Cement News tagged under: Malaysia

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CMSB 3Q profit drops 7%

27 November 2019, Published under Cement News

Cahya Mata Sarawak Bhd (CMSB)’s net profit declined seven per cent to MYR72.83m (US$17.451m) in the 3Q19, ended 30 September 2019 from MYR78.02m in the 3Q18. The company’s revenue remained stable at MYR467.18m (3Q18: MYR465.17m). The fall was attributed to rising sales costs and a decrease in other income. Cost of sales advanced three per cent to MYR371.29m in the 3Q19 from MYR362.13m in the year-ago period. Other income decreased 63 per cent to MYR3.67m from MYR10.02m over the same period...

Malayan Cement Bhd on course for profits in 2020

07 November 2019, Published under Cement News

Malayan Cement Bhd is likely to turn a profit from 2020 onwards by reducing operating costs and implementing a cost rationalisation  initiative which began in 1H19, according to a research house. In the 1H19 Malayan Cement's net loss fell by 45 per cent YoY to MYR80.5m (US$19.4m) and while revenue was  down six per cent, operating costs declined by 12 per cent. The company has since benefitted from improved cement prices, up from MYR210 to MYR230/t in October. Analyst Affin Hwang Capit...

Lafarge Malaysia shareholders vote down RPTs with YTL Cement

24 September 2019, Published under Cement News

Minority shareholders of Lafarge Malaysia have voted down a plan to enter into recurrent related party transactions (RPTs) with YTL Cement, estimated to be worth about MYR3.5bn (US$837.92m). The proposal was rejected by 76 per cent of the shareholders, according to a bourse filing. The RPTs would have allowed Lafarge to deal with YTL on the sale and purchase of clinker, cement and pulverised ash, and also fees for services and rental of properties in Johor and Singapore.

Cimprogetti supervises RCI Lime Sdn Bhd's kilns remotely

13 September 2019, Published under Cement News

Cimprogetti's Diagnostic Centre in Italy as been able to remotely connect to RCI Lime Sdn Bhd (Ipoh, Malaysia) and evaluate the supervision system status for kilns K4 and K5 before restoring the process parameters. Cimprogetti explained that this is a safe and positive experience on how to manage today a complex lime production site. The 'physical' processes of the kiln are monitored and implemented by the automation, supervision and control platform, the BOT Platform™, purposely developed ...

Malaysian infrastructure demand to escalate cement price rises

11 September 2019, Published under Cement News

Malaysia's building materials are expected to se a price rise in the 3Q19 as large construction projects hike up demand for products such as cement. The construction industry is expected to pick up this quarter on infrastructure projects, including the East Coast Rail Link, brokerage analyst Abdul Hadi Manaf noted. "As such, we believe that demand for cement and steel should also recover at a gradual pace," he said. Cement costs could go up by 10 per cent to MYR220/t (US$52/t) in the four...

YTL Corp returns to profit in the 4QFY19

30 August 2019, Published under Cement News

Malaysia’s YTL Corp Bhd posted a net profit of MYR2.44m (US$578,705) for the 4QFY19, against a net loss of MYR63.54m in the year-ago period. Revenue increased 20 per cent to MYR5.04bn from MYR4.2bn in the 4QFY18. Except for its property and utilities business segments, the company recorded positive growth in profit before tax (PBT) in all its business divisions during the quarter. The construction division's PBT rose 63 per cent YoY to MYR44.7m, while cement manufacturing and trading's PB...

Cahya Mata Sarawak sees decline in 1H19 net profit

29 August 2019, Published under Cement News

Malaysia's Cahya Mata Sarawak Bhd (CMS) recorded a 54.9 per cent decline in net profit to MYR41.33m (US$9.79m) for the 2Q19, compared with MYR91.63m in the year-ago period. However, revenue showed a modest increase to MYR399.17m from MYR395.28m. In the 1H19, net profit decreased 37 per cent to MYR82.1m, while revenue rose 8.9 per cent to MYR817.35m. The company has attributed the lower earnings to the higher cost of imported clinker and coal for its cement division, which is expected to ne...

Malaysian consumption to remain subdued in 2H19

15 August 2019, Published under Cement News

Malaysian cement consumption is expected to remain subdued in the second half of 2019, as the construction and property development markets remain weak, according to Khairul Azizi Kairudin, an analyst for Hong Leong Investment Bank Research (HLIB Research). "Beyond 2019, we expect cement prices to recover gradually, as construction activities pick up (expected by 1H20). However, […] the expected pick-up next year will happen on a gradual basis as work contribution from mega project revival...

Sabah considers new plant to ensure clinker supply

06 August 2019, Published under Cement News

Sabah Economic Development Corp (SEDCO) and Cement Industries (Sabah) Sdn Bhd (CIS) are reportedly considering plans to build a clinker plant to ensure supply into the Malaysian state, according to Bernama. Sabah Trade and Industries Minister, Datuk Wilfred Madius Tangau, confirmed that clinker is currently being imported from Peninsular Malaysia and abroad. "The cost structure for CIS is different from that of cement manufacturers in Peninsular Malaysia due to factors such as raw mate...

HL Cement (Malaysia) extends closing date for takeover

09 July 2019, Published under Cement News

HL Cement (Malaysia) Sdn Bhd (Hong Leong Group) has extended its takeover offer for the remaining shares in Tasek Corp Bhd to 22 July 2019. HL Cement (Malaysia) said the conditions of the takeover remained the same at MYR5.50/share and MYR5.50 per preference share. HL Cement owned 97.887m shares or 80.8 per cent in Tasek Corp Bhd on 18 June when the takeover offer was made, and on 5 July it owned 103.02m shares or 85.04 per cent.