Cement News tagged under: Malaysia

RSS feed

Malayan Cement reports 98% rise in revenue

25 November 2022, Published under Cement News

Malayan Cement Berhad , part of YTL Cement Berhad , has reported revenue of MYR2.71bn (US$605.6m) in FY2022, up 98 per cent on the previous year. Net income has come in at MYR83.5m, compared to MYR76.2m in FY2021. Profit margin over the same period has advanced from 0.5 per cent to 3.1 per cent, driven by the higher revenue. Earnings per share improved from MYR0.009 in FY2021 to MYR0.068 in FY2022.  According to Simply Wall St, while earnings per share exceeded analyst expectations by 3...

Makin Teguh Sdn Bhd launches Lahad Datu cement plant

21 September 2022, Published under Cement News

Makin Teguh Sdn Bhd (MTSB), in which Bornoil holds a 30 per cent stake, has opened a new cement plant, located adjacent to Borneo’s first limestone and marble quarry in Sabah, next to the Segama River. MTSB’s Lahad Datu integrated cement manufacturing plant is designed using the latest Chinese technology with great emphasis towards environmental protection and efficient energy use. It is the first integrated cement plant in Malaysia which uses renewable fuels such as heavy fuel oil deriv...

Cahya Mata Sarawak plans to double its cement capacity

27 July 2022, Published under Cement News

Cahya Mata Sarawak (CMS) is looking at doubling its current cement production at the Bintulu grinding plant as the conglomerate plans to ramp up capacity for construction of Indonesia's new capital Nusantara. The Bintulu grinding plant in Sarawak has a current production capacity of 0.75Mta. Regional demand for cement is expected to increase with the Nusantara   City project set to be inaugurated in 2024. Indonesian President, Joko Widodo, had said early construction of Nusantara is und...

CMS sees 1Q revenues up by 6%

23 May 2022, Published under Cement News

Malaysia-based Cahya Mata Sarawak Berhad (CMS) reported a revenue of MYR214.04m for the first quarter ended 31 March 2022, up six per cent YoY from MYR202.06m. Profit before tax improved to MYR83.86m in the 1Q22 from MYR82.56m in the 1Q21 due to a better performance by the Cement and Road Maintenance businesses and a higher share of results of associates by MYR15.42m. Although higher raw material costs and global supply chain constraints challenged the company’s operations, key initiat...

Borneo Oil increases investment in Sabah cement plant

11 April 2022, Published under Cement News

Borneo Oil Bhd increased its investment to MYR50.7m (US$12m) in Sabah’s first integrated clinker and cement plant, which is expected to be commissioned by the 3Q22. The plant is owned by Makin Teguh Sdn Bhd. Located in Lahad Datu the new plant has a capacity to produce 720tpd of Portland-grade cement. It is the first micro cement plant in Malaysia to use environmentally friendly technologies such as waste heat recovery and a fuel mix consisting of heavy fuel oil and biomass fuels including...

Malaysian raw material costs push up cement prices

23 March 2022, Published under Cement News

The current cement price in Malaysia has been hiked due to increases in the cost of raw materials, especially coal in   the international market, says Sharuddin Omar Hashim, Cement Industries of Malaysia Berhad (CIMA) . Coal prices have escalated by 30-40 per cent of the cost of cement production, which has necessitated the final product price rises. "Coal prices were previously in the range of US$60/t to US$70/t, but have now increased to US$200/t and could possibly reach up to US$400/...

Cementir records strong regional results in 2021

11 March 2022, Published under Cement News

Cementir 's regional markets results for 2021 produced increasing revenues in all markets. The highest revenues outside of Italy were recorded in Belgium and France. Norway and Sweden In 2021 sales revenues in Norway and Sweden amounted to EUR193.6m (EUR176.4m in 2020) while EBITDA recorded 22 per cent growth to EUR 21.2m (EUR 17.4m in 2020).   In Norway ready-mixed concrete sales volumes increased by around four per cent compared to the previous year with a more favourable trend i...

Malayan Cement swings into the black in 2QFY21-22

28 February 2022, Published under Cement News

Malaysia-based cement producer Malayan Cement Berhad reported a surge in revenues to MYR821.045m in the 2QFY21-22 (ending 31 December 2021, up from MYR350.47m in the 2QFY20-21. The company also turned a pretax loss of MYR-6.398m in the 2QFY20-21 to a pretax profit of MYR79.344m in the 2QFY21-22. Net profit in the second quarter reached MYR54.918m, a significant improvement when compared with the equivalent period of the previous year, when the company reported a loss of MYR-4.897m. First...

CMS raises cement price due to higher costs

14 February 2022, Published under Cement News

Malaysia-based CMS is introducing a 10 per cent price hike from 17 February, the first one since 2016, according to Market Screener. The company attributes the need to raise prices to significant and sustained increase raw materials, packaging and freight costs. In the last year, cement production costs have increased by nine per cent and show no signs of abating yet. The Baltic Dry Index has shown a rate rise of 64 per cent in 2021 while the sack kraft paper index was up 33 per cent in ...

Sarawak cement shortage due to lack of raw material vessels

16 November 2021, Published under Cement News

Indonesia’s Ministry of Domestic Trade and Consumer Affairs has explained the current shortage of cement in Sarawak, attributing it to the demand generated by various construction projects such as the Pan Borneo Highway and the Baleh dam in the state. State director Datuk Stanley Tan acknowledged the current shortage throughout Sarawak and noted that many major projects that had been disrupted by the nationwide movement control orders (MCO) since the Covid-19 pandemic last year were finall...