Sarawak cement shortage due to lack of raw material vessels
Indonesia’s Ministry of Domestic Trade and Consumer Affairs has explained the current shortage of cement in Sarawak, attributing it to the demand generated by various constructi...
Malaysia
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Malaysia’s CMS posts 284% rise in 2Q net profit
Malaysia-based Cahya Mata Sarawak Berhad (CMS) reported a 32.3 per cent rise in 2Q revenues from MYR139.878m in the 2Q20 to MYR185.001m in the 2Q21. Profit before tax tripled fr...
Further price hikes coming for Malaysia's cement industry
Malaysia's cement sector is expected to see further cement price hikes, according to AmBank Research. AmBank Research also projects the average net cement selling price in Penin...
North Sulawesi exports 63,046t in May
Indonesia’s North Sulawesi province exported 63,046t of cement to Taiwan, the Philippines and Malaysia in May 2021, according to the North Sulawesi Industry and Trade Office. Th...
YTL Corp net profit rises 9% in 3QFY21
YTL Corp Bhd recorded a nine per cent increase in its net profit to MYR93.5m (US$22.6m) for the third financial quarter ended 31 March 2021 (3QFY21), up from MYR85.4m in the pre...
Cahya Mata Sarawak sees net profits of MYR77.8m in 1QFY21
Cahya Mata Sarawak Bhd (CMS) recorded a 3.5-fold higher net profit of MYR77.8m (US$18.8m) for the first quarter ended 31 March 2021 compared with MYR17.28m in the same period la...
YTL Cement to consolidate Malaysian cement businesses
YTL Cement (YTL Corp) has signed an agreement to sell its entire cement and RMC operations in Malaysia to its 76.98 per cent subsidiary Malayan Cement for a MYR5.16bn (US$1.25bn...
Malaysia: budget for the future Premium
Malaysia’s cement market has seen consumption slow in recent years due to political uncertainty and a mature residential market. Although COVID-19 stifled output in the 1H20, a ...
Malayan Cement Bhd to repay borrowings with share placement
Malayan Cement Bhd is expected to raise MYR226.95m (US$55m) mainly to repay bank borrowings via a proposed placement of up to 85m shares, representing 10 per cent of the company...
Cementir sees strong regional sales in Turkey
Cementir Holding’s consolidated results for 2020 saw a surge in Turkish local cement demand and exports. This saw an increase in revenues of 53 per cent in local currency and a ...