Latest news with #CahyaMataSarawakBhd
The Star
2 days ago
- Business
- The Star
Trading ideas: SunCon, Cahya Mata, Aneka, PJBumi, Atlan, Apex, FACB, Prolintas, Green Packet, Oxford Innotech, CLMT, United Plantations
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Sunway Construction Group Bhd said one of its employees is being investigated by the country's anti-graft agency over engagements with unnamed sub-contractors. Cahya Mata Sarawak Bhd 's unit Cahya Mata Cement Sdn Bhd has awarded a RM673mn contract to Sinoma Industry Engineering (M) Sdn Bhd to build a new 6,000-tonnes-per-day clinker line at its Mambong Integrated Plant in Kuching. Aneka Jaringan Holdings Bhd has won a RM72.3mn contract to undertake piling works for a proposed data centre development in Eco Business Park V, Ijok, Selangor. PJBumi Bhd has clinched a contract for the supply of its ADiRA BioReactor technology to process up to 20 tonnes per day of municipal solid waste in Indonesia. Atlan Holdings Bhd is proposing to dispose of its entire issued and paid-up share capital in United Industries Holdings Sdn Bhd to Singapore-based Duty Free International Ltd for RM175mn. Apex Healthcare Bhd climbed to an eight-month high on Monday following news that the founding Kee family could be looking to exit the pharmaceutical company. FACB Industries Incorporated Bhd has received a privatisation offer worth RM134.2mn from Chen Yiy Fon, the son of its late founder. Prolintas Managers Sdn Bhd, the trustee-manager of Prolintas Infra Business Trust , has appointed Mohamad Idros Mosin as its chief executive officer effective Monday (July 21), filling a leadership vacuum that had been managed by an interim executive team since earlier this year. Green Packet Bhd has appointed Datuk Wira Shahul Hameed Shaik Dawood as its new managing director and group chief executive officer, effective Monday. Oxford Innotech Bhd's initial public offering has been oversubscribed by 3.4 times ahead of its listing on the ACE Market of Bursa Malaysia on July 29. Capitaland Malaysia Trust , which reported a 7.3% increase in net property income to RM138.8mn in the 1HFY25, remains positive on its prospects for the second half of this year, but has flagged uncertainties stemming from the expanded sales and service tax and electricity tariffs revision. United Plantations Bhd reported a 34.1% YoY jump in its second quarter net profit to RM249.4mn from RM185.9mn, driven by higher revenue.
The Star
2 days ago
- Business
- The Star
Cahya Mata awards RM673mil clinker line construction contract to Sinoma
KUALA LUMPUR: Cahya Mata Sarawak Bhd 's unit Cahya Mata Cement Sdn Bhd has awarded a RM673 million contract to Sinoma Industry Engineering (M) Sdn Bhd to build a new 6,000-tonnes-per-day clinker line at its Mambong Integrated Plant in Kuching. Cahya Mata said in a filing with Bursa Malaysia today that the project is expected to more than double its subsidiary's annual clinker capacity from 900,000 tonnes to 1.9 million tonnes. "It would also improve the group's cost efficiency and eliminating the need for future clinker imports, which will significantly reduce the carbon footprint in the company's cement production," it said. "The project shall commence in August 2025 and is expected to commence production of clinker by April 2027 and be fully commissioned by June 2027," it said. Meanwhile, Cahya Mata group managing director Datuk Seri Sulaiman Abdul Rahman Taib said the Mambong Clinker Line 2 is a key step in strengthening Sarawak's cement supply chain, boosting capacity, reducing import reliance and ensuring future demand reliability. "Beyond production, it reflects Cahya Mata's commitment to building a modern facility that positions us as possibly the greenest cement producer in the region," he said. Cahya Mata said the facility will feature state-of-the-art technologies to improve environmental performance and energy efficiency, including a waste heat recovery system capable of generating up to six megawatt of power and an advanced dust filtration system designed to reduce dust emissions to more than half of the current regulatory limit. The Clinker Line 2 will also employ high-efficiency equipment to reduce energy use and carbon dioxide emissions, while incorporating locally sourced alternative raw materials and fuels to further limit reliance on fossil fuels. "At peak construction, the project will create up to 500 jobs and generate spillover benefits for local businesses, especially in the Padawan and Kuching area," it said. - Bernama
New Straits Times
2 days ago
- Business
- New Straits Times
Cahya Mata awards RM673mil construction job to Chinese firm's Malaysian unit
