Cahya Mata Sarawak Bhd (CMS) is considering a
"significant" expansion of its cement grinding capacity after
deciding to proceed with a joint-venture development of the
billion ringgit ferro silicon smelting plant project at the
Samalaju Industrial Park in Sarawak.
The company did not state how much additional grinding
capacity will be built but it is expected to involve a capital
expenditure of up to 150 mln rgt ($48.48 mln).
The expansion will be located at its plant adjoining its
clinker plant on the outskirts of Kuching.
The company's cement production capacity now stands at 1.75
mln tonnes per year from plants in Kuching and Bintulu, and in
excess of local demand.
The expansion signals a fundamental change in the cement
market in the state and CMS believes the urbanisation and
industrial development in the state will drive up
State pension fund declares 6.15 pct dividend for 2012-New
NOTE: Reuters has not verified these stories and does not
vouch for their accuracy.
($1 = 3.0940 Malaysian ringgits)