Follow us on Twitter Find us on Facebook

YTL CORPORATION

YTL SUSTAINABILITY

UTILITIES
YTL POWER INT.

CONSTRUCTION
YTL CONSTRUCTION

MANUFACTURING
YTL CEMENT

PROPERTY DEVELOPMENT
YTL LAND & DEV.

REIT
YTL HOSPITALITY REIT
STARHILL GLOBAL REIT

TECHNOLOGY
YTL E-SOLUTIONS

COMMUNICATIONS
YTL COMMS.
YTL BROADBAND

EDUCATION
YTL FOUNDATION
FROGASIA
FROG EDUCATION LIMITED

TRANSPORTATION
EXPRESS RAIL LINK

CARBON CONSULTING
YTL-SV CARBON

ENTERTAINMENT
KL PAC

RESTAURANTS
LOT 10 HUTONG
FEAST VILLAGE
SHOOK! SHANGHAI

SHOPPING
L0T 10 SHOPPING CENTRE
STARHILL GALLERY
WISMA ATRIA
NGEE ANN CITY
RENHE SPRING ZONGBEI
DAVID JONES
MYER CENTRE ADELAIDE
PLAZA ARCADE

HOTELS & RESORTS
YTL HOTELS

ADVOCACY PROJECTS
YTL CCW
EARTH HOUR

REWARDS
YTL PLATINUM PLUS


YTL Cement acquires 32.10% stake in Perak-Hanjoong Simen

   
From left: Choi Ir-Ju, Chief Representative South-East Asian Countries, Industries & Construction Co. Ltd, Gopeng Berhad Executive Director Hasan Ameer Ali, YTL Cement Managing Director Tan Sri Francis Yeoh, Doosan Heavy Industries & Construction Executive Vice President & CFO Sung Hee Lee and YTL Cement Director Dato' Michael Yeoh at the signing ceremony.

Kuala Lumpur, 16 July 2004

YTL Cement Berhad (YTL Cement) announced today that it had entered into sale and purchase agreement with Doosan Heavy Industries Construction Co. Ltd. (DHI) of Korea, to acquire a 32.10% stake in Perak-Hanjoong Simen Sdn Bhd (Perak-Hanjoong), for a total cash consideration of RM75.250 million (US$19.803 million)(the "Proposed Acquisition”).

Perak-Hanjoong is the second largest integrated cement producer in the country with a 16% share of the domestic cement and clinker markets. Operating two plants located in Padang Rengas, Perak, Perak-Hanjoong has a plant capacity of 3.0 million metric tonnes (MT) per annum for clinker and 3.4 million MT per annum for cement, both of which are manufactured for local and export markets. The company also has a cement depot and packing plant in Batu Caves, with an annual capacity of 600,000 MT.

Perak-Hanjoong’s products are marketed under the trade name “Camel”.

The Proposed Acquisition will enable YTL Cement to develop and expand its presence and market share in the cement industry. The investment in Perak-Hanjoong is an opportunity to invest in an operating asset that has garnered substantial market share in a competitive industry.

YTL Cement Managing Director, Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping said, “Perak-Hanjoong and YTL Cement have a long-standing and mutually beneficial business relationship.?The Proposed Acquisition will further cement this partnership and is well in line with YTL Cement’s policy of pursuing expansion opportunities as they arise and enhancing operations in niche markets, whilst further developing and enhancing a proven strategy of producing high-quality products and improving customer service and the efficiency of our distribution networks.”


Information on Perak-Hanjoong Simen Sdn Bhd

Perak-Hanjoong is principally involved in the manufacture and sale of cement and clinker for local and export markets, with a current plant capacity of 3.0 million MT per annum for clinker and 3.4 million MT per annum for cement.

Perak-Hanjoong currently operates two plants situated in Padang Rengas in Perak Darul Ridzuan. Plant 1 is located on an 82-acre site at the foot of a limestone range outside Padang Rengas and was completed in October 1996 on a turnkey basis by DHI, with commercial production commencing in April 1987. Plant 1 has cement and clinker production capacities of 1.6 million MT per annum and 1.4 million MT per annum respectively.

Perak-Hanjoong subsequently embarked on an expansion programme to increase its production capacity through construction and installation of a second cement plant (Plant 2), adjacent to the existing plant. DHI was also the contractor for Plant 2. Plant 2 was completed and commenced commercial operations in the second half of 2002, with a production capacity of 1.8 million MTN per annum for cement and 1.6 million MT per annum for clinker.

Perak-Hanjoong’s market share for 2003 was 16% based on its clinker and cement sales, making it the second largest integrated cement producer in the country.


Information on YTL Cement Berhad

YTL Cement Berhad is one of the nation’s largest producers of ready-mixed concrete and operates cement and slag grinding facilities in key locations, West Port, Port Klang and Pasir Gudang, Johor. YTL Cement also owns a 100% stake in Pahang Cement Sdn Bhd, the only integrated cement plant located in the eastern corridor of Peninsula Malaysia.

YTL Cement has also won a number of awards for its commitment to a long-standing policy of enhancing shareholder value, such as the Smart Investor–KPMG Malaysia Annual Shareholders’ Value Award and the Forbes Global 200 Best Under a Billion companies.

The YTL Cement Group contributes significantly to the industry’s infrastructure and construction works. These include several large scale projects such as the Express Rail Link, roadbuilding works, bridges, infrastructure works, port facilities, residential housing projects and hospitals.

The Group’s renowned range of products and brand names include Slagcem, SRC (sulphate resisting cement), Marinecem, Orang Kuat and Dragon.



Back
  23 October 2017
5:20:51 PM
Yeoh family donates RM8mil to charity  
 
  24 October 2017
11:37:12 AM
【杨忠礼逝世】3千人出席缅怀  
 
  24 October 2017
11:28:44 AM
达官显要各界好友吊唁 逾千人送别杨忠礼  
 
  23 October 2017
3:25:05 PM
Yeoh Tiong Lay laid to rest; 1,000 mourners attend funeral  
 
  23 October 2017
3:14:46 PM
YTL’s family members donate RM8m to 50 organisations, schools and associations in memory of late founder  
 
  23 October 2017
10:48:03 AM
YTL founder Yeoh Tiong Lay laid to rest  
 
  23 October 2017
10:43:47 AM
Final journey for YTL Corp founder Yeoh Tiong Lay  
 
  24 October 2017
1:01:34 PM
【杨忠礼逝世】 杨忠礼对金门有贡献 朱俶贤:受当地人敬佩  
 
  21 October 2017
11:31:40 AM
'Dad was quiet, humble yet had true grit'  
 
  23 October 2017
2:48:18 PM
Official statement by Puan Sri Tan Kai Yong  
 
 
 

Contact Us | Newsletter | Career | Privacy Policy
Twitter | Facebook
 
Terms, Conditions and Disclaimers
Copyright © 2001 - 2017 All rights reserved.
Powered by YTL e-Solutions Bhd.