Hume Cement doubles profits
Malaysia’s Hume Cement Industries has reported net profit of MYR61.06m (US$13.04m) in the third quarter of the current financial year, ended 31 March 2024. This has more than do...
Malaysia
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Cementir's 1Q24 regional market update
Cementir's results for the 1Q24 were overall in line with management's expectations despite the decline in revenues and EBITDA compared to the first quarter of the previous year...
Heidelberg Materials acquires Malaysia's largest pulverised fly ash supplier
Heidelberg Materials has entered into a definitive purchase agreement to acquire ACE Group,the largest supplier of pulverised fly ash in Malaysia, effective 1 May 2024. The acqu...
New MYR1.2bn cement plant for Sabah
A MYR1.2bn (US$251.5m) integrated cement plant project in Kampung Kawayoi Pinangah, Tongod, central Sabah, Malaysia, will help boost the economy of the local community upon comp...
Shortlist of candidates for CIMA sale
Seven companies have been identified as potential purchasers of Cement Industries of Malaysia Bhd (CIMA), part of the UEM Group Bhd. According to The Edge Malaysia, of the seven...
Cement Industries (Sabah) reopens plant
Malaysia-based Cement Industries (Sabah) Sdn Bhd ’s cement plant at Sepanggar is operational again after a machinery breakdown. The facility experienced what the company describ...
Hume Cement sees return to profit in 1QFY23-24
Malaysia-based Hume Cement reported a MYR48.33m net profit for the 1QFY23-24, ended 30 September 2023 versus a net loss of MYR12.04m in the year-ago period. Revenues advanced to...
Borneo cement shortage threatens construction projects
A shortage of cement in Sabah, Borneo, is having a significant impact on the state's construction industry, particularly in the towns of Sandakan, Lahad Datu and Tawau in the ea...
Malaysian cement demand set to flourish, says report
Cement demand in Malaysia will continue to flourish in the medium-to-long term, supported by major infrastructure projects across the country, reports RHB Investment Bank Resear...
YTL Corp reports 22% revenue rise
YTL Corp Berhad ’s revenue increased by 22 per cent to MYR29,508.2m (US$6,359.5m) for the 12 months ended 30 June 2023, compared to MYR24,241.5m (US$5,224.5m) for the 12 months ...