Cement News tagged under: Malaysia

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CMS Cement opens new terminal, Malaysia

22 March 2012, Published under Cement News

CMS Cement, the sole cement producer in the state of Sarawak, East Malaysia, has opened a new cement terminal in Miri as the company aims to better its supply chain operations. In a statement issued by parent company Cahya Mata Sarawak, the terminal is equipped with 6000t of storage capacity, a sealed pneumatic pipeline and two 150t steel hoppers. The new terminal will make cement distribution in Miri more reliable as bulk cement manufactured at the company’s Kuching plant can be trans...

RHB upgrades Lafarge Malayan Cement

14 March 2012, Published under Cement News

RHB Research has upgraded Lafarge Malayan Cement to ‘Market Perform’ from ‘Underperform’ and raised the target to MYR7.43 from MYR5.94. The research house says the new target is based on 17 x FY12 EPS of MYR0.437 sen in line with its two-year historical average. RHB has also raised its FY12-14 earnings forecast by three per cent to 21 per cent mainly to reflect a higher domestic demand growth of five per cent per annum (from four per cent previously) and a higher selling price of MYR29...

Cement division helps boost YTL net profit, Malaysia

24 February 2012, Published under Cement News

YTL Corp of Malaysia registered a net profit of MYR489.2m in the six months ended 31 December 2011, up 10.4 per cent YoY, boosted by the group’s cement and multi-utility arm. Revenue increased by 10.8 per cent to MYR9.87bn. Commenting on the results, YTL Group Managing Director, Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said: “At the half-way mark of the 2012 financial year, the Group continued to perform well. Revenue topped MYR9.8bn, increasing 11% or MYR964m over the same p...

Lafarge Malayan Cement pretax profit rises

22 February 2012, Published under Cement News

Lafarge Malayan Cement Bhd's pre-tax profit rose 10 per cent to MYR414.65m (US$136.7m) for the financial year ended Dec 31, 2011 from MYR345.397m in 2010, Business Times of Malaysia reports. In filing to Bursa Malaysia, the group said the higher profit was in line with the increase in revenue as well as the better performance of its ready mix businesses.??Revenue for the year amounted to MYR2.552bn, up 10 per cent from MYR2.324bn, mainly due to higher domestic demand, it said. ??The highe...

Lafarge Malayan Cement announces new appointments

25 January 2012, Published under Cement News

Lafarge Malayan Cement Bhd had appointed British national Bradley Peter Mulroney as its president and chief executive officer and Malaysian Chen Theng Aik as  executive director. Bradley Peter, 49, had initially started off his career with Redland Plc, which was acquired by Lafarge in 1996, and then became general manager. Chen, 45, was previously senior vice-president, finance and chief financial officer.