Displaying items by tag: Sarawak Economic Development Corporation

Malaysia: YTL Cement and Thailand-based SCG have signed a memorandum of understanding with Innocement, a joint venture between the Sarawak Economic Development Corporation (SEDC) and the Bintulu Development Authority (BDA). The agreement is intended to strengthen the cement supply chain, secure the reliability of supply and stabilise prices in the region, according to the Star newspaper. In January 2023 representatives of the SEDC and the BDA had visited SCG in Bangkok. At this time it was reported that a joint venture between the SEDC and the BDA wanted to import 0.5 – 1Mt/yr of cement from SCG.

Malaysia: The Sarawak Economic Development Corporation (SEDC) and Bintulu Development Authority (BDA) are planning to set up a joint-venture tasked with imported cement into Sarawak due to shortages and high prices. The company intends to import 0.5 – 1Mt/yr of cement from Siam Cement Group (SCG) in Thailand, according to the Star newspaper. Representatives of the SEDC and BDA recently visited SCG in Bangkok.

Cement prices in Sarawk are reportedly 15% higher than in mainland Malaysia and 4% higher than neighbouring Sabah. Supply and pricing issues have adversely affected infrastructure projects in the state. Maintenance at CMS Cement’s integrated Mambong plant south of Kuching and delays in delivering raw materials to its grinding plant at Kuching grinding plant caused further disruptions to cement supplies in late 2022.