Cement News tagged under: YTL Corp

RSS feed

YTL executives appointed to Lafarge Malaysia board while CEO resigns

20 May 2019, Published under Cement News

Yeoh Khoon Cheng has resigned as CEO of Lafarge Malaysia although he will stay on as the group’s executive director. In addition, Lafarge Malaysia Vice Chairman, Martin Kriegner, and non-independent and non-executive directors John William Stull and Datuk Tan Pei Ling have also resigned. In a separate move, several YTL Corp Bhd executives have been appointed to the company’s board. YTL Corp Executive Chairman, Tan Sri Dr Francis Yeoh, and Managing Director, Datuk Yeoh Seok Kian, have bee...

YTL Corp records 11.3% net profit decline

26 November 2018, Published under Cement News

Malaysia’s YTL Corp saw a 11.3 per cent decrease in net profit for the 1QFY19, falling to MYR125.79m (US$30m) from MYR141.82m in the year-ago period. The decline has been attributed to lower contributions from its cement manufacturing and trading, utilities and property segments. "The outlook for the cement industry remains highly competitive among industry players and the segment is expected to achieve satisfactory performance for FY19," stated the company. Company revenue in the first qu...

Challenging year for YTL's cement division

17 August 2017, Published under Cement News

FY17 is proving to be a challenging year for YTL Corp’s cement business due to overcapacity and weak demand from the property segment, according to a report by Affin Hwang Investment Bank Research published in the The Edge Financial Daily. "Although we are expecting a higher demand from infrastructure and property in FY18, we believe the incremental demand is not sufficient to absorb the overcapacity, limiting the upside of the recovery in earnings," Affin Hwang noted. Apart from the c...

YTL Cement Singapore acquires Sin Heng Chan

04 December 2014, Published under Cement News

YTL Corporation Bhd's YTL Cement Singapore Pte Ltd unit has acquired Sin Heng Chan (Singapore) Pte Ltd for MYR64.969m (S$24.734m). Sin Heng Chan is engaged cement trading with terminal operations, YTL Corp said in a filing in Bursa Malaysia today. It is an importer of bulk cement into Singapore and operates a bulk cement terminal at Jurong Port with a 60,000t storage capacity. The company also manufactures bagged cement. Following this acquisition, Sin Heng Chan (Singapore) becomes a w...