Cement News tagged under: Malaysia
Lafarge Malaysia MYR270m ECRL contract suspended13 July 2018, Published under Cement NewsLafarge 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 pricing06 July 2018, Published under Cement NewsIn 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 2H1804 July 2018, Published under Cement NewsMalaysia 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 1Q1824 May 2018, Published under Cement NewsLafarge 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 profit15 May 2018, Published under Cement NewsMalaysia-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 CEO24 April 2018, Published under Cement NewsHolcim 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 transition09 April 2018, Published under Cement NewsThis 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 transition06 April 2018, Published under Cement NewsThis 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 201730 March 2018, Published under Cement NewsMalaysia-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 project20 March 2018, Published under Cement NewsLafarge 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... |