KUALA LUMPUR: Cahya Mata Sarawak Bhd's wholly-owned Cahya Mata Cement Sdn Bhd has awarded a RM673 million contract to Sinoma Industry Engineering (M) Sdn Bhd to build a new clinker line at its Mambong integrated plant in Kuching. Cahya Mata, in a filing with Bursa Malaysia today, said the contract involves engineering, procurement, construction and commissioning works for the new 6,000-tonne-per-day clinker line. This will increase the plant's annual production capacity to 1.9 million tonnes. The expansion, scheduled to begin in August and reach full commissioning by June 2027, is expected to more than double the company's current clinker capacity of 900,000 tonnes. "The primary objectives of the project are to be self-sustaining to meet the growing cement demand in Sarawak, currently estimated at 1.7 million tonnes per year, by ensuring a continuous and reliable supply of clinker "This will be achieved by utilising locally available natural resources for clinker production, thereby eliminating the need for clinker importation," it said. Cahya Mata said beyond contributing to regional development, the project is also intended to generate new high-skilled job opportunities. "Operational efficiency will be improved, contributing to a reduction in the overall carbon footprint. "Ultimately, the initiative seeks to ensure long-term sustainability and strengthen Cahya Mata Cement's corporate image," it added. Sinoma Industry, a subsidiary of China's Tianjin Cement Industry Design & Research Institute Co Ltd, brings extensive regional experience and was also involved in the construction of Cahya Mata Cement's existing Line 1, which has been in operation since 1996. Cahya Mata said it has secured all required approvals from key government bodies. This includes the environmental impact assessment from the Department of Environment in Putrajaya and the state planning authority's approval from Sarawak's Ministry of Natural Resources and Urban Development. "The Mambong Clinker Line 2 is a key step in strengthening Sarawak's cement supply chain, boosting capacity, reducing import reliance, and ensuring we can meet future demand reliably. "Beyond production, it reflects Cahya Mata's commitment to building a modern facility that positions us as possibly the greenest cement producer in the region," Cahya Mata group managing director Datuk Seri Sulaiman Abdul Rahman Taib said.
New Straits Times
02-05-2025
- Business
- New Straits Times
Cahya Mata unit to build second clinker line in Sarawak
KUALA LUMPUR: Cahya Mata Sarawak Bhd's subsidiary, Cahya Mata Cement Sdn Bhd, has signed an agreement to develop Clinker Line 2 at its Integrated Cement Plant in Mambong, Sarawak. Construction is expected to begin in the third quarter of 2025, with operations targeted to start by the second quarter of 2027. The project is in the final stage of obtaining regulatory approvals, the group said in a statement today. The new clinker line is expected to increase production capacity to meet growing market demand. Cahya Mata Cement managing director JT Choong said the project reflects the company's commitment to expanding local manufacturing and supporting Sarawak's construction sector. "It reflects Cahya Mata's dedication to building a state-of-the-art plant, generating highly skilled employment, and supporting the construction and development of the state," he added.
New Straits Times
22-04-2025
- Business
- New Straits Times
Cahya Mata Sarawak shielded from external disruptions by extensive know-how in large projects
KUALA LUMPUR: Cahya Mata Sarawak Bhd's extensive local expertise in large scale infrastructure projects will mitigate the company from risks associated in the industry such as price fluctuations, labour availability and potential delays. MIDF Research said potential supply chain disruptions arising from global trade uncertainties, specifically related to the ongoing uncertainties surrounding Donald Trump's tariff policies, represent foreseeable headwinds. "Specifically, the potential influx of lower-priced Chinese construction materials, particularly cement, could pose a strategic challenge to local cement manufacturers, such as Cahya Mata Sarawak. "Historically shielded by relatively stable domestic pricing dynamics, local producers could face heightened pricing pressure and market share erosion due to cheaper imports. "This development may compel this company to intensify efficiency initiatives, tighten operational cost controls, or potentially seek protective regulatory interventions to sustain competitiveness and preserve margins," it said in a note. While the immediate impact is slightly negative, MIDF Research noted that Cahya Mata Sarawak's established market presence and integrated supply network offer some resilience against these pressures. However, its vertically integrated business model - comprising subsidiaries such as Cahya Mata Cement, its concrete division, and the construction materials and trading arm - provides a strong foundation for managing supply chain disruptions and material price volatility. It also said that the company is well-equipped to ensure timely project execution and cost control, even amid global trade-related uncertainties, supported by a robust local supply infrastructure and efficient procurement network. On April 21, CMS Land Sdn Bhd received a letter of acceptance from the Sarawak government to undertake the design and construction of the Borneo Convention Centre Kuching II (BCCK II) in Muara Tebas Kuching. Valued at RM550 million, the contract encompasses a comprehensive scope of work, including foundation, substructure, superstructure, mechanical and electrical installations, fit-out works, testing and commissioning. Construction works commence immediately in April, with scheduled completion by the first quarter of 2028. "This latest contract boosts Cahya Mata Sarawak's order book significantly, further improving earnings visibility over the medium term. The RM550 million award will positively impact the group's financial performance from financial year 2025 (FY25) through FY28," it added. MIDF Research maintained a "Buy" call on the stock with a lower target price of RM1.11.
