Cement News tagged under: Malayan Cement

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YTL Corp records 11% revenue increase

17 June 2020, Published under Cement News

Malaysia’s YTL Corp has reported a 65.6 per cent decline in net profit to MYR29.52m (US$6.9m) in the third quarter ending 31 March, compared to MYR85.79m in the year-ago period. However, the group’s revenue advanced 11.6 per cent YoY to MYR4.81bn from MYR4.31bn. For the nine-month period until March 2020, YTL Corp saw a 75.7 per cent YoY fall in net profit to MYR62.37m from MYR256.40m in the previous fiscal, while revenue increased 20.8 per cent YoY to MYR15.64bn from MYR12.95bn. The hi...

APMC's Rawang plant to close for upgrade programme

27 May 2020, Published under Cement News

Associated Pan Malaysia Cement (APMC), a wholly-owned subsidiary of Malayan Cement, reportedly released the majority of its employees a few weeks ago, according to The Edge. Furthermore, company operations reportedly stopped last year, after YTL Cement acquired 51 per cent of Malayan Cement. In a response to a request for clarification from The Edge Malaysia, YTL Cement stated: "APMC’s Rawang plant, the nation’s first and oldest cement plant, will be undergoing a MYR200m (US$45.89m) rejuv...