Displaying items by tag: Malaysia

Malaysia: Isaac Lugun and Goh Chii Bing have taken their new roles at Cahya Mata Sarawak (CMS) as Group Chief Executive Officer – Corporate and Group Chief Executive Officer – Operations respectively. They replace Richard Curtis who retired as Group Managing Director at the end of December 2017. Curtis will remain at the cement producer as a Non-Executive Director until the end of 2018.

Malaysia: Cahya Mata Sarawak’s (CMS) pre-tax profit rose to US$23.4m for the third quarter of 2017 from US$23.1m in the same quarter of 2016. The group said the better profit before tax was attributable to the cement division’s lower production costs. Its revenue, however, declined to US$85.0m from US$87.0m a year earlier. CMS said that the cement division’s clinker and cement operations’ combined profit before tax for the third quarter was 2% ahead of the corresponding quarter of 2016.

The company said that the operating environment was expected to remain challenging and the group’s healthy financial position would help weather the challenging environment. “We remain focused on growing our portfolio of businesses by taking advantage of the business opportunities in Sarawak,” said the company in a statement. “Our strong fundamentals and resilience will enable us to perform and to deliver a satisfactory financial performance for 2017. Coupled with other measures that the management is taking, we are positioning for long-term sustainable revenue and profitability growth.”

Malaysia: Yeoh Tiong Lay, the founder of YTL Group, has died at the age of 88. Lay started with a construction company in Kuala Selangor in 1955 and the built the company into a conglomerate including cement production, power generation, water and sewerage services, communications, construction contracting, property development and investment, hotel development management and more. He was appointed to the board of directors of YTL Corp in mid-1984 and was appointed as the executive chairman in 1985.

Malaysia: Tenaga Nasional Bhd (TNB) is investing US$50m in two waste heat recovery (WHR) plants to generate electricity through the recovery of exhaust waste heat from two cement plants operated by Negeri Sembilan Cement Industries. TNB's wholly-owned subsidiary TNB Repair and Maintenance Sdn Bhd will develop and operate the plants and raise the necessary financing.

Negeri Sembilan Cement owns two cement plants in Bukit Keteri, Perlis and Bahau, Negeri Sembilan with a total production capacity of 7.2Mt/yr. TNB said that the WHR plants will have a combined power generation capability of 23MW, giving Negeri Sembilan a 9-12% saving on its electricity cost.

The group said its venture into the waste heat recovery development will provide a new business opportunity in promoting energy efficiency, green technology and a sustainable long-term energy solution.

Malaysia: Cahya Mata Sarawak's (CMS) net profit jumped more than eight times to US$15.2m in the second quarter of 2017, from US$1.8m in the same quarter of 2016. The positive result was mainly due to lower handling costs, cheaper imported clinker and lower clinker production costs brought about by stable production and lower coal prices. The net profit for the six-month period was also higher by more than nine times at US$20.5m from US$2.1m in the first half of 2016. Total first half revenue decreased by 10% year-on-year to US$157.1m from US$174.7m.

Malaysia: Richard Curtis is to retire as Group Managing Director of Cahya Mata Sarawak Berhad (CMS) on 31 December 2017. He will then remain as a Non-Independent Non-Executive Director until the end of 2018. Curtis will be succeeded by Isaac Lugun as the company’s Group Chief Corporate Officer and Goh Chii Bing as its Group Chief Operating Officer.

Italy: Cementir’s acquisition of Compagnie des Ciments Belges has propped up its sales revenue, volume and operating profit for the first half of 2017. Its sales revenue rose by 31.3% year-on-year to Euro631m in the first half of 2017 from Euro481m in the same period in 2016. However, on a like-for-like basis its sales revenue fell by 1.5%. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 68.5% to Euro85.1m from Euro72m but fell by 4.9% on a like-for like basis. Its sales volumes of cement rose by 34% to 6.37Mt from 4.75Mt but fell by 2.4% on a like-for-like basis. The group blamed its poor like-for-like performance on falling revenue in Turkey and Malaysia despite good results in Denmark, Norway, Sweden, China and Italy.

