Cement News tagged under: Malaysia
Martin Engineering plans Kuala Lumpur business unit05 June 2023, Published under Cement NewsMartin Engineering is expanding its presence in the Asia-Pacific market by opening a business unit in Malaysia. Headquartered in the capital city of Kuala Lumpur, with a satellite office in Lumut, the Malaysian business unit will act as the main hub for providing products and solutions to the many industries Martin Engineering serves in the region. The benefit to customers will be more localised care from a team with a greater understanding of the region’s needs and challenges.... |
Cementir posts 1Q23 revenue of EUR414.8m10 May 2023, Published under Cement NewsCementir ’s revenue totalled EUR414.8m in the 1Q23, up 14.5 per cent from the 1Q22. EBITDA reached EUR81.2m, a 33.8 per cent YoY advance while profit before taxes totalled EUR63.9m, a rise of 50.7 per cent when compared with the 1Q22. Meanwhile, net debt stood at EUR32.1m at 31 March 2023. Operating costs rose by 2.8 per cent to EUR342.5m when compared to EUR333.1m in the 1Q22. The cost of raw materials rose by 5.5 per cent YoY. Cement volumes (white and grey) totalled 2.34Mt, a f... |
YTL Cement signs MoU to tackle standards and sustainability13 April 2023, Published under Cement NewsYTL Cement Bhd has signed a Memorandum of Understanding (MoU) with Construction Research Institute (CIDB) Malaysia to promote sustainability within the country's construction sector. According to The Star, the MoU will focus on three key areas: human resources development, research and development, and support of the construction industry’s transition to sustainability. As part of the collaboration, both parties will make use of YTL Cement’s laboratory and testing facilities to provide ... |
Cementir reports significant revenue increases in Europe in 202213 March 2023, Published under Cement NewsCementir's regional results showed significant revenue increases in Turkey, Europe, US and Malaysian markets. However, cement sales were under pressure in most regions. Cementir ’s Danish sales revenues in 2022 reached EUR509.8m, up 23.2 per cent compared to EUR413.9m in 2021, due mainly to the rise in sales prices. Overall cement volumes decreased by six per cent compared to previous year. White cement exports declined by 29 per cent. Ready-mixed concrete volumes in Denmark fell by five... |
Cement Industries (Sabah) raises cement prices11 January 2023, Published under Cement NewsCement Industries (Sabah) Sdn Bhd has increased the price of cement by 5-15 per cent effective from the 4 January 2023. The price hike was made after taking into consideration the rise of raw materials and freight shipping costs. Local media states that the price of cement in Sarawak and Peninsular Malaysia has increased dramatically in recent months. In Peninsular Malaysia, for example, the price of cement had risen 30 per cent last year, reports Borneo Post. Cement Industries (Sabah)... |
Cahya Mata Cement ends supply difficulties28 December 2022, Published under Cement NewsCahya Mata Cement Sdn Bhd (formerly CMS Cement Industries Sdn Bhd) has given its assurance that it has fixed all the disruptions of cement supply as of early November. "As announced previously in October, there were disruptions to the supply of cement in Kuching and nearby areas. There has not been any disruption of cement supply in the northern region of Sarawak. Currently we have more than enough cement to supply and meet all the requirements of our customers,” said a spokesperson ... |
Sarawak considers importing cement from Thailand23 December 2022, Published under Cement NewsThe Borneo-based Sarawak Economic Development Corp (SEDC) and the Bintulu Development Authority (BDA) are planning to create a joint venture to import cement from Thailand to address the supply shortage in the state of Sarawak. According to the Borneo Post Online, imports could total 0.5-1Mt from 2023. SEDC and BDA visited Siam Cement Group (SCG) in Bangkok recently to discuss the proposal. Due to the shortage of cement in Sarawak, cement prices in the state are 15 per cent higher tha... |
Malayan Cement reports 98% rise in revenue25 November 2022, Published under Cement NewsMalayan Cement Berhad , part of YTL Cement Berhad , has reported revenue of MYR2.71bn (US$605.6m) in FY2022, up 98 per cent on the previous year. Net income has come in at MYR83.5m, compared to MYR76.2m in FY2021. Profit margin over the same period has advanced from 0.5 per cent to 3.1 per cent, driven by the higher revenue. Earnings per share improved from MYR0.009 in FY2021 to MYR0.068 in FY2022. According to Simply Wall St, while earnings per share exceeded analyst expectations by 3... |
Makin Teguh Sdn Bhd launches Lahad Datu cement plant21 September 2022, Published under Cement NewsMakin Teguh Sdn Bhd (MTSB), in which Bornoil holds a 30 per cent stake, has opened a new cement plant, located adjacent to Borneo’s first limestone and marble quarry in Sabah, next to the Segama River. MTSB’s Lahad Datu integrated cement manufacturing plant is designed using the latest Chinese technology with great emphasis towards environmental protection and efficient energy use. It is the first integrated cement plant in Malaysia which uses renewable fuels such as heavy fuel oil deriv... |
Cahya Mata Sarawak plans to double its cement capacity27 July 2022, Published under Cement NewsCahya Mata Sarawak (CMS) is looking at doubling its current cement production at the Bintulu grinding plant as the conglomerate plans to ramp up capacity for construction of Indonesia's new capital Nusantara. The Bintulu grinding plant in Sarawak has a current production capacity of 0.75Mta. Regional demand for cement is expected to increase with the Nusantara City project set to be inaugurated in 2024. Indonesian President, Joko Widodo, had said early construction of Nusantara is und... |