Cemex Malaysia confident of profitable years ahead

(KUALA LUMPUR) — Cemex Concrete (Cemex Malaysia), a leading player in the ready-mixed, aggregates and asphalt industry, is confident of profitable years ahead with over RM4 billion worth of projects in hand.

A major project the company was currently working on is the construction of the RM1.2 billion Tanjung Bin power station in Johor Baharu for Zelan Bhd.

Country Director Fikry El-Kaissouni said compared with Europe, Malaysia had recorded steady growth over the years and the construction industry would continue to boom with the Government Transformation Programme.

“We have increased ready-mixed footprints in Malaysia and right now we are looking at increasing our aggregate footprints. If any opportunities come along for us to enter the cement market, we will definitely jump into that as well.

“Malaysia is a big market for us and what is stopping us from penetrating the cement market here is the opportunity to acquire the right assets for it,” he told Bernama in an interview.

El-Kaissouni also said Cemex Malaysia had over 16 ready-mixed plants in the country, accounting for seven per cent of the market share, and the numbers were likely to increase by year-end.

The company assumed a pivotal role in nation-building over the years, having been involved in key, high-profile projects including the iconic Kuala Lumpur Convention Centre.

Cemex started as a cement factory in Mexico in 1906 and has today grown into a global building materials company providing products and services to customers in more than 50 countries.

By Farhana Poniman
Source:

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