Cement News tagged under: Lafarge Malaysia Bhd
Lafarge Malaysia to benefit if East Coast Rail Link is revived08 March 2019, Published under Cement NewsLafarge Malaysia Bhd is in a great position to benefit from a resumption of the East Coast Rail Link's (ECRL), because the cement manufacturer has won contracts under the project, says Affin Hwang Investment Bank Bhd. Lafarge Malaysia's shares rose 30 per cent yesterday on the news that the rail project might be revived, having been suspended in July 2018. "We understand that the government will likely decide after Prime Minister Tun Dr Mahathir Mohamad's visit to China in April. If the p... |
Lafarge Malaysia invests MYR80m to boost efficiency29 August 2018, Published under Cement NewsLafarge Malaysia Bhd has allocated MYR80m (US$19.48m) to optimise its operational efficiency, which includes the installation of bag filters at all three of its integrated plants in the country. At the installation of the filter at the company’s Kanthan facility, Mario Gross, CEO, noted that it is replacing the current ESP system as a more efficient alternative. "It also captures dust particles, releasing only filtered air into the environment. The bag filter is cleaned at pre-programmed... |
Lafarge Malaysia MYR270m ECRL contract suspended13 July 2018, Published under Cement NewsLafarge Malaysia Bhd MYR270m (US$66.7m) contract to supply cement to the East Coast Rail Link (ECRL) project has been suspended. The cement producer said that China Communications Constructions (ECRL) Sdn Bhd (CCC), the main contractor to the project, has suspended the contract as the government is currently reviewing the project. LafargeHolcim’s wholly-owned subsidiary had signed an agreement with CCC to supply cement to all eight work packages for the rail link. The contract was due... |
Lafarge Malaysia expect to 'break even' despite poor 1Q18 results29 May 2018, Published under Cement NewsLafarge Malaysia recorded its fifth consecutive quarter of net losses for the period ended 31 March this year, on weaker demand and higher competition, coupled with the increase in coal and petcoke prices. The fall in revenue was attributable to the lower sales recorded in the cement business – the biggest revenue contributor for the group at 85 per cent – due to soft market demand, increased industry capacity and pricing pressures. Lafarge Malaysia's CFO, Michael Lim Yoke Tuan, said, th... |
Lafarge Malaysia reports 3% fall in revenue for 1Q1824 May 2018, Published under Cement NewsLafarge Malaysia Bhd has announced that its net loss widened in the 1Q18 period, increasing to MYR68.73m (US$17.27m) from MYR48.93m of the previous year. Furthermore, revenue fell 2.7 per cent to MYR546.83m (1Q17: MYR561.85m). The results have been attributed to weak demand and a competitive market, according to a statement by the company. "Lower operating profit from the cement segment is due to weak demand, coupled with a more competitive environment. The situation was further exacerbat... |
Lafarge Malaysia Bhd expected to return to profitability in FY1811 December 2017, Published under Cement NewsExcess supply and price pressure due to escalating competition have negatively impacted Lafarge Malaysia Bhd’s earnings in the current financial year. The company has posted three consecutive quarterly losses, with the 3Q17 resulting in a loss of MYR42m (US$10.3m) according to The Star. In the first nine months of 2017 ended 30 September, Lafarge Malaysia reported a net loss of MYR135m, a decline from the MYR42.7m net profit of the year-ago period. Revenue also dropped 13 per cent YoY to ... |
CIMB Equities Research encouraged by Lafarge Malaysia's 2Q17 performance11 September 2017, Published under Cement NewsCIMB Equities Research is maintaining a 'Hold' verdict on Lafarge Malaysia. The research entity said on Monday it had raised its target price to MYR6.34 (US$1.50) from MYR5.50 (US$1.30). CIMB Research said it came away from Lafarge’s post-2Q17 results briefing last week with positive expectations of a gradual recovery in domestic cement demand, but it remains cautious on the earnings outlook for 2H17. Higher operating cost, sustained competitive pressure and restructuring costs could im... |
Lafarge Malaysia Bhd reports 2Q loss30 August 2017, Published under Cement NewsLafarge Malaysia Bhd posted a net loss of MYR44.09m (US$10.3m) in its second quarter of 2017, compared to a net profit of MYR18.36m in the corresponding period amid weaker domestic demand in its cement segment higher competition. Revenue dropped 19 per cent YoY to MYR531.77m from MYR658.8m, according to its Bursa Malaysia filing. “The situation was further exacerbated by the greater operating costs from higher fuel and electricity cost. This quarter’s loss was partially mitigated by a ... |
Malaysia: Lafarge to pay for dust cleaning16 September 2016, Published under Cement NewsLafarge Cement Sdn Bhd has agreed to bear the cost of cleaning up the homes of residents in three villages affected by dust accidentally released from one of its plants last Monday as a result of repair works on a blocked processing unit. Factory Manager, Sekar Kaliannan, said Lafarge would follow up by to implement a group insurance coverage for residents in surrounding villages. State Health Committee Chairman Dr Leong Yong Kong noted that the absence of a sufficient buffer zone betw... |
Tough operating climate for Lafarge Malaysia Bhd09 September 2016, Published under Cement NewsKenanga Research, the research arm of Kenanga Investment Bank, has rated the outlook for Lafarge Malaysia Bhd as neutral, because of the country's weak property market coupled with the current oversupply situation. While Lafarge Malaysia has two cement plants in Rewang, Selangor, and Kanthan, Perak, are undergoing capacity expansion projects, there is intense competition, putting pressure on domestic cement prices. Moreover, coal prices have also been rising. The company is also ... |