Cement News tagged under: Malaysia

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Lafarge Malaysia's 3Q14 pretax down 54.2%

19 November 2014, Published under Cement News

Lafarge Malaysia reported a 54.2 per cent drop in third-quarter pretax profit on lower revenue and higher operating cost arising from the increase in electricity and fuel prices. Pretax profit for the three months to the end of September 2014 plunged to MYR73.9m (US$21.98m) from MYR161.41m a year earlier, the country's largest producer said in a statement released yesterday. Revenues over the three month period fell to MYR664.63m from MYR728.01m in 3Q13. The decline in sales mainly att...

Indonesia, Malaysia and Taiwan top Vietnam export table

12 November 2014, Published under Cement News

Indonesia, Malaysia and Taiwan were the largest importers of Vietnamese clinker and cement in the first nine months of this year, according to data released by the Vietnamese Ministry of Industry and Trade. During the period, Indonesia imported 1.76Mt of clinker and cement worth US$83m from Vietnam, while Malaysia acquired 1.05Mt worth US$52m and Taiwan purchased 969,678t worth US$41.7m. Following on were the Philippines with 816,060t worth US$31.2m and Cambodia with 389,373t worth US$2...

Tasek Corp suffers 3Q decline

05 November 2014, Published under Cement News

Malaysian cement producer Tasek Corp reported a 7.1 per cent drop in earnings to MYR21.5m (US$6.4m) in the third quarter of 2014 amid stiff competition, according to the company. Earnings declined despite a 3.3 per cent rise in revenue to MYR148.7m during the three month period. Tasek said it suffered lower margins from the cement segment due to intense price competition on the market. Lower sales were also reported in the concrete segment. For the nine months to the end of September 2014...

Indonesia, Taiwan and Malaysia top Vietnam's eight month export table

26 September 2014, Published under Cement News

Indonesia, Taiwan and Malaysia were the largest importers of Vietnamese clinker and cement in the first eight months of this year, latest data from Vietnam’s Ministry of Industry and Trade shows. During the period, Indonesia imported 1.56Mt of clinker and cement worth US$73m from Vietnam, while Taiwan acquired 933,128t worth US$40m and Malaysia purchased 904,117t worth US$44m. Next in line were the Philippines (721,060t worth US$27m) and Cambodia (348,139t worth US$19m), the ministry ad...

Siemens to supply CMS plant with drive and automation technology

15 September 2014, Published under Cement News

Christian Pfeiffer has contracted Siemens to supply an integrated drive system and automation technology for the new CMS Cement plant in Kuching in the state of Sarawak, Malaysia . CMS Cement is adding a new mill to its existing clinker production plant to turn the facility into an integrated cement plant, thus increasing its capacity to 2.75Mta. Christian Pfeiffer is acting as the general contractor and will supply the new mill, and contracts have already been announced for the new silo a...

Vietnam’s export volumes up 20% YoY

04 September 2014, Published under Cement News

In the first seven months of this year, Vietnam earned US$563.15 from exporting 13.1Mt of clinker and cement, up 24 and 20.4 per cent in value and volume terms, respectively.  Indonesia, Taiwan and Malaysia were the top importers of Vietnamese exports during the period, according to figures from the Vietnamese Ministry of Industry and Trade. Indonesia imported 1.42Mt of clinker and cement worth US$69m, Taiwan acquired 863,270t worth US$37.6m and Malaysia purchased 700,880t worth US$34.7m. ...

Malaysia: cement division boosts YTL full-year profit

04 September 2014, Published under Cement News

Malaysia-based YTL Corp posted a 20.8 per cent rise in full-year attributable profit to MYR1.539bn (US$485.7m) to the end of June 2014,  largely driven by a good performance by its cement division. "The jump in net profit was contributed mainly by our cement business, which saw better performance in the concrete and quarry segments, as well as the net fair value gain on investment properties recorded by our real estate investment trusts (REITs), YTL Hospitality REIT in Malaysia and Sta...

Dynamis completes pryroprocessing orders

14 August 2014, Published under Cement News

Brazil-based Dynamis has carried out a number of key pyroprocessing projects for the global cement industry over the past year. Below is an update of the company's recent cement industry references including a number of projects in its domestic market as well as orders in USA, Europe and Southeast Asia. USA • Buzzi Unicem, Chatanooga plant: CFD study of injection point and secondary fuels increase. Sweden • HeidelbergCement, Degeham plant: existing main burner adaption with new b...

Tasek 2Q revenue lifted by domestic cement sales

07 August 2014, Published under Cement News

Tasek Corp Bhd reported a 20.78 per cent rise in revenue for the second quarter, driven by higher demand for cement in its domestic market of Malaysia. Revenue for the three months to the end of June 2014 reached MYR171.5m, compared with MYR142m a year earlier. The company said that the higher revenue was mainly due to higher domestic demand, while its concrete unit recorded an operating loss due to lower sales volumes which were partly offset by higher average selling prices. "Sales v...

RAM Ratings reaffirms Lafarge Malaysia rating

27 June 2014, Published under Cement News

RAM Ratings has reaffirmed the AA2/Stable/P1 ratings of Lafarge Malaysia Berhad's MYR350m (US$109m) Islamic Securities Programme (2010/2017). The ratings are premised on Lafarge Malaysia's strong business and financial profiles despite the entry of a new player, rising costs and pricing pressure. "Lafarge Malaysia delivered a positive performance in FY December 2013. Its revenue and pre-tax profit rose by four per cent and 10 per cent YoY respectively. Lafarge Malaysia's financial profile ...