulroney. "We are very close to finalising the option we want to adopt for our next phase in terms of expansion," Mr Mulroney told reporters, adding that a decision is likely to be made at the company's board meeting in August. Mr Mulroney expressed confidence in the growth potential for Malaysia's cement demand which will b...

Lafarge Malayan Cement 1Q13 revenues edge ahead

23 May 2013, Published under Cement News

Lafarge Malayan Cement reported a YoY slight rise in consolidated revenue for the first quarter of 2013 but income from its cement division was impacted by a tough pricing environment. Its 2013 results are expected to be driven by key government infrastructure projects led by the Economic Transformation Programme (ETP) and 10th Malaysia Plan (10MP) and the company is also considering expanding capacity. Consolidated revenues for the first quarter of 2013 were MYR644.9m (US$212m), slightl...

Lafarge Malayan Cement mulls expansion

01 April 2013, Published under Cement News

Lafarge Malayan Cement may expand capacity in a bid to maintain market share as local rivals increase capacity amid rising domestic demand. The company is the country's leading cement producer and currently occupies a 40 per cent share of the market. Its major rivals are YTL Cement and Cement Industries of Malaysia (CIMA) both of which have planned capacity expansions. New entrant Hume Industries, which has constructed a new 1.5Mta plant, has also stepped up competition on the local marke...

Lafarge Malayan Cement warns of weak 4Q

05 December 2012, Published under Cement News

Lafarge Malayan Cement said it expects the fourth quarter to be weak as demand has been impacted by the rainy season. At a briefing last Friday, the company said its recent unilateral price hike in August 2012 will be dampened somewhat by rebates and discounts. Analysts at CIMB Research had earlier expected the hike in prices to be the key driver in the second half of 2012, and underestimated the impact of the weather patterns on cement demand. Operating costs over the next four quarte...