Cement News tagged under: Malaysia
CMS sees 1Q revenues up by 6%23 May 2022, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Berhad (CMS) reported a revenue of MYR214.04m for the first quarter ended 31 March 2022, up six per cent YoY from MYR202.06m. Profit before tax improved to MYR83.86m in the 1Q22 from MYR82.56m in the 1Q21 due to a better performance by the Cement and Road Maintenance businesses and a higher share of results of associates by MYR15.42m. Although higher raw material costs and global supply chain constraints challenged the company’s operations, key initiat... |
Borneo Oil increases investment in Sabah cement plant11 April 2022, Published under Cement NewsBorneo Oil Bhd increased its investment to MYR50.7m (US$12m) in Sabah’s first integrated clinker and cement plant, which is expected to be commissioned by the 3Q22. The plant is owned by Makin Teguh Sdn Bhd. Located in Lahad Datu the new plant has a capacity to produce 720tpd of Portland-grade cement. It is the first micro cement plant in Malaysia to use environmentally friendly technologies such as waste heat recovery and a fuel mix consisting of heavy fuel oil and biomass fuels including... |
Malaysian raw material costs push up cement prices23 March 2022, Published under Cement NewsThe current cement price in Malaysia has been hiked due to increases in the cost of raw materials, especially coal in the international market, says Sharuddin Omar Hashim, Cement Industries of Malaysia Berhad (CIMA) . Coal prices have escalated by 30-40 per cent of the cost of cement production, which has necessitated the final product price rises. "Coal prices were previously in the range of US$60/t to US$70/t, but have now increased to US$200/t and could possibly reach up to US$400/... |
Cementir records strong regional results in 202111 March 2022, Published under Cement NewsCementir 's regional markets results for 2021 produced increasing revenues in all markets. The highest revenues outside of Italy were recorded in Belgium and France. Norway and Sweden In 2021 sales revenues in Norway and Sweden amounted to EUR193.6m (EUR176.4m in 2020) while EBITDA recorded 22 per cent growth to EUR 21.2m (EUR 17.4m in 2020). In Norway ready-mixed concrete sales volumes increased by around four per cent compared to the previous year with a more favourable trend i... |
Malayan Cement swings into the black in 2QFY21-2228 February 2022, Published under Cement NewsMalaysia-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 costs14 February 2022, Published under Cement NewsMalaysia-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 vessels16 November 2021, Published under Cement NewsIndonesia’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 profit01 September 2021, Published under Cement NewsMalaysia-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 industry03 August 2021, Published under Cement NewsMalaysia'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 May01 June 2021, Published under Cement NewsIndonesia’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. |