Cement News tagged under: Malaysia

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Malayan Cement swings into the black in 2QFY21-22

28 February 2022, Published under Cement News

Malaysia-based cement producer Malayan Cement Berhad reported a surge in revenues to MYR821.045m in the 2QFY21-22 (ending 31 December 2021, up from MYR350.47m in the 2QFY20-21. The company also turned a pretax loss of MYR-6.398m in the 2QFY20-21 to a pretax profit of MYR79.344m in the 2QFY21-22. Net profit in the second quarter reached MYR54.918m, a significant improvement when compared with the equivalent period of the previous year, when the company reported a loss of MYR-4.897m. First...

CMS raises cement price due to higher costs

14 February 2022, Published under Cement News

Malaysia-based CMS is introducing a 10 per cent price hike from 17 February, the first one since 2016, according to Market Screener. The company attributes the need to raise prices to significant and sustained increase raw materials, packaging and freight costs. In the last year, cement production costs have increased by nine per cent and show no signs of abating yet. The Baltic Dry Index has shown a rate rise of 64 per cent in 2021 while the sack kraft paper index was up 33 per cent in ...

Sarawak cement shortage due to lack of raw material vessels

16 November 2021, Published under Cement News

Indonesia’s Ministry of Domestic Trade and Consumer Affairs has explained the current shortage of cement in Sarawak, attributing it to the demand generated by various construction projects such as the Pan Borneo Highway and the Baleh dam in the state. State director Datuk Stanley Tan acknowledged the current shortage throughout Sarawak and noted that many major projects that had been disrupted by the nationwide movement control orders (MCO) since the Covid-19 pandemic last year were finall...

Malaysia’s CMS posts 284% rise in 2Q net profit

01 September 2021, Published under Cement News

Malaysia-based Cahya Mata Sarawak Berhad (CMS) reported a 32.3 per cent rise in 2Q revenues from MYR139.878m in the 2Q20 to MYR185.001m in the 2Q21. Profit before tax tripled from MYR18.479m to MYR57.471m over the same period. Profit attributable to equity holders of the parent company was up 283.7 per cent to MYR47.39m from MYR16.707m. In the first half of 2021 the company saw revenue edge up 17.5 per cent from MYR329.322m to MYR387.058m while profit before tax advanced from MYR36.573m to ...

Further price hikes coming for Malaysia's cement industry

03 August 2021, Published under Cement News

Malaysia's cement sector is expected to see further cement price hikes, according to AmBank Research. AmBank Research also projects the average net cement selling price in Peninsular Malaysia to rise marginally by two per cent to MYR240/t (US$56.8/t) in 2021 against an estimated price of MYR235/t in 2020.   The research house believes that the conditions are conducive for further price hikes with the emergence of a price leader in the market (controlling close to 60 per cent of total ...

North Sulawesi exports 63,046t in May

01 June 2021, Published under Cement News

Indonesia’s North Sulawesi province exported 63,046t of cement to Taiwan, the Philippines and Malaysia in May 2021, according to the North Sulawesi Industry and Trade Office. The value of exports totalled US$2.18m, with Malaysian exports representing US$1.1m from 32,496t alongside US$763,750 from 32,496t sent to Taiwan. Cement is a relatively new export from North Sulawesi and the Industry and Trade Office is reportedly on the look for new markets.

YTL Corp net profit rises 9% in 3QFY21

31 May 2021, Published under Cement News

YTL Corp Bhd recorded a nine per cent increase in its net profit to MYR93.5m (US$22.6m) for the third financial quarter ended 31 March 2021 (3QFY21), up from MYR85.4m in the preceding quarter. Revenue fell eight per cent QoQ to MYR4.22bn, from MYR 4.59bn in 2QFY21. "We have continued to see good recovery, particularly in our key utilities division which has registered a marked turnaround in the merchant multi-utilities subsegment in Singapore, as well as our cement and construc...

Cahya Mata Sarawak sees net profits of MYR77.8m in 1QFY21

31 May 2021, Published under Cement News

Cahya Mata Sarawak Bhd (CMS) recorded a 3.5-fold higher net profit of MYR77.8m (US$18.8m) for the first quarter ended 31 March 2021 compared with MYR17.28m in the same period last year. Revenue increased to MYR202.06m from MYR189.44m in 1QFY20.  CMS said the revenue increased seven per cent due to higher contributions from the cement, trading and property development divisions. "The cement division reported a higher revenue of MYR128.17m attributed to lower clinker purchase price, ...

YTL Cement to consolidate Malaysian cement businesses

13 May 2021, Published under Cement News

YTL Cement (YTL Corp) has signed an agreement to sell its entire cement and RMC operations in Malaysia to its 76.98 per cent subsidiary Malayan Cement for a MYR5.16bn (US$1.25bn) cash and stock deal. The deal will see Malayan Cement acquire 12 companies from YTL Cement. YTL Cement’s shareholding in Malayan Cement is expected to increase to approximately 78.58 per cent upon completion of the agreement and the ongoing private placement of up to 85m new Malayan Cement shares. "YTL Cement wil...

Malaysia: budget for the future

20 April 2021, Published under Cement News

Malaysia’s cement market has seen consumption slow in recent years due to political uncertainty and a mature residential market. Although COVID-19 stifled output in the 1H20, a new government and the largest budget in history for 2021 is providing much-needed hope for a rebound in cement demand and production. Malaysia’s construction sector pins its hopes on the 12th Malaysia Plan to revive infrastructure construction post COVID-19 Following growth of 4.8 and 4.3 per cent in ...