Cement News tagged under: Malaysia

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Semen Gresik plans name change to raise its profile, Indonesia

03 August 2012, Published under Cement News

State Enterprises Minister Dahlan Iskan said Indonesian state-owned Semen Gresik is set to change its name to Semen Indonesia in a bid to raise the company’s international profile. The change is subject to approval by shareholders expected October or November this year, the minister said on Tuesday. Once the change becomes official, Dwi Doetjipto, president director of Semen Gresik, will become chief executive of Semen Indonesia. Dahlan said President Susilo Bambang Yudhoyono of Indone...

Lafarge Malayan Cement confirms price hike

01 August 2012, Published under Cement News

Lafarge Malayan Cement (LMC) has confirmed it will raise the price of cement effective today, 1 August, due to rising manufacturing and delivery costs, which is expected to bode well for the company’s margins from next year, according to analysts. "The decision was made unilaterally and taking into consideration our increasing costs associated with manufacture and delivery of cement, which we have endeavoured to absorb over the years," its executive director Chen Theng Aik has told SunBiz...

Builders Association urges government to look into price hikes, Malaysia

30 July 2012, Published under Cement News

The Masters Builders Association of Malaysia (MBAM) has urged the government to look at a possible rise in cement prices which is expected to impact the local construction sectors. The MBAM said in as statement that it had been notified by a major cement producer that the price of a bag of cement would increase to MYR17.75/bag from MYR16.75 as of 1 August 2012, while the price of bulk cement would be hiked from MY$320/t to MYR340/t. “MBAM appeals to the Government, in particular the Domes...

Tasek second quarter earnings fall, Malaysia

27 July 2012, Published under Cement News

Tasek Corp Bhd of Malaysia reported a 4.4 per cent fall in second quarter earnings to MYR23.13m (US$7.3m) from MYR24.21m a year ago. Revenues were flat at MYR139.73m compared with MYR138.57m.The slightly higher group revenue was attributed to the cement segment but was offset by the weak performance of the concrete division. "The cement segment registered a higher operating profit of MYR23.4m in the current quarter as compared with MYR21.8m in the previous year's corresponding quarter....

Malaysian price hike on the cards

24 July 2012, Published under Cement News

Speculation is rising that cement prices in Malaysia will rise, however, industry sources are unsure whether will actually transpire. Ching Liong Building Materials Distributors Association of Malaysia president New said, to date, there are no indications to signal a rise in cement prices compared to a few weeks ago when one factory raised its prices. "The situation has, however, stabilised with a lot of the mills running at full capacity, of which demand is there and the market environm...

CMS addresses cement Sarawak shortage, Malaysia

19 July 2012, Published under Cement News

CMS Cement, Sarawak’s sole cement producer, has assured that the current shortages being experienced by the construction industry in Miri will be resolved by next week. Sarawak is situated on the island of Borneo and is one of two states, with Sabah, comprising what is referred to as East Malaysia. Sarawak is Malaysia’s largest state with around 37 per cent of the total land mass and has a population of 2.4m. Othman Abdul Rani, head of CMS’s cement division, said the shortage was large...

Holcim Malaysia calls for green building certification to be mandatory

16 July 2012, Published under Cement News

Holcim Malaysia has called for green building certification to be made mandatory as it would create sustainable development in all sectors and ensure more responsible construction materials and practices by the industry. CEO of Holcim Malaysia, Mahanama Ralapanawa, said recent announcements by the Johor Waterfront City and Mersing Laguna developments, as well as the further expansion of Iskandar Malaysia, called for an urgent need for the government to migrate its develop strategy to inst...

RAM Ratings reaffirms ratings of Lafarge Malayan’s Islamic debt facility

01 June 2012, Published under Cement News

RAM Ratings has reaffirmed the respective long- and short-term ratings of Lafarge Malayan Cement Berhad's MYR350m Islamic Securities Programme (2010/2017), at AA2 and P1; the long-term rating has a stable outlook. The reaffirmation of the ratings is premised on LMCB's strong business profile as the largest integrated cement player in Malaysia. The group owns four cement plants and has almost half of the industry's installed capacity. The availability of physical infrastructure as well as a...

Lafarge Malayan revenue rises 7%, Malaysia

31 May 2012, Published under Cement News

Lafarge Malayan’s revenue for 1QFY12 rose by 7% YoY to MYR644m due to higher output during the quarter (+1% nationwide in January and February 2012) and selling prices (+4% YoY nationwide to CNY331/t in 1Q). Though the 7% electricity tariff hike in May 2011 pushed energy costs higher, total costs increased by 5%, slower than top line growth due to efficiency gains. As a result, EBITDA rose by 16% to MYR127m. Net profit contribution from associates surged by 86% due to a better performance ...

CMS embarks on expansion, Malaysia

23 May 2012, Published under Cement News

CMS Cement, the sole cement manufacturer on the Malaysian state of Sarawak, is to invest MYR150m on an expansion programme, Malaysia’s National News Agency, Bernama, reported. "The state's annual need is 1.66Mt and in the last five years, it has registered increases of 10 to 15 per cent," CMS Group Managing Director Datuk Richard Curtis told reporters after officially opening the company's MYR22m Sibu Bulk Cement Terminal. "We will expand our Kuching and Bintulu plants to be able to pr...