Cement News tagged under: Malaysia

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Lafarge Malaysia invests MYR80m to boost efficiency

29 August 2018, Published under Cement News

Lafarge Malaysia Bhd has allocated MYR80m (US$19.48m) to optimise its operational efficiency, which includes the installation of bag filters at all three of its integrated plants in the country. At the installation of the filter at the company’s Kanthan facility, Mario Gross, CEO, noted that it is replacing the current ESP system as a more efficient alternative. "It also captures dust particles, releasing only filtered air into the environment. The bag filter is cleaned at pre-programmed...

Lafarge Malaysia MYR270m ECRL contract suspended

13 July 2018, Published under Cement News

Lafarge Malaysia Bhd MYR270m (US$66.7m) contract to supply cement to the East Coast Rail Link (ECRL) project has been suspended. The cement producer said that China Communications Constructions (ECRL) Sdn Bhd (CCC), the main contractor to the project, has suspended the contract as the government is currently reviewing the project. LafargeHolcim’s wholly-owned subsidiary had signed an agreement with CCC to supply cement to all eight work packages for the rail link. The contract was due...

Cahya Mata Sarawak defends its cement pricing

06 July 2018, Published under Cement News

In response to a motion moved by Pujut Assembly man Ting Tiong Choon, Cahya Mata Sarawak Bhd (CMS) says that it is incorrect to say the company has a monopoly over the production and sale of cement in Sarawak, Malaysia. CMS stated that contrary to the assertion made by Ting that since June 2016, one bag of 50kg cement is sold at MYR21.50 (US$5.32) in Sarawak, but at MYR17.30 (US$4.28) in Sabah, the true figure quoted by the Malaysian Department of Statistics is MYR20.37 for a 50kg bag of...

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). ...