Lafarge Malaysia shareholders vote down RPTs with YTL Cement
Minority shareholders of Lafarge Malaysia have voted down a plan to enter into recurrent related party transactions (RPTs) with YTL Cement, estimated to be worth about MYR3.5bn ...
Malaysia
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Cimprogetti supervises RCI Lime Sdn Bhd's kilns remotely
Cimprogetti's Diagnostic Centre in Italy as been able to remotely connect to RCI Lime Sdn Bhd (Ipoh, Malaysia) and evaluate the supervision system status for kilns K4 and K5 bef...
Malaysian infrastructure demand to escalate cement price rises
Malaysia's building materials are expected to se a price rise in the 3Q19 as large construction projects hike up demand for products such as cement. The construction industry is...
YTL Corp returns to profit in the 4QFY19
Malaysia’s YTL Corp Bhd posted a net profit of MYR2.44m (US$578,705) for the 4QFY19, against a net loss of MYR63.54m in the year-ago period. Revenue increased 20 per cent to MYR...
Cahya Mata Sarawak sees decline in 1H19 net profit
Malaysia's Cahya Mata Sarawak Bhd (CMS) recorded a 54.9 per cent decline in net profit to MYR41.33m (US$9.79m) for the 2Q19, compared with MYR91.63m in the year-ago period. Howe...
Malaysian consumption to remain subdued in 2H19
Malaysian cement consumption is expected to remain subdued in the second half of 2019, as the construction and property development markets remain weak, according to Khairul Azi...
Sabah considers new plant to ensure clinker supply
Sabah Economic Development Corp (SEDCO) and Cement Industries (Sabah) Sdn Bhd (CIS) are reportedly considering plans to build a clinker plant to ensure supply into the Malaysian...
HL Cement (Malaysia) extends closing date for takeover
HL Cement (Malaysia) Sdn Bhd (Hong Leong Group) has extended its takeover offer for the remaining shares in Tasek Corp Bhd to 22 July 2019. HL Cement (Malaysia) said the conditi...
Calls for higher cement prices in Sarawak to be investigated
Malaysia’s Ministry of Finance has called for an investigation to determine whether monopolistic practises by the local cement industry in Sarawak is the cause of high cement pr...
Producers: cement prices unsustainable in Peninsular Malaysia
Cement prices in Peninsular Malaysia, which have been declining since 2016, have a reached an unsustainable level as production costs have increased, according to the country’s ...