Cement News tagged under: Malaysia
Shortlist of candidates for CIMA sale21 November 2023, Published under Cement NewsSeven companies have been identified as potential purchasers of Cement Industries of Malaysia Bhd (CIMA), part of the UEM Group Bhd. According to The Edge Malaysia, of the seven shortlisted candidates, at least three are believed to be foreign - one from Germany, another from the Philippines and one from China. One source reportedly confirmed that none of the candidates are CIMA competitors, so the transaction should not result in any anti-competition issues. In August 2023, UEM Group ... |
Cement Industries (Sabah) reopens plant20 November 2023, Published under Cement NewsMalaysia-based Cement Industries (Sabah) Sdn Bhd ’s cement plant at Sepanggar is operational again after a machinery breakdown. The facility experienced what the company described as a “major main machinery breakdown” in October this year, resulting in its production capacity declining from 2400tpd to 1400tpd, significantly disrupting supplies. According to the Daily Express, repairs were completed within one month with the plant back up and running in early November. The producer, whi... |
Hume Cement sees return to profit in 1QFY23-2417 November 2023, Published under Cement NewsMalaysia-based Hume Cement reported a MYR48.33m net profit for the 1QFY23-24, ended 30 September 2023 versus a net loss of MYR12.04m in the year-ago period. Revenues advanced to MYR306.66m in the 1QFY23-24 from MYR206.79m in the 1QFY22-23. The increase was attributed to a revision in the selling price of cement to help offset the rise in energy costs and the higher cement sales volume as the construction sector recovered. Looking ahead, the company forecasts the construction sector to co... |
Borneo cement shortage threatens construction projects14 November 2023, Published under Cement NewsA shortage of cement in Sabah, Borneo, is having a significant impact on the state's construction industry, particularly in the towns of Sandakan, Lahad Datu and Tawau in the east coast. According to The Borneo Post, the shortage is in danger of causing all construction activity to grind to a halt. Henry Tsen, president of the Sabah Builders Association (SBA), has expressed concern for the country’s construction companies. “They were badly affected by the COVID-19 pandemic over the pa... |
Malaysian cement demand set to flourish, says report11 October 2023, Published under Cement NewsCement demand in Malaysia will continue to flourish in the medium-to-long term, supported by major infrastructure projects across the country, reports RHB Investment Bank Research (RHB IB). A sector report by RHB IB listed current low inventory levels, the push towards solar panels and electric vehicles, and the recovery in demand on the back of an anticipated upturn in China’s manufacturing and property sectors in the second half of 2024, as the main drivers of its demand growth projections... |
YTL Corp reports 22% revenue rise25 August 2023, Published under Cement NewsYTL Corp Berhad ’s revenue increased by 22 per cent to MYR29,508.2m (US$6,359.5m) for the 12 months ended 30 June 2023, compared to MYR24,241.5m (US$5,224.5m) for the 12 months ended 30 June 2022. Executive Chairman of the Malaysian company, Tan Sri (Sir) Francis Yeoh Sock Ping, PSM, KBE, said, “Our utilities segment accomplished excellent results driven mainly by the power generation division. The cement division also turned in better performance resulting from increased demand an... |
Borneo Cement (Sabah) to complete 1.75Mta capacity project by 3Q2504 August 2023, Published under Cement NewsFollowing a joint venture agreement between Sabah Economic Development Corp (Sedco) and Sri Alam Setia Sdn Bhd that will see the creation of Borneo Cement (Sabah) Sdn Bhd, a new integrated cement plant will be built in Pinangah, Tongod, Malaysia. The new plant will be able to produce 5000tpd of clinker and 1.75Mta of cement. With Sabah’s market demand currently at 1.4Mta it is expected that the plant will also serve other markets. A memorandum of agreement has been signed between the ne... |
Cementir reports 36% rise in 1H net profit28 July 2023, Published under Cement NewsCementir Holding posted broadly stable sales of EUR454.5m in the second quarter of 2023. Growth in Turkey, Asia-Pacific and Egypt was able to partially offset a decrease in revenues in the Nordic and Baltic area, Belgium and the USA. In the 2Q23 cement and clinker volumes sold declined by 6.8 per cent YoY to 2.8Mt due to a slowdown in sales in Denmark, Turkey, Belgium and the USA, despite the increase seen in China, Egypt and Malaysia. In the 2Q23 sales of ready-mixed concrete were down ... |
Sarawak signs MoU with two cement producers17 July 2023, Published under Cement NewsSarawak’s cement industry is set to expand with the arrival of YTL Cement Bhd and SCG International (Thailand). Innocement Sdn Bhd, a joint venture between Sarawak’s Economic Development Corp and Bintulu Development Authority, signed a Memorandum of Understanding (MoU) with the two cement producers on 14 July 2023, reports The Star. Tan Sri Abang Johari Tun Openg, premier of Sarawak, said the MoU is part of plans to strengthen Sarawak’s cement supply chain and ensure supply reliabili... |
Cahya Mata adds new clinker line29 June 2023, Published under Cement NewsMalaysian cement producer Cahya Mata Sarawak Bhd has been given approval to build a 1.9Mta clinker line in Kuching, Sarawak. The MYR750m (US$160.6m) line will have a production capacity of 6000tpd and is expected to take 36 months to complete, reports The Star. The company currently runs 2.75Mta of cement capacity, sufficient to meet Sarawak’s demand of ~1.5Mta. However, the construction of Indonesia’s new capital city Nusantara is expected to see demand in the region reach 21Mta over ... |