Cement News tagged under: Malaysia
Malaysia: Narra Industries to buy preference share in Hume Cement18 June 2014, Published under Cement NewsNarra Industries Bhd, which is primarily an investment holding company for furniture and previously fibre cement, has won shareholder approval to diversify its business portfolio with new cement assets. The company will acquire concrete and cement assets from its sister companies under the Hong Leong Group. According to a filing with Bursa Malaysia, the vote was 99.08 per cent in favour for the resolution of acquiring Hume Industries (Malaysia) Sdn Bhd, Hume Cement Sdn Bhd (HCement) and ir... |
Gebr Pfeiffer awarded contracts in Turkey, Iraq and Malaysia12 June 2014, Published under Cement NewsGebr Pfeiffer has been awarded new contracts for its grinding technology in Turkey, Iraq and Malaysia. Four mills for Elazig cement works in Turkey In Turkey, Bilim Makina Insaat Sanayi ve Tic A/S has placed another order for four mills for its cement works in Elazig, situated to the east of Ankara. The order covers an MPS 250 BK roller mill with a drive power of 500kW for coal grinding and two safety shut-off dampers. The mill is designed to yield 35tph of petcoke, with the material bei... |
Lafarge Malaysia mulls export opportunities26 May 2014, Published under Cement NewsLafarge Malaysia is exploring the possibility of exporting cement to other markets in Southeast Asia and around the Indian Ocean, its chief executive has said. Speaking to local press, Bradley Mulroney said the company is considering exporting to Myanmar, Sri Lanka, Bangladesh, Maldives, Mauritius, among other countries. However, he emphasised the company's commitment to serving Peninsular Malaysia. Last week, the country's leading cement producer reported a rise in revenue and net pro... |
Higher sales boost Lafarge Malaysia 1Q1423 May 2014, Published under Cement NewsLafarge Malaysia’s revenue for the 1Q14 was 4.9 per cent higher YoY to MYR676.6m (210.7m), mainly due to higher cement and aggregate sales volumes. Revenue growth was partially offset by lower sales in the aggregate and concrete division attributed to the completion of the KLIA 2 project, the group said in a statement. The group registered net profit of MYR97.2m for the quarter, a 32.4 per cent YoY increase, mainly as a result of higher revenue from its cement division. Compared to t... |
Malaysia: YTL profit increases 40.5% YoY22 May 2014, Published under Cement NewsMalaysian construction conglomerate YTL Corp Bhd saw its profit increased 40.5 per cent to MYR1.93bn (US$601.7m) for the nine months ended 31 March 2014 compared to the same period of the previous year thanks to better performances from its cement, property development and investment and hotel divisions. Despite strong growth in its group profit, YTL’s revenue declined a marginal 1.9 per cent to MYR14.66n during the period under review from MYR14.95bn due to decreases in its construction a... |
Contract for new CMS grinding unit set to be signed16 May 2014, Published under Cement NewsThe contract for CMS Cement’s new MYR190m grinding plant project on Sarawak, Malaysia, is due to be signed early next month, according to group managing director, Richard Curtis. Speaking to The Star (Malaysia), Mr Curtis said the new 1Mta grinding plant is expected to be more efficient in production compared with the two existing plants as it would be equipped with the latest technology. The grinding facility is to be situated adjacent to CMS’ Mambong clinker line which has also recently... |
Malaysia: CMS pretax profit buoyed by cement division04 March 2014, Published under Cement NewsCahya Mata Sarawak Bhd (CMS) registered a 30 per cent YoY rise in pretax profit to MYR295.27m in 2013, driven mainly by higher earnings from its cement division. The cement segment saw a 46 per cent rise in pretax profit to MYR96.66m mainly due to the successful re-commissioning of its upgraded clinker plant. Commenting on the results, CMS group managing director Dato Richard Curtis said, “For this financial year, significant achievements have been recorded amongst all the core divisio... |
Lafarge Malaysia holds off on price hike27 February 2014, Published under Cement NewsLafarge Malaysia Cement has no immediate plans to increase cement prices, despite a hike in electricity tariffs this year its president and CEO, Bradley Mulroney, said. The company last increased prices in August 2012 when it implemented a MYR20/t increment. “I wouldn’t say it is an urgent need to increase price. But when the input cost is going up, of course we have to review on a monthly basis,” Mulroney said. “We will work on maintaining energy efficiency in our operation... |
Malaysia: Lafarge's net profit rises by 24.7%20 November 2013, Published under Cement NewsLafarge Malaysia Bhd's net profit for the third quarter ended 30 Sept 2013 rose 24.7 per cent to MYR120.2m (US$37.7m) from MYR96.4m a year ago. Its revenue climbed 2.7 per cent YoY to MYR728m compared with MYR708.8m earlier. Earnings per share stood at 14.2 sen from 11.3 sen last year. In a filing with Bursa Malaysia, Lafarge said the higher revenue was mainly due to higher sales volume in cement and concrete in line with growth in market demand. For the nine months ended 30 Sep, Laf... |
Malaysia: Merapoh state rejects ideas for cement plant18 November 2013, Published under Cement NewsCement plant plans in Malaysia's Pahang state are to lose out to an ecotourism project. The Pahang state government has promised that there will be no cement production plant at Merapoh, but will ensure a plan to convert the area to an ecotourism destination. Pahang Tourism and Culture Committee chairman Datuk Mohd Sharkar Shamsuddin said they were now surveying the size of the area to be gazetted for ecotourism purposes. The land was held by Bintang Tower, while the cement manufacturing l... |