“Results in the first half 2017 were up thanks to the effect of the acquisitions concluded in the second half 2016, which added Euro16.6m to EBITDA, despite adverse changes in exchange rates. On a like-for-like basis, the improvement in EBITDA in Egypt, Italy, China and Norway partially compensated lower earnings in Turkey and, to a lesser extent, in Denmark and Malaysia, as well as the depreciation of foreign currencies against the Euro – mainly the Egyptian Pound and the Turkish Lira,” said Francesco Caltagirone Jr, Chairman and Chief Executive Officer (CEO).

Southeast Asia: LafargeHolcim has signed an agreement on biodiversity conservation with Fauna & Flora International (FFI). Under the agreement, FFI will perform an independent external review of the group’s existing biodiversity management plans (BMP) at sites in Malaysia, Indonesia and the Philippines; contribute to the development of a group-wide strategy on karst management; identify opportunities for enhancing biodiversity in quarry rehabilitation; and organise a stakeholder dialogue bringing together an external expert group, local government, local non government organisations and LafargeHolcim staff to consult on BMP recommendations. The agreement is intended to help LafargeHolcim meet the biodiversity aspects of its 2030 sustainability plan.

“Biodiversity loss is a major global challenge. We aim to be good stewards of the land where we operate and demonstrate that proper management of quarries can reduce and reverse our impacts and even generate positive change for biodiversity. The new engagement work with FFI will play a key role in achieving our commitment,” said Caroline Hempstead, Group Head of Communications, Public Affairs & Sustainable Development at LafargeHolcim.

Malaysia: Cahya Mata Sarawak Berhad’s (CMS) cement division’s operating profit rose by 2% year-on-year to US$23.6m in 2016 from US$23.2m in 2015. However, its sales revenue fell by 6% to US$127m from US$135m. The group blamed its falling sales on ‘challenging’ market conditions. Overall the group’s sales revenue and profit fell in 2016.

“2016 was a challenging period for us in terms of group performance meeting targets as we had faced challenging market and operational conditions. These macro factors included low commodity selling prices, higher costs of raw materials in the Cement Division resulting from the strong US dollar, and generally the sluggish private and public sector demand attributable to bank lending restraints and the lack of any new big projects. Our group’s core businesses, however, remained resilient during this period and continued to report stable earnings,” said Richard Curtis, Group Managing Director of CMSB.

Malaysia: Engineering company Christian Pfeiffer has released more information about a grinding plant that it completed at the Mambong cement plant for Cahya Mata Sarawak (CMS) in 2016. The engineering procurement and construction (EPC) contract was originally signed in mid-2014 and it also included raw material handling, finished product storage silos and an automated packing plant.

The grinding plant consists of a two-compartment ball mill with a diameter of 4.8m x 15m effective grinding length equipped with a QDK 248-Z separator designed to produce 150t/hr of cement with a fineness of 3500cm²/g according to Blaine. The mill is supported by slide shoe bearings and driven by a lateral drive unit consisting of a girth gear and two pinion gear box with a floating shaft and a 5600kW main motor. The feed materials - clinker, gypsum and limestone - are dosed separately via weigh feeders, while fly ash can be added directly to the separator by a bucket elevator.

The ball mill is equipped with progressive lifting and classifying liners and filled with Allmax grinding balls. The material flow from the first to the second compartment is regulated by a Christian Pfeiffer intermediate flow-control diaphragm in Monobloc design, to ensure an ideal material level and particle size for fine grinding in the second compartment. The fine ground cement leaves the mill by a discharge diaphragm, in a Christian Pfeiffer Monobloc design, and is fed to the separator circuit by a bucket elevator. Separation of the ground cement is achieved by a bag filter application with minimum remaining dust content in the clean gas of below 10 mg/Nm³.

The cement produced is stored in two interchangeable 10,000t silos. One is a mono-cell and the other duo-cell, allowing for the production and storage of three different types of cement. Each silo is equipped with two bulk loading devices for conventional silo truck loading. Cement for the adjacent packing plant is transported via air slides and a bucket elevator. There, it can be filled into big-bags or cement paper bags by a rotary packer at a rate of 3000 bags/hr. At this stage the single packed cement bags can either be directly loaded on trucks or be transferred to a palletiser. The automated palletising system is designed for both pallet and palletless operation.

CMS officially launched the 1Mt/yr grinding plant in late 2016.