Cement News tagged under: Malaysia

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Malayan Cement announces 4Q19 net loss of US$9.1m

21 February 2020, Published under Cement News

Malayan Cement Bhd remained in the red in 4Q19, making a net loss of MYR38.55m (US$9.1m). The group has changed its financial year end to 30 June 2020 from 31 December 2019 after the emergence of YTL Cement Bhd as its largest shareholder. The better performance came despite revenue declining to CMY446.87m from CNY548.16m previously, no thanks to lower domestic sales that were partially offset by higher export sales. For the 12-month period ended 31 December 2019, Malayan Cement's net loss ...

Malaysia's construction sector to grow by 4% in 2020

20 February 2020, Published under Cement News

Malaysia's construction sector will expand by 3.5 per cent, in real terms, in 2020, according to a report by Fitch Solutions. Nominal growth of the country’s construction sector hit 1.1 per cent in 2019, but in real terms, a flatline growth rate of 0.04 per cent YoY was reported. Fitch expects the sector’s growth to expand, as construction activity across both the infrastructure and buildings sector in 2020 is sighted to pick up. The pipeline of Malaysia's major rail and road sector is val...

Cement price hike claims investigated in Malaysia

14 February 2020, Published under Cement News

Following claims of price hikes, Malaysia’s Domestic Trade and Consumer Affairs Ministry has investigated cement prices and found no price hikes at the manufacturing level. Its minister, Datuk Seri Saifuddin Nasution Ismail, has said the inspections were made after the Johor Master Builders Association (JMBA) alleged a cement price hike of around 20-50 per cent. Mr Saifuddin added that following a YoY price comparison of the four main cement manufacturers from 2017 until now, there has ac...

Malayan Cement shareholders approve RPTs with YTL Cement

24 January 2020, Published under Cement News

Malayan Cement, formerly Lafarge Malaysia, has obtained minority shareholder approval for MYR1.87bn (US$460m) worth of related-party transactions (RPTs) with its new controlling shareholder, YTL Cement, according to The Edge. The shareholders had previously voted down plans for MYR3.51bn worth of RPTs with YTL Cement last September. The new mandate will reportedly allow Malayan Cement to deal with YTL Cement on the sale and purchase of materials such as clinker, cement, aggregates, san...

CMSB 3Q profit drops 7%

27 November 2019, Published under Cement News

Cahya Mata Sarawak Bhd (CMSB)’s net profit declined seven per cent to MYR72.83m (US$17.451m) in the 3Q19, ended 30 September 2019 from MYR78.02m in the 3Q18. The company’s revenue remained stable at MYR467.18m (3Q18: MYR465.17m). The fall was attributed to rising sales costs and a decrease in other income. Cost of sales advanced three per cent to MYR371.29m in the 3Q19 from MYR362.13m in the year-ago period. Other income decreased 63 per cent to MYR3.67m from MYR10.02m over the same period...

Malayan Cement Bhd on course for profits in 2020

07 November 2019, Published under Cement News

Malayan Cement Bhd is likely to turn a profit from 2020 onwards by reducing operating costs and implementing a cost rationalisation  initiative which began in 1H19, according to a research house. In the 1H19 Malayan Cement's net loss fell by 45 per cent YoY to MYR80.5m (US$19.4m) and while revenue was  down six per cent, operating costs declined by 12 per cent. The company has since benefitted from improved cement prices, up from MYR210 to MYR230/t in October. Analyst Affin Hwang Capit...

Lafarge Malaysia shareholders vote down RPTs with YTL Cement

24 September 2019, Published under Cement News

Minority shareholders of Lafarge Malaysia have voted down a plan to enter into recurrent related party transactions (RPTs) with YTL Cement, estimated to be worth about MYR3.5bn (US$837.92m). The proposal was rejected by 76 per cent of the shareholders, according to a bourse filing. The RPTs would have allowed Lafarge to deal with YTL on the sale and purchase of clinker, cement and pulverised ash, and also fees for services and rental of properties in Johor and Singapore.

Cimprogetti supervises RCI Lime Sdn Bhd's kilns remotely

13 September 2019, Published under Cement News

Cimprogetti's Diagnostic Centre in Italy as been able to remotely connect to RCI Lime Sdn Bhd (Ipoh, Malaysia) and evaluate the supervision system status for kilns K4 and K5 before restoring the process parameters. Cimprogetti explained that this is a safe and positive experience on how to manage today a complex lime production site. The 'physical' processes of the kiln are monitored and implemented by the automation, supervision and control platform, the BOT Platform™, purposely developed ...

Malaysian infrastructure demand to escalate cement price rises

11 September 2019, Published under Cement News

Malaysia's building materials are expected to se a price rise in the 3Q19 as large construction projects hike up demand for products such as cement. The construction industry is expected to pick up this quarter on infrastructure projects, including the East Coast Rail Link, brokerage analyst Abdul Hadi Manaf noted. "As such, we believe that demand for cement and steel should also recover at a gradual pace," he said. Cement costs could go up by 10 per cent to MYR220/t (US$52/t) in the four...

YTL Corp returns to profit in the 4QFY19

30 August 2019, Published under Cement News

Malaysia’s YTL Corp Bhd posted a net profit of MYR2.44m (US$578,705) for the 4QFY19, against a net loss of MYR63.54m in the year-ago period. Revenue increased 20 per cent to MYR5.04bn from MYR4.2bn in the 4QFY18. Except for its property and utilities business segments, the company recorded positive growth in profit before tax (PBT) in all its business divisions during the quarter. The construction division's PBT rose 63 per cent YoY to MYR44.7m, while cement manufacturing and trading's PB...