Cement News tagged under: Malaysia

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Tighter margins forecast for Malaysian cement producers in 2H18

04 July 2018, Published under Cement News

Malaysia cement players are receiving warnings from financial analysts that margins are expected to come under more pressure in the coming months, while a contraction of cement demand is forecast for the second half of the year. According to CIMB Research, this is a potential negative for the earnings outlook of cement companies in the second half of the year. "This makes it unlikely for any cement company to initiate a price hike to cover rising operating costs. "For cement players, margi...

Lafarge Malaysia reports 3% fall in revenue for 1Q18

24 May 2018, Published under Cement News

Lafarge Malaysia Bhd has announced that its net loss widened in the 1Q18 period, increasing to MYR68.73m (US$17.27m) from MYR48.93m of the previous year. Furthermore, revenue fell 2.7 per cent to MYR546.83m (1Q17: MYR561.85m). The results have been attributed to weak demand and a competitive market, according to a statement by the company. "Lower operating profit from the cement segment is due to weak demand, coupled with a more competitive environment. The situation was further exacerbat...

CMS sees 51% rise in profit

15 May 2018, Published under Cement News

Malaysia-based Cahya Mata Sarawak Bhd (CMS) has reported a 15.4 per cent rise in unaudited revenues to MYR354.987m (US$89.7m) in the quarter ended 31 March 2018 from MYR307.679m in the corresponding quarter of 2017. Profit before tax rose 27.8 per cent from MYR44.852m in 1Q17 to MYR56.958 in 1Q18 while profit attributable to ordinary shareholders of the parents advanced by 50.7 per cent to MYR38.977m from MYR25.864m in 1Q17.  “For FY2018, we also expect to see upsides for quarry produc...

Holcim Philippines appoints John Stull as CEO

24 April 2018, Published under Cement News

Holcim Philippines has appointed John Stull, the former chief of LafargeHolcim’s US cement operations, as its new president and CEO with immediate effect. Mr Stull will be replacing Sapna Sood, who recently resigned from her role, according to the company. "I am delighted to join Holcim Philippines at this exciting but challenging time. As the market adapts and becomes faster paced, the company needs to be well positioned to play a key role in the future development of the country with in...

Cahya Mata Sarawak's stable transition

09 April 2018, Published under Cement News

This week, Malaysia-based Cahya Mata Sarawak Berhad (CMS) reported FY17 revenues up four per cent at MYR11.16bn (US$415.7m). Revenues improved with the first full year operation of the company's 1Mta grinding section, which has converted its clinker plant at Mambong, outside Kuching, to an integrated works. Opened in November 2016, the MYR190m facility has raised CMS's overall cement capacity by 60 per cent to 2.75Mta ( read the full article in ICR May 2017.) There also has been a ...

Cahya Mata Sarawak's stable transition

06 April 2018, Published under Cement News

This week, Malaysia-based Cahya Mata Sarawak Berhad (CMS) reported FY17 revenues up four per cent at MYR11.16bn (US$415.7m). Revenues improved with the first full year operation of the company's 1Mta grinding section, which has converted its clinker plant at Mambong, outside Kuching, to an integrated works. Opened in November 2016, the MYR190m facility has raised CMS's overall cement capacity by 60 per cent to 2.75Mta ( read the full article in ICR May 2017.) There also has been a struct...

CMS records 4% increase in revenue for 2017

30 March 2018, Published under Cement News

Malaysia-based Cahya Mata Sarawak Berhad (CMS) has released its results for the full-year 2017 period, recording a 4 per cent YoY increase in revenue to MYR1.61bn (US$415.67m) from MYR1.55bn. The group also announced a 26 per cent rise in profit after tax and non-controlling interests (PACNI), to MYR213.21m from MYR169.18m. The cement division was amongst the main contributors to the group's revenue, despite revenue of the divison falling 7.5 per cent YoY to MYR520.91m (2016: MYR563.07m). ...

Lafarge Cement to supply Malaysian rail link project

20 March 2018, Published under Cement News

Lafarge Cement Sdn Bhd, a subsidiary of Lafarge Malaysia, has been awarded a MYR270m (US$68.92m) cement supply contract by the China Communications Construction Company (CCCC), for the East Coast Rail Link (ECRL) project. The contract will see the company supply cement for all eight stages of work from now until 31 December 2019. Beyond this, the agreement is renewable for a further two years subject to mutually-agreed terms and conditions. "We are very pleased to be awarded the trust...

CMS sees 27% rise in earnings

23 February 2018, Published under Cement News

Cahya Mata Sarawak Bhd (CMS), Malaysia, saw its earnings rise 27.2 per cent to MYR215.2m (US$55m) in the financial year ended 31 December 2017 from MYR169.2m in 2016 although earnings in 4Q17 were lower. Earnings related to the company’s four divisions: cement, construction and road maintenance, cosntruction materials and trading, and property development. Total revenues in 2017 increased by 3.6 per cent YOY to MYR1.6bn from MYR1.55bn. CMS also recorded a higher share of profit of MYR...

Tasek posts MYR5.94m loss in 4Q17

08 February 2018, Published under Cement News

Malaysian cement producer Tasek Corp Bhd reported a net loss of MYR5.94m (US$1.51m) for the fourth-quarter of 2017, down from the MYR2.14m profit in 4Q16. The company’s turnover fell 16 per cent YoY to MYR135.26 on the back of lower domestic cement sales and a lower average net selling price for cement and ready-mixed concrete, according to The Malaysian Reserve newspaper. The outlook for 2018 is mixed as the property market is expected to continue to weigh on cement demand. However, c...