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CMS Cement refutes price hike rumours

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World Cement,

CMS Cement Sdn Bhd has refuted rumours of a cement price hike, thereby assuring the strength of the Malaysian property development and infrastructure market.

Dato’ Richard Curtis, Group Managing Director of Cahya Mata Sarawak Berhad, CMS’s parent company, said: “Whenever there is pressure on the financial markets, rumours of price hikes in all materials surface. I am happy to record that CMS Cement has absolutely no plans to increase prices. Due to CMS Cement’s foresight, forward planning and management, we were more than ready to deal with these challenging times, without passing the increased cost of doing business down to our customers.”

“Over the last year, CMS Cement has worked tirelessly to increase our clinker production facility’s efficiency and we have pre-emptively negotiated new more favourable rates for raw materials. These advanced planning steps, combined with our new integrated cement and grinding facility coming online in Mambong, means that despite increased costs, of doing business, we can effectively continue to support the growth and development in Sarawak by NOT having to increase our prices. Our third plant in Mambong increases CMS Cement’s total annual rated cement production capacity by almost 60% to 2.75 million t, well above current local demand of around 1.7 million t, enabling us to meet growing cement demand in Sarawak, including for big projects such as the Baleh Dam and the Pan Borneo Highway.”

“This positive planning by CMS Cement to ensure a reliable supply of quality cement is indicative of the company’s sound business practices, and is yet another example of the company’s unwavering commitment to Sarawak and its sustained economic growth.”

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