Stockwatch- CIMA (Malaysia)
From 2005 Annual Report:Corporate Profile
Cement Industries of Malaysia Berhad (“CIMA Group” or “the Group”) has been involved in the manufacturing and distribution of cement and related activities since 1975. The Group effectively combines people skills and technological capabilities to become the third largest cement manufacturer in Malaysia, enjoying approximately 17% of the country’s cement market share.
The Group also ventures into international markets, such as Singapore, Indonesia and the Middle East. CIMA was listed on the Main Board of the Bursa Malaysia Securities Berhad (formerly known as Malaysia Securities Exchange Berhad) in June 1984. It became a part of one of the largest construction conglomerate in Malaysia when United Engineers (Malaysia) Berhad (“UEM”) acquired a majority stake of 53.9% in 1990. At present, the Group has staff strength of approximately 1,000 employees. Its subsidiaries, associates and a joint venture company are involved in the manufacturing of cement, limestone and shale quarrying, distribution and sale of cement, production and sale of readymixed concrete, investment
holding, and the manufacture and sale of cement bags.
The Group is divided into three main divisions of Manufacturing, Quarrying and Readymixed Concrete, and Trading. Negeri Sembilan Cement Industries Sdn Bhd leads the Manufacturing Division with its cement plants in Bukit Ketri, Perlis and Bahau, Negeri Sembilan. The two plants combined, make up a total clinker production capacity of 2.8 million tonnes per annum and a total cement production capacity of 3.4 million tonnes per annum, comprising Ordinary Portland Cement (“OPC”), Type II OPC and Masonry Cement.
In the Quarrying and Readymixed Concrete Division, Cimaco Quarry Sdn Bhd provides the required limestone for the Manufacturing Division, whilst Unipati Concrete Sdn Bhd manufactures the readymixed concrete for sale in the Peninsular Malaysia. Pemasaran Simen Negara Sdn Bhd as the Trading Division of the Group, co-ordinates customer-oriented services such as the marketing, selling and distribution of the Group’s cement, under the brand names of ‘Blue Lion’ and ‘NS Cement’.
The Group commands a strong market presence with two strategically located plants in the north and south of Peninsular Malaysia. Moreover, its extensively developed distribution networks of marketing offices and packing depots nationwide, further strengthens the Group’s standings.
OUTLOOK
The Malaysian economy will generally remain favourable in
2006. The strong fundamentals, high domestic demand and
broad-based growth will support the forecast expansion at
above 5% in 2006. Given this scenario as well as the
increasingly competitive business outlook, the Board is positive
about CIMA’s prospects in achieving its performance target
in 2006.
The Ninth Malaysia Plan which has been announced recently
brings positive growth prospects for the country’s economy.
CIMA shall position itself to take advantage of this, with a
view of strengthening its market position. CIMA will concentrate
on the development and enhancement of its capabilities in
the cement and cement related activities.
posted by gsg @ 7:45 PM
1 Comments:
Competitors to fiber cement siding as imitation clapboard include vinyl, wood and (uncommonly nowadays) aluminum siding. Neither vinyl nor most fiber cement siding sold today requires painting. Advantages of vinyl include the fact that it has a lower material cost and is easier to transport than fiber cement siding due to its lighter weight and its pliability. Vinyl siding, however, is more susceptible to fire damage (or melting under extreme temperatures) than fiber cement siding, and can become brittle in cold weather or from long-term solar exposure. Compared to wooden siding, Cement board siding is not susceptible to termites or rot. vinyl log siding
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