Cement News tagged under: Malaysia

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Malaysia: former Tasek Cement director finds contentment in food

30 March 2017, Published under Cement News

Datuk David Tan Sek Yin, former executive director of Tasek Corporation Bhd (1986-2004), now spends his days over a hot stove making Ipoh kai si hor fun (shredded chicken kuey teow), reports the Star online. The 60-year-old can be seen going about Ipoh, in Malaysia, his minivan delivering containers of special broth to his Little Katong stalls at Canning Garden, Gourmet Square hawker centre. The culinary world has always fascinated Tan, even though he had to play a big role in the cement ...

Asian cement 2017: looking to the future

29 March 2017, Published under Cement News

Following an exciting 2016, this year sees opportunities and challenges abound for the Asian cement industry. LEK Consulting gives an overview and outlines strategies that help position cement companies in this part of the world for long-term growth. By Manas Tamotia, LEK Consulting, Singapore, and George Woods, LEK Consulting, Australia. China's overcapacity will help to change the Asian cement market from a national into a regional game The year 2016 was an exciting one for As...

Improving Malaysia’s supply

27 March 2017, Published under Cement News

In May 2016 Christian Pfeiffer successfully handed over the new cement grinding plant of Cahya Mata Sarawak (CMS) in Malaysia. The new unit will help CMS to increase its cement output and supply the market with a range of cement products. B y Christian Pfeiffer, Germany. Figure 1: draft layout of the new cement grinding plant for CMS, Malaysia The new cement grinding unit for Cahya Mata Sarawak (CMS) is the first turnkey cement grinding plant in Malaysia supplied by Christian P...

Malaysia: competition escalates

24 March 2017, Published under Cement News

2016 was a tough year for the Malaysia cement sector: demand fell, capacity increased and prices suffered as a consequence. Nevertheless, there was optimistic news this week that LafargeHolcim is expecting higher earnings from its operations in Malaysia in FY17 and FY18, as a result of its direct collaboration with the federal government’s projects. And earlier in March, ICR reported that Cementir also saw its revenues from Malaysia pick up. ICR surveys the industry... Demand in Malay...

Lafarge Malaysia earnings expected to bounce back

21 March 2017, Published under Cement News

Lafarge Malaysia Bhd’s (Lafarge) earnings are expected to bounce back in FY17 and FY18 on the back of local cement sales growth as well as contributions from its collaboration with the federal government, according to analysis by AmInvestment Bank Bhd quoted in The Borneo Post. Following a disappointing FY16, the investment bank anticipates that Lafarge’s earnings are expected to rise by 44 per cent and 68 per cent in FY17 and FY18, respectively. “Lafarge’s local cement sales is to gr...

The world in 2016 and outlook for 2017

10 February 2017, Published under Cement News

This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por...

Malaysia: Borneo Oil signs US$18m limestone deposit deal

27 January 2017, Published under Cement News

According to reports in the Star newspaper, Borneo Oil has signed a 30-year deal enabling it to mine marble and limestone in Lahad Datu, Borneo. In an announcement to the Malaysian stock exchange, Borneo oil revealed it had paid MYR80m (US$18m) for the right to mine reserves estimated at 24.5Mt. The company declared that it is now positioned to become “a substantial player in the supply of high-grade limestone resources”, and noted that Sabah state – in which the quarries are situated ...

Vietnam: Song Lam first Malaysia exports

02 December 2016, Published under Cement News

Vissai Group subsidiary, Song Lam 2 JSC, has sent its first batch of exports to Malaysia from its new production line at Song Lam cement plant. The second clinker production line at the plant began operation in May 2016 following a less than two-year construction period. The project to expand the plant will be completed in phases, with the first phase seeing the completion of two production lines with a total capacity of 12,000tpd (4Mta). A third line will be introduced in the second phas...

Malaysia: CMS Cement division sees 14% drop in 9M16 pretax profits

01 December 2016, Published under Cement News

Malaysia’s Cahya Mata Sarawak Bhd (CMS) reported a total revenue of MYR1.10bn and a pretax profit of MYR160.41m in the first nine months of 2016, down 14 and 40 per cent YoY, respectively. The group’s cement division recorded a pretax profit of MYR76.98m, a decrease of 14 per cent YoY when compared with the record MYR89.23m recorded in 9M15. The company attributes the fall in profits to lower sales volumes, expenditure linked to the new cement mill and an unscheduled shutdown of the clink...

Malaysia: CMSB pledges year-round cement supply

09 November 2016, Published under Cement News

Cahya Mata Sarawak Berhad (CMSB) has said it will be able produce a year-round reliable supply of cement following the commissioning of its third and largest plant in Mambong, Sarawak. The new plant has an estimated production capacity of 1Mta and represents a MYR190m (US$44.9m) investment. Managing Director of CMSB, Richard Curtis, said the integrated plant with adjoining clinker plant will increase the firm’s production by almost 60 per cent to 2.75Mta. Current local demand lands at aro...