Higher sales boost Lafarge Malaysia 1Q14
Lafarge Malaysia’s revenue for the 1Q14 was 4.9 per cent higher YoY to MYR676.6m (210.7m), mainly due to higher cement and aggregate sales volumes.
Malaysia
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Malaysia: YTL profit increases 40.5% YoY
Malaysian construction conglomerate YTL Corp Bhd saw its profit increased 40.5 per cent to MYR1.93bn (US$601.7m) for the nine months ended 31 March 2014 compared to the same per...
Contract for new CMS grinding unit set to be signed
The contract for CMS Cement’s new MYR190m grinding plant project on Sarawak, Malaysia, is due to be signed early next month, according to group managing director, Richard Curtis...
Malaysia: CMS pretax profit buoyed by cement division
Cahya Mata Sarawak Bhd (CMS) registered a 30 per cent YoY rise in pretax profit to MYR295.27m in 2013, driven mainly by higher earnings from its cement division.
Lafarge Malaysia holds off on price hike
Lafarge Malaysia Cement has no immediate plans to increase cement prices, despite a hike in electricity tariffs this year its president and CEO, Bradley Mulroney, said.
Malaysia: Lafarge's net profit rises by 24.7%
Lafarge Malaysia Bhd's net profit for the third quarter ended 30 Sept 2013 rose 24.7 per cent to MYR120.2m (US$37.7m) from MYR96.4m a year ago.
Malaysia: Merapoh state rejects ideas for cement plant
Cement plant plans in Malaysia's Pahang state are to lose out to an ecotourism project. The Pahang state government has promised that there will be no cement production plant at...
Hong Leong Industries in corporate restructuring
Hong Leong Industries Bhd (HLI) is selling its 100 per cent stake in Hume Industries (Malaysia) Sdn Bhd for MYR48m (US$14.9m) and preference shares in Hume Cement Sdn Bhd for MY...
CMS Sarawak confident on long-term outlook, Malaysia
CMS Sarawak is confident on the long-term outlook for cement demand in the state of Sarawak despite a potential slowdown in the second half of this year. CMS Sarawak’s subdued s...
Malaysia: Lafarge's LMCB secures loan agreement
Lafarge Malaysia Cement Bhd (LMCB) has converted the MYR580.69m (USS$225m) fixed rate notes due 2013 into an inter-company term loan with M-Cement Sdn Bhd. The company executed ...