Cement News tagged under: Malaysia

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Malaysia: slow cement growth in 2016

03 June 2016, Published under Cement News

Malaysia is proving to be a challenging market for Lafarge where it is reported to have seen profits fall by 72 per cent in 1Q16 to US$5m. While this has resulted partly from production issues, it represents a significant fall in sales from a year earlier when profits were up at US$17.9m for the 1Q15. Indications are that Lafarge is not the only producer finding the Malaysian market somewhat challenging at present. Depreciation of the ringitt also saw Cahya Meta Sarawak Bhd (CMS) raise it...

Malaysia: Lafarge takes 1Q16 hit on net profits

26 May 2016, Published under Cement News

Lafarge Malaysia Bhd is optimistic about its prospects this year despite having had a challenging 1Q16. The company's net profit fell nearly 72 per cent to US$5m in the first quarter of this year from US$17.9m in the same period a year earlier. President and CEO, Thierry Legrand, attributed this to lower contribution from the cement segment, following continued price competition and one-off integration costs following the acquisition of Holcim (Malaysia) Sdn Bhd. "But are we are well-po...

Malaysia: Hume Industries wants more time for land extension

06 May 2016, Published under Cement News

Hume Industries Bhd is seeking a 24-month extension from the Securities Commission (SC) in order to acquire occupation certificate for its Sabah industrial land. The firm had in April 2014 sought SC's approval for the purchase of the full equity interests in Hume Concrete Sdn Bhd (then known as Hume Industries (Malaysia) Sdn Bhd) and Hume Cement Sdn Bhd. Among the requirements set by the SC was for the company to obtain the occupation certificate for the industrial land within 24 months...

Malaysia: Cahya Mata Sarawak to raise MYR1bn for capex

08 April 2016, Published under Cement News

Cahya Mata Sarawak Bhd (CMS) plans to raise MYR1bn (US$255.9m) in syariah-compliant fund for its capital expenditure (capex) requirements and working capital. According to Group Chairman, Tan Sri Syed Anwar Jamalullail, the Sarawak conglomerate expects to undertake a proposed sukuk programme of up to MYR1bn in nominal value for a period of up to 20 years. This proposed sukuk programme will help fund CMS' working capital and capital expenditure requirements as well as offset general corp...

LafargeHolcim

02 March 2016, Published under Cement News

LafargeHolcim has inaugurated 0.1Mta of additional grinding capacity at the Ndola cement works in Zambia, taking the annual capacity there to 0.5Mt. In addition to supplying the domestic market, this works exports to the Congo. In France LafargeHolcim is ceasing clinker production at Le Havre and at La Couronne. There will be a considerable reduction in staffing levels as only 31 will remain at Le Havre and 27 at La Couronne. The US$765m deal to sell one integrated works and one grindi...

CMS cement division sees decline in pretax profit

02 March 2016, Published under Cement News

Cahya Mata Sarawak Bhd (CMS) of Malaysia said group revenue rose seven per cent to MYR1.79bn (US$430m) in 2015 from MYR1.67bn a year earlier, mainly driven by the Construction Materials & Trading Division and Construction & Road Maintenance Division. Group pretax profit increased by 12 per cent to MYR381.65m in 2015 from MYR341.45m in 2014, primarily due to higher revenue recorded by the two previously-mentioned divisions and higher share of results of associates contributed by a newly-ac...

Lafarge Malaysia sees stable 2015 pretax profit

01 March 2016, Published under Cement News

Lafarge Malaysia Bhd reported a pretax profit of MYR345.157m (US$82.86m) for the financial year ended 31 December 2015 versus MYR345.183m a year earlier. Revenue rose to MYR2.75bn, up from MYR2.743bn previously, the company said in a filing to Bursa Malaysia. Meanwhile, 4Q15 pretax profit decreased by 7.8 per cent mainly due to the one-off acquisition expenses incurred as well as higher finance cost arising from the borrowings for the acquisition of subsidiaries, it said. Lafarge Mal...

Malaysia: CMS Cement to raise prices

09 December 2015, Published under Cement News

CMS Cement Sdn Bhd, a subsidiary of Cahya Mata Sarawak Bhd, announced that it will raise its cement  price by an average of 4.6 per cent, effective 1 January 2016, due to the depreciation of the ringgit. In a statement issued on Tuesday, CMS said it will increase the prices to maintain the quality of its cement manufacturing and supply businesses, among others. It added that the sustained depreciation of the ringgit since January 2015 had created an unprecedented increase in the cost ...

Lafarge Malaysia net profit boosted by cement revenue

19 November 2015, Published under Cement News

Lafarge Malaysia Bhd, the country's largest cement manufacturer, recorded a 28.9 per cent increase in net profit to MYR70.65m (US$16.30m) for the third quarter ended 30 September 2015 from MYR54.81m, mainly due to higher sales from the cement segment, improved plant performance, and higher foreign exchange (forex) gains. Revenue for 3QFY15 rose slightly to MYR670.88m from MYR664.63m in 3QFY14, thanks to higher revenue from its cement segment which offset the lower revenue from its concrete ...

Aalborg Portland Malaysia selects Veeam Availability Suite v8

25 September 2015, Published under Cement News

Veeam® Software, provider of solutions that deliver Availability for the Modern Data Center™ announced that Aalborg Portland Malaysia Sdn Bhd has deployed Veeam Availability Suite v8 TM to deliver the Always-On Business TM . “In order for our company to maintain operations, our users need access to data all day, every day,” explained Raymond Lok, Senior IT Executive for Aalborg Portland Malaysia. “As such, Aalborg Portland cannot afford downtime as the impact of even a day’s delay could co...