Cement News tagged under: Lafarge Malaysia
RAM Ratings reaffirms Lafarge Malaysia rating27 June 2014, Published under Cement NewsRAM Ratings has reaffirmed the AA2/Stable/P1 ratings of Lafarge Malaysia Berhad's MYR350m (US$109m) Islamic Securities Programme (2010/2017). The ratings are premised on Lafarge Malaysia's strong business and financial profiles despite the entry of a new player, rising costs and pricing pressure. "Lafarge Malaysia delivered a positive performance in FY December 2013. Its revenue and pre-tax profit rose by four per cent and 10 per cent YoY respectively. Lafarge Malaysia's financial profile ... |
Lafarge launches its first southeast Asia Construction Development Lab24 June 2014, Published under Cement NewsLafarge Malaysia yesterday launched its Construction Development Laboratory (CDL) – the sixth facility of its type to be opened by the group worldwide and the first in southeast Asia. Bradley Mulroney, president and CEO of Lafarge Malaysia said that the company is committed to contributing towards sustainable construction by providing the construction industry in Malaysia with solutions that can help promote construction efficiency. "The CDL will enable us to test, adapt and tailor innovat... |
Lafarge Malaysia mulls export opportunities26 May 2014, Published under Cement NewsLafarge Malaysia is exploring the possibility of exporting cement to other markets in Southeast Asia and around the Indian Ocean, its chief executive has said. Speaking to local press, Bradley Mulroney said the company is considering exporting to Myanmar, Sri Lanka, Bangladesh, Maldives, Mauritius, among other countries. However, he emphasised the company's commitment to serving Peninsular Malaysia. Last week, the country's leading cement producer reported a rise in revenue and net pro... |
Higher sales boost Lafarge Malaysia 1Q1423 May 2014, Published under Cement NewsLafarge Malaysia’s revenue for the 1Q14 was 4.9 per cent higher YoY to MYR676.6m (210.7m), mainly due to higher cement and aggregate sales volumes. Revenue growth was partially offset by lower sales in the aggregate and concrete division attributed to the completion of the KLIA 2 project, the group said in a statement. The group registered net profit of MYR97.2m for the quarter, a 32.4 per cent YoY increase, mainly as a result of higher revenue from its cement division. Compared to t... |
Lafarge Malaysia holds off on price hike27 February 2014, Published under Cement NewsLafarge Malaysia Cement has no immediate plans to increase cement prices, despite a hike in electricity tariffs this year its president and CEO, Bradley Mulroney, said. The company last increased prices in August 2012 when it implemented a MYR20/t increment. “I wouldn’t say it is an urgent need to increase price. But when the input cost is going up, of course we have to review on a monthly basis,” Mulroney said. “We will work on maintaining energy efficiency in our operation... |
Lafarge to boost construction capabilities28 November 2013, Published under Cement NewsLafarge Cement Sdn Bhd, a wholly-owned subsidiary of Lafarge Malaysia Berhad, has signed a Memorandum of Understanding (MoU) with CIDB Holdings Sdn Bhd, a wholly-owned subsidiary of the Construction Industry Development Board Malaysia, to promote the use of cement and concrete and improve construction standards and sustainable construction practices. Under the MoU, Lafarge and CIDB will collaborate to provide training and certification to construction personnel. This partnership aims to dev... |
Malaysian fuel price hikes to impact production costs05 September 2013, Published under Cement NewsLafarge Malaysia Bhd, the country's leading cement producer, said an increase in fuel prices due to the government's recently-announced cut in subsidies, will have a definite impact on production costs. “The increase would naturally have an impact on businesses in terms of transportation cost for both production and delivery to the market,” a spokesman from the company told The Star newspaper of Malaysia. “We understand the need for this subsidy rationalisation exercise by the Governmen... |
Lafarge Malaysia to open R&D laboratory14 August 2013, Published under Cement NewsLafarge Malaysia Bhd plans to set up a research and development laboratory to provide solutions to Malaysia’s construction industry and anticipated housing requirements. Bradley Mulroney, President and CEO of the company said Malaysia faced its biggest challenge in offering an affordable prices for housing units, especially in the urban areas. "With most population dominating the urban areas and cost of living tremendously high, we do not want the people, especially the younger generation,... |