Construction Materials & Trading | Corporate Milestones

Corporate Milestones Description

CMS increases stake in OM Sarawak Project

Mar 26, 2015/in Corporate Milestones /by CMSadmin

On 26 March 2015, CMS announced that its wholly-owned subsidiary, Samalaju Industries Sdn Bhd (SISB), entered into a Share Sale Agreement with OM Materials (S) Pte. Ltd. (OMS) for the purchase of an additional 5% equity interest in the Ferrosilicon and Manganese alloys smelting project in Samalaju Industrial Park (SIP).

Under the terms of the Share Sale Agreement, the consideration payable by SISB to OMS for this transfer was USD18.45 million and CMS’ effective interest in the project is 25%; OMS’s effective interest is 75%. The purchase of the additional equity interest reflected CMS’ special focus in businesses that are part of the Sarawak Corridor of Renewable Energy (SCORE), and the Group’s confidence in this smelting project.

CMS 40th Anniversary – Celebrating 40 Years of Transformational Growth

Nov 26, 2014/in Corporate Milestones /by CMSadmin

The CMS story began in 1974 with the company working to establish the first cement plant in Sarawak. In the 40 years since then, CMS has transformed into one of Sarawak’s and Malaysia’s leading listed companies with a synergistic portfolio of businesses strongly focused on Sarawak and the economic opportunities arising from the Sarawak Corridor of Renewable Energy (SCORE). This has occurred in tandem with Sarawak’s own transformation from a State very visibly lagging behind the states of Peninsular Malaysia in terms of development into a State with exciting potential for growth – fuelled by its abundant and largely renewable energy resources, its people, its location and its proactive and stable leadership.

Over the course of CMS’ 40-year history, it has achieved many milestones, and played a key role in Sarawak’s physical and economic development. The CMS 40^th Anniversary coffee table book, which was launched at the CMS 40^th Anniversary Celebration Dinner on 26 November 2014, provides fascinating insights into the rise of CMS and the development of the State of Sarawak in tandem with the growth of the Malaysian economy. View Video

OM Sarawak’s first production achieved

Sep 22, 2014/in Corporate Milestones /by CMSadmin

At around midnight on 22 September 2014, the first phase of commercial production was achieved when the ferroalloys were successfully tapped at around midnight (Sarawak time) at OM Sarawak’s Ferrosilicon and Manganese alloys smelting project in Samalaju Industrial Park (SIP). By the end of 2014, four furnaces were in operation. To mark this historic event, the first ferrosilicon slab to be tapped was removed and is kept in OM Sarawak’s office in SIP as an emblem.

Cement Division signed EPC Agreement for new Cement Grinding Plant

Jan 17, 2014/in Corporate Milestones /by CMSadmin

Cement Division signed the Engineering, Procurement and Construction (EPC) Agreement with Christian Pfeiffer Maschinenfabrik GmbH for the development of a new grinding project at Mambong. The RM190 million integrated plant will have an annual rated production capacity of 1 million MT and will increase cement production capacity by almost 60%.

CMS joins the list of Malaysia’s Top 100 market cap companies

Apr 27, 2013/in Corporate Milestones /by CMSadmin

CMS-Top100 In 2013, CMS increased its Investor Relations (IR) activities which included an increase in shareholder meetings, private meetings with the financial community and participation in investment related conferences. As the senior management had then felt that the company had rationalised its businesses to focus on key competencies within Sarawak and SCORE, there was a genuine story to share with the financial/investment community. The IR initiative proved to be extremely successful, and, before the turn of the year, the Group’s rank went up in terms of Market Capitalisation, becoming one of Malaysia’s Top 100 companies, benefiting its then existing shareholders and also its employees who had held shares via the Employee’ Share Options Scheme (ESOS). Around the same time, CMS started to grow in popularity with the investment community and its IR unit met with representatives (i.e. analysts, fund managers, research houses) from around the globe. CMS’ share price closed at RM6.87 on 31 December 2013; in comparison its share price had opened at RM3.32 at the beginning of the year on 2 January. CMS has since maintained its standing as a Malaysian Top 100 market cap company.