Cement News tagged under: Malaysia

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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...

Lafarge Malaysia Bhd to acquire Holcim Malaysia

21 September 2015, Published under Cement News

Lafarge Malaysia Bhd plans to acquire Holcim (Malaysia) Sdn Bhd, for MYR330m (US$77.4m) cash, as part of parent company LafargeHolcim Ltd’s plans to consolidate operations in the southeast Asian country. In a filing with Bursa Malaysia today, Lafarge Malaysia said it has entered into a conditional share purchase agreement with Holcim Indonesia for the proposed acquisition. Lafarge Malaysia said it plans to finance the purchase consideration via a combination of internal funds and/or bank b...

CMS Bhd reports stable earnings, Malaysia

27 August 2015, Published under Cement News

CMS Bhd (CMSB) reported a total revenue of MYR867.84m (US$206m) for the first half of 2015, a rise of 14.7 per cent on the MYR756.6m recorded a year earlier. Pretax profit in the first half of 2015 remained stable at MYR161.72m (versus MYR164.84m in 1H14). The group’s profit after tax and non-controlling interests was MYR98.08m, down 6.7 per cent from the MYR105.11m posted a year earlier which had benefitted from the impact of land sales. The company said the main contributors towards p...

Malaysia: YTL Corporation Bhd full-year pretax profit down 15.7% YoY

24 August 2015, Published under Cement News

YTL Corporation Bhd's pre-tax profit for the financial year ended 30 June 2015 fell to MYR2.37bn (US$562m) from MYR2.81bn a year earlier. Revenue decreased to MYR16.8bn from MYR19.3bn previously, the company said in a filing to Bursa Malaysia On its outlook, YTL Corp expects to achieve overall satisfactory performance for the financial year ending 30 June 2016 in construction, information technology and e-commerce businesses, cement manufacturing and trading, property investment and develo...

CMS sees strong start to the year, Malaysia

18 June 2015, Published under Cement News

Caha Mata Sarawak Bhd (CMS) reported a total revenue of MYR491m (US$132.3m) for the first quarter of 2015, an increase of 32 per cent from MYR373.24m a year earlier. Pretax profit of MYR95.01m in 1Q15 was 44 per cent up on the MYR66.19m in 1Q14. Profit after tax and non-controlling interests increased by 48 per cent to MYR57.42m from MYR38.9m in 1Q14. Earnings per share stood at 5.52 sen versus 3.81 sen (adjusted for share split and a bonus issue in June 2014) from the corresponding perio...

Bangladesh, Indonesia, Philippines top Vietnamese importers in first four months

26 May 2015, Published under Cement News

Bangladesh, Indonesia, the Philippines and Taiwan remained among major importers of Vietnamese clinker and cement in the first four months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 2.62Mt of cement worth US$100.24m from Vietnam in the period, while Indonesia came second with 937,982t worth US$42.39m and the Philippines ranked third with 468,419t worth US$18.43m. Following on, Taiwan consumed 346,396t worth US$14.81m and Ma...

Lafarge Malaysia first-quarter pretax profit rises, construction outlook 'positive'

21 May 2015, Published under Cement News

Lafarge Malaysia Bhd's pretax profit for the first quarter to the end of March 2015 rose to MYR99.36m (US$27.6m) from MYR97.19m in the same quarter of last year. Revenue advanced by three per cent to MYR696.09m versus RM676.63m in the same period of last year due to higher cement and concrete sales in the domestic market on the back of market growth, it said in a filing to Bursa Malaysia today. "The outlook of the construction sector is expected to remain positive this year driven mainl...

CMS Bhd 1Q pretax profit up 44%, Malaysia

21 May 2015, Published under Cement News

Sarawak-based Cahya Mata Sarawak Bhd (CMSB) reported a 44 per cent rise in pretax profit for the first quarter of 2015 to MYR95.01m, driven by its Construction & Materials Trading, Cement and Construction & Road Maintenance divisions. The Cement division reported a pretax profit of MYR29.37m for 1Q15, exceeding the previous year (MYR20.44m) by 44 per cent. The Construction Materials & Trading Division recorded a pretax profit of MYR30.32m in 1Q15, a 145 per cent increase versus MYR12.38m ...

CMS grinding unit on track for 2016 commissioning

06 May 2015, Published under Cement News

A new grinding plant by the CMS Group is progressing well with trial production scheduled for the end of 2015, according to the group's managing director. Richard Curtis told the Star Online that the 1Mta new facility, situated adjacent to the group’s clinker plant in Mambong, Sarawak, is due for commissioning in the first quarter of 2016. Upon completion, this third grinding plant for the group will raise cement capacity for the group by almost 60 per cent. CMS, Sarawak’s sole cemen...

CMS earnings boosted by cement division, Malaysia

02 March 2015, Published under Cement News

CMS Bhd earnings rose by 26 per cent to MYR221.34m (US$61m) in the year ending 31 December 2014, from MYR175.07m from a year earlier, boosted by its cement division. Revenue increased by 18 per cent to MYR1.67bn from MYR1.42bn m a year earlier.  Pretax profit increased by 16 per cent to MYR341.45m from MYR294.89m. The cement division recorded a pretax profit of MYR120.48m, up 25 per cent  compared to MYR966.7m. Fourth quarter earnings slipped 32.7 per cent to MYR43.94m from mYR65.34 . P...