Displaying items by tag: Malaysia

Malaysia: YTL Corporation saw a 15.6% year-on-year decline in net profit to US$71.8m for the quarter that ended on 30 June 2015. Its revenue fell by 10.6% to US$987m. YTL Corporation attributed the decline to lower contributions from cement manufacturing and trading, information technology and e-commerce-related business, property investment and development, hotels and utilities.

For the full year that ended on 30 June 2015, YTL Corp's net profit fell from 31% to US$257m, due to lower contributions from cement manufacturing and trading, property investment and development and utilities. During the year, revenue fell by 12.7% to US$3.85bn.

Malaysia: Lafarge Malaysia's pre-tax profit for the first quarter of 2015, which ended on 31 March 2015, rose to US$27.6m from US$26.9m in the same quarter of 2014. Its revenue improved to US$193m from US$188m in the prior year due to higher cement and concrete sales in the domestic market on the back of market growth. The company expects the construction sector to continue to grow in 2015 driven mainly by the continued progress of key infrastructure projects and ongoing commercial and residential development.

Malaysia: Quarrying at Gunung Kanthan, Perak by Lafarge Malaysia has alarmed green groups, who said that work has encro¬ached close to 'sensitive' areas. A small hill within the limestone mountain's southern area was reportedly mined in January 2015. Concern that rocks from Area B where the hill was located would be strewn along the adjacent Area C have caused fears that quarrying there would follow.

Gunung Kanthan, which is home to many endangered species of flora and fauna, is divided into several sections with Areas C and D located in the south. Malaysian Nature Society (MNS) president Henry Goh, who confirmed that quarrying had been conducted on the hill, cautioned that the removal of forestry there would have damaging effects on Areas C and D. Two new flora species were recently discovered in Area C, which is also home to nine species that are on Malaysia's Red List of Endangered Plants.

Goh said that Lafarge Malaysia had assured him that Areas C and D would not be affected. He also claimed that temples embedded in or around the mountain had received evacuation notices. Goh said that a biodiversity report by Universiti Malaya, commissioned by Lafarge Malaysia, had not been revealed.

The International Union for Conservation of Nature (IUCN) has highlighted its concerns to Lafarge chairman Bruno Lafont. "We are concerned to learn that a road is being blasted immediately adjacent to Area C," said IUCN Species Survival Commission chairman Simon Stuart. He stated that Google Earth images showed that the forested valley next to Area C 'is being filled with rubble.'

Lafarge Mal¬aysia vice-president Mariano Garcia maintained that Areas C and D were out of the mining plans. He said that he did not know of the evacuation notices, but that monks and temple staff had entered the quarry site and verbally abused his workers. He also said Lafarge Malaysia had been trying to meet the Forest Research Institute Malaysia (FRIM) to no avail.

Malaysia: Tasek Corp reported a 7.1% drop in earnings to US$6.4m in the third quarter of 2014 amid stiff competition. Earnings declined despite a 3.3% rise in revenue to US$44.4m during the three month period. Tasek said that it suffered lower margins from the cement segment due to intense price competition on the market. For the nine months to the end of September 2014, earning were 16.3% higher at US$23.2m, with revenue climbing by 14.5% to US$144m. Tasek said that the outlook for the fourth quarter of 2014 was expected to remain positive.

Vietnam: In the first seven months of 2014, Vietnam earned US$563m from the export of 13.1Mt of clinker and cement, a 24% rise year-on-year in value terms and a 20.4% increase in terms of volume. Indonesia, Taiwan and Malaysia were the largest importers of Vietnamese clinker and cement in this period, according to the Vietnamese Ministry of Industry and Trade.

Indonesia imported 1.42Mt of clinker and cement (worth US$69m), Taiwan bought 0.86Mt (US$37.6m) and Malaysia purchased 0.7Mt (US$34.7m). Cambodia was fourth with 0.29Mt (US$15.6m).

Vietnam's domestic cement sales are expected to rise by 9% year-on-year to between 49 - 50Mt in 2014, while cement and clinker exports are likely to hit 16 - 20Mt. The country exported 15Mt in 2013.

Malaysia: Scientists have discovered a new snail species on a limestone hill known as Kanthan in Malaysia. They have named the species, which is only 2-3mm in diameter, 'Charopa lafargei,' after Lafarge Malaysia, the cement producer that owns the hill.

As Kanthan is the only place that this species has been observed, Charopa lafargei was immediately classed as 'critically endangered' in the IUCN Red List for Endangered Species. This means that its future is effectively in the hands of Lafarge, which purchased the hill to make cement. The scientists decided to name the snail after Lafarge for this reason, although it is not clear if or how the name will affect the future actions of the producer.

"I'm not aware of a species threatened with extinction that has been given the name of the company that can determine whether it goes extinct or survives," said Tony Whitten from Fauna & Flora International.

The new snail is not the only endemic species found on the hill. Kanthan is also home to nine plant species that are on Malaysia's Red List of Endangered Plants. One critically endangered spider, one gecko and two other snails that are also found only on Kanthan.

