Lafarge Malaysia records 3Q18 net loss of MYR109m
Lafarge Malaysia recorded a net loss in 3Q18 of MYR109.28m (US$26m) down 160 per cent from MYR42.01m in 3Q17. Revenue fell by 14 per cent YoY to MYR495.1m in 3Q18. The decline i...
Malaysia
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Mario Gross steps down as CEO of Lafarge Malaysia
Mario Gross of Lafarge Malaysia stepped down from his role as president and CEO of the company on Friday, after seven months in the position. Mr Gross has been assigned to a new...
Tasek posts 3Q net loss
Malaysia’s Tasek Corp Bhd posted a net loss of MYR5.99m (US$1.44m) in 3Q18 on the back of intense pricing competition as domestic cement demand fell. In 3Q17 the company reporte...
Lafarge Malaysia invests MYR80m to boost efficiency
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 plant...
Lafarge Malaysia MYR270m ECRL contract suspended
Lafarge Malaysia Bhd MYR270m (US$66.7m) contract to supply cement to the East Coast Rail Link (ECRL) project has been suspended.
Cahya Mata Sarawak defends its cement pricing
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 productio...
Tighter margins forecast for Malaysian cement producers in 2H18
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 ...
Lafarge Malaysia reports 3% fall in revenue for 1Q18
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 fe...
CMS sees 51% rise in profit
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...
Holcim Philippines appoints John Stull as CEO
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 repla...