Cement News tagged under: Malaysia

RSS feed

Lafarge Malayan Cement mulls expansion

01 April 2013, Published under Cement News

Lafarge Malayan Cement may expand capacity in a bid to maintain market share as local rivals increase capacity amid rising domestic demand. The company is the country's leading cement producer and currently occupies a 40 per cent share of the market. Its major rivals are YTL Cement and Cement Industries of Malaysia (CIMA) both of which have planned capacity expansions. New entrant Hume Industries, which has constructed a new 1.5Mta plant, has also stepped up competition on the local marke...

Tasek 4Q net profit falls 71% on pricing pressure, Malaysia

19 February 2013, Published under Cement News

Tasek Corporation Bhd reported a 71 per cent YoY drop in fourth-quarter 2012 net profit, mainly due to a lower performance of its cement division as a result of pricing pressures and increased competition. Net profit in the three months to 31 December 2012 fell to MYR26.09m from MYR44.60m the year before. Revenue, however, fell marginally by MYR1.6m to MYR564.5m due to lower sales of clinker and ready-mix concrete. Group pretax profit fell by MYR13m to MYR119.3m the year before due to an ...

Lafarge Malayan Cement warns of weak 4Q

05 December 2012, Published under Cement News

Lafarge Malayan Cement said it expects the fourth quarter to be weak as demand has been impacted by the rainy season. At a briefing last Friday, the company said its recent unilateral price hike in August 2012 will be dampened somewhat by rebates and discounts. Analysts at CIMB Research had earlier expected the hike in prices to be the key driver in the second half of 2012, and underestimated the impact of the weather patterns on cement demand. Operating costs over the next four quarte...

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...