Malaysia: Tasek Corp Bhd has announced a net profit of US$9.7m in the second quarter of 2014, an increase of 42.5% from a net profit of US$6.8m in the same quarter of 2013. Its revenue was 20.8% higher year-on-year at US$53.6m, compared with US$44. The company said that the higher revenue was mainly due to higher demand for cement in Malaysia, with its concrete and aggregate units performing less well.

For the six months to 30 June 2014, Tasek's net profit climbed by 28.7% year-on-year to US$17.6m from US$13.6m in the same period in 2013. Revenue grew by 20.3% to US$104m from US$86.1m a year earlier.

"The ongoing government projects under the Economic Transformation Programme such as the MRT (mass rapid transit) and LRT (light rail transit) line extension projects, are expected to continue to lead the construction sector's growth in the remaining months of 2014," said the company in a statement to the Malaysia Bourse. It anticipates that its performance will 'continue to be positive' in the third quarter of 2014.

Malaysia: Christian Pfeiffer has received the order to erect a turnkey cement grinding plant, including silos and packing facility, for Caha Mata Sarawak (CMS) in Kuching, Malaysia. The related contract was signed on 23 June 2014. The Euro36m order comprises engineering, fabrication and supply of the entire equipment including electrical and control equipment, installation and commissioning of the grinding plant as well as the complete construction work and layout of roads. The grinding plant has a designed capacity of 1Mt/yr of cement.

The delivery includes a two-chamber ball mill with slide shoe bearing, two 10,000t silos, two big bag loading stations and a packing and palletising installation for truck loading with a capacity of 3,000 bags/hr. One of the silos is equipped with a one-chamber system. The other one with a two-chamber system. The specific energy demand of the entire grinding plant is less than 40kW per tonne of cement. The construction work will start in July 2014 and completion and commissioning are scheduled for summer 2015.

Germany: Gebr. Pfeiffer has announced new orders for mills in Turkey, Iraq and Malaysia.

In Turkey, Bilim Makina has ordered four mills for a cement plant in Elazig. The order covers an MPS 250 BK roller mill with a drive power of 500kW for coal grinding and two safety shut-off dampers. The mill is designed to yield 35t/hr of petroleum coke, with the material being ground to a fineness of 3.5% R90 µm. A MPS 5000 B mill will be used for cement raw material grinding. The mill featuring a drive power of 3800kW will be capable of producing 470t/h of cement raw material ground to a fineness of 12% R 90µm. Two MPS 5000 BC vertical roller mills will be used for cement grinding. Each of the mills features a drive power of 4400kW and will grind 200t/h of Ordinary Portland Cement with a specific surface of 3400cm²/g acc to blaine. All four mills are scheduled to be delivered in the spring of 2015.

In Iraq, Sinoma Suzhou Construction, acting as general contractor, has ordered two MVR 6000 C-6 cement mills. The two MVR cement mills will come equipped with a conventional drive with an installed power of 6000kW. They will grind various cement qualities to the required fineness degrees between 3600 - 5500cm²/g depending on the product type, achieving capacities of 132 - 210t/hr. The cement mills are scheduled to be delivered at the end of 2014.

In Malaysia, Sinoma subsidiary Tianjin Cement Industry Design & Research Institute (TCDRI) has ordered one MPS 2800 BK coal mill for YTL Cement. Featuring an installed power of 700kW, the coal mill will be grinding 35t/hr of a sub-bituminous coal with a total moisture content of 25% to a product fineness of ≤10% R 90µm. The delivery of the mill is scheduled for the end of 2014.

Malaysia: Cement Industries of Malaysia Bhd (CIMA), a wholly-owned subsidiary of UEM Group Bhd, is set to be the first cement manufacturer in the country to use tyres and biomass waste as an alternative source of fuel.

CIMA managing director Mohd Yusri Md Yusof said that the company has installed an alternative fuel combustion system from Japan's Taiheiyo Engineering Corporation, which will allow the company to use tyres and biomass waste such as palm kernel shell and empty fruit bunch (EFB) as an alternative source of fuel.

"The move makes CIMA the first cement manufacturer in the country with this technology," said Yusof. He added that using waste as alternative fuel for cement production ensures that waste materials are reused in a responsible manner instead of being disposed of in landfills.

"With this state-of-the-art technology in place, we can reduce energy costs through the utilisation of tyres and biomass up to a maximum of 30%, while at the same time playing an active role in reducing our carbon footprint," said Yusof.

Meanwhile, Plantation Industries and Commodities minister, Douglas Uggah Embas, said that the Malaysian government has identified biomass as one of the growth areas towards creating wealth from waste. "The National Biomass Strategy 2020 outlines the framework and the potential of the biomass in creating higher value-added economic activities. The National Biomass strategy envisages a potential contribution of Gross National Income of US$9.16bn by 2020," said Embas.