Cement News tagged under: Malaysia

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Cementir's ready-mixed concrete volumes weaken

08 November 2012, Published under Cement News

Cementir's turnover for the first nine months of the year was up by 4.9 per cent to €730.9m. EBITDA, which weakened by 11.9 per cent in the third quarter, was ahead by a modest 3.5 per cent to €94.9m. This reflected higher energy costs, particularly in the case of electricity, and increased staffing levels was a result of the expansion into waste management. The trading profit advanced by 4.7 per cent to €30.6m.  The net financial charge declined by 37.4 per cent to €13.9m to give a more ...

Lafarge Malayan Cement leads on analyst revisions

10 October 2012, Published under Cement News

Lafarge Malayan Cement leads on analyst revisions among 12 companies in the Malaysian materials sector tracked by at least three analysts, data from Thomson Reuters StarMine shows. The company has an Analyst Revision Model (ARM) score of 94, the highest in the sector. It also has above-average Value Momentum (Val-Mo) and Earnings Quality (EQ) scores of 75 and 81 respectively. A high Smartholdings (SH) score of 80 suggests a potential increase in institutional ownership. The company's f...

Cemex sees Malaysian market growth ahead

30 September 2012, Published under Cement News

Cemex Concrete (M) Sdn Bhd (Cemex Malaysia) is doubling its capital expenditure this year as the continuation of infrastructure building activities would be sufficient to sustain the demand for building materials, according to country director Fikry El-Kaissouni. "There has been steady growth in the Malaysian construction market. This is something that gives comfort to large companies like Cemex [Malaysia] to enter the market," El-Kaissouni told The Edge Financial Daily. "Malaysia is a ...

New order for Gebr Pfeiffer in Malaysia

07 September 2012, Published under Cement News

Gebr Pfeiffer SE has been awarded the contract by KHD to supply the vertical roller mills for grinding cement raw material and coal for Straits Cement new 5000tpd plant in Malaysia. The Gebr Pfeiffer MPS 4750 B raw mill is to have a design capacity of 300tph of cement raw material ground to a product fineness of 12 % R90µm. The coal mill of the type MPS 2800 BK will be capable of grinding 35tph of coal. Straits Cement is a subsidiary of Malaysian YTL Group.

Gresik sets aside US$300m for regional expansion

31 August 2012, Published under Cement News

Indonesia’s largest cement maker, PT Semen Gresik, has US$300m to expand its business to the regional markets of Myanmar, Cambodia and Vietnam, the company’s chief executive Dwi Soetjipto has said. Speaking to the Jakarta Globe, he said: “Expansion overseas is still in the process.” Previously, Dwi indicated that the company was looking at acquiring stakes in cement producers in Malaysia, Myanmar, Vietnam and Thailand as it seeks to extend its regional reach. He also told the Investor ...

CMS plans to invest in third Sarawak cement plant, Malaysia

06 August 2012, Published under Cement News

CMS Bhd (CMSB) plans to invest in a third cement plant to meet the growing demand in Sarawak. Group managing director Datuk Richard Curtis said the new facility, which would have a production capacity of 600,000 to 700,000tpa, would be built in Mambong near here where the group's clinker plant is located. “The proposed third plant will cost about MYR150m. We (CMSB) will make a decision (on the proposed project) in the next three months,” he told StarBizWeek after a briefing yesterday. The...

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....