W.e.f 22nd July 2016 **while stock quota is available.
Additional discount for cement RM 0.70 per bag for Central and Northern Region.
Selling at RM 13.30 per bag delivered.
Minimum order quantity 400 bags
Selamat Hari Raya !
Wishing all Muslim Selamat Hari Raya Aidilfitri,
Maaf Zahir & Batin.
Logistics.
Heavy vehicle ban will take effect on 2&3 july and 9&10 july 2016.
'Steel industry faces regression, safeguard duty is essential’
By Chester Tay / The Edge Financial Daily | June 23, 2016 : 9:22 AM MYT
This article first appeared in The Edge Financial Daily, on June 23, 2016.
KUALA LUMPUR: Ann Joo Resources Bhd group managing director Datuk Lim Hong Thye has warned that the Malaysian steel industry is facing a regression and safeguard duty is essential to promote healthier growth in the future.
“Malaysia’s steel industry is regressing. A lot of steelmakers have regressed to become a re-roller, where they actually import billets from China,” he said.
Lim said that the import of long steel products from overseas at artificially cheap prices is affecting the local upstream players’ profitability.
“The whole industry is not able to progress when steelmakers are not able to make money. Even at Ann Joo, we have told the government that we are stopping our phase two development at our production plant in Prai (Penang),” he said.
Moreover, Lim is concerned that an acute shortage of steel supply would occur similarly to that in March and April this year, if Malaysia continues to rely on imports.
He views that the dependence on cheap imported China steel products would make the local steel industry vulnerable to China’s inconsistent supply.
“We all know by the second half of this year, a lot of infrastructure projects are going to start in a big way, so it is very important to have a consistent supply [of long steel products],” he said.
China steel vendors cancelled their export orders in March and April after its government announced measures to curb domestic capacity. The curb sent China’s domestic steel prices up by 54% to 3,150 yuan (RM1,932) per tonne on April 26, from just 2,042 yuan per tonne on Jan 4, 2016.
“These imports are predatory in nature, and they cause no long-term benefit, they are [also] going to harm the industry and make us less competitive. If we allow these imports to continue to disrupt the local industry, the progress of these infrastructure projects will be affected by China,” Lim warned.
The international trade and industry ministry late last month initiated a safeguard investigation on steel concrete reinforcing bars, steel wire rods and deformed bar-in-coils, after it received petitions that alleged the increase of imports.
Lim said that it is crucial for the government to play a role in protecting Malaysia’s steel industry from irrational competition from cheap imports.
“It is not that the local industry is inefficient, and we are not taking any government grant. What we have is just tax exemption, which also means that we need to make money in the first place. What is the point of having bulk of tax credit without any profit?,” he said.
“Ultimately, this is a decision the government needs to make. Do we want to be an importer, or we still view the steel industry as a strategic industry in Malaysia?” he said.
LAFARGE
15 Apr 2016 Steel Global steel demand, trend
Global steel demand in 2016 is expected to fall by 0.8%, following a 3% decline in the previous year, according to the World Steel Association’s short range outlook. That decline would confirm the generally gloomy prognosis for steel companies. But take China, which accounted for 44.8% of demand in 2015, out of the equation and the picture changes a bit.
Global demand ex-China is actually forecast to rise by 1.8% in 2016. The developed world is picking up some of the slack, after a bad year. The main work is being done by the Nafta (North American Free Trade Agreement) countries—the US, Canada and Mexico—where demand declined by 8.4% in 2015 but is expected to grow by 3.2% in 2016. Sure, a low base could also have helped. In addition, demand for steel in emerging economies ex-China is expected to grow by 1.8%.
The good news is that some parts of the steel consuming world are doing well but a major part, China, is not in good shape. Since China is also a major steel producer, it is happy to ship surplus steel to faraway lands even if it means hobbling prices everywhere.
That circle appears to be turning. Earlier in March, a steady and substantial increase in iron ore prices helped support steel prices too. Fears of that being a short-lived rally proved right when prices fell but they bottomed out in April. Imported iron ore into China is back at $60 a tonne. News reports say China’s steel producers are buying better quality imported ore instead of domestic ore. That is pushing up prices even as its steel production is declining.
Iron ore prices are a benchmark to set steel prices and when they increase, usually steel prices increase too. That in turn benefits steel companies worldwide. It would be hazardous to assume this happy state of affairs will continue all through 2016. The risks can be an increase in the supply of iron ore/steel or slower-than- expected economic growth in the countries forecast to pull up steel demand.
For now, steel producers seem to be in a better place than they were in 2015. Indian companies are already seeing some benefits of rising prices and domestic measures to protect them from cheap imports. That has resulted in their shares steadily rising in the latter part of the March quarter. The first test for these rising expectations will be their financial results for the quarter.
source: http://www.livemint.com
- See more at: http://www.metaljunction.com/news/newsdetail/Global-steel-demand-ex-China-may-improve_1#sthash.1Hg1hwMX.dpuf
Thursday 24th March 2016
Cement selling price RM 13.00 per bag for Perak region.
Cement selling price RM 14.25 per bag for Selangor and Federal Territory region
Please fax purchase order to Kinson Marketing Sdn Bhd office at fax 05-2418866 before 4pm on 24th March 2016.
Thank you.
Detailed Profiles of Speakers:
Dato Peter Ng
Founder & Chairman of UCSI Group, a conglomerate that operates in education, consultancy, healthcare, hotels, property and technology. The Group began with education as its niche when Ng founded UCSI University in 1986. The Group is currently developing an integrated education and healthcare township in Springhill, Negeri Sembilan. Dato Ng also works closely with Prof W. Chan Kim – the world-renowned business strategist – in establishing the Blue Ocean Strategy Regional Centre for the Asia Pacific region. Recipient of the Business Leadership Excellence Award 2015 by World Leadership Congress & Lifetime Achievement Award 2014 for Leadership in Education by World Chinese Economic Forum, among many others.
Datuk Dr Edward Ong
Founder & Director of Sutera Harbour Resort, a world-class, iconic resort in the heart of Kota Kinabalu, Sabah, Malaysia. Completed projects also include The Singapore General Hospital, Apollo and Adelphi Hotels, Regency Park Condominium and civil engineering works in 3 MRT Stations. The group operations also cover projects and assignments in Malaysia, Burma and the Commonwealth of the Northern Mariana Island – Saipan and Guam. Currently, Datuk Ong is embarking on a new journey of faith to develop a USD300 million integrated resort in Dili, Timor-Leste, complete with a 492-room hotel, golf course, hillside villas, a business park and condominiums which will provide training and a chance of a better life to the locals.
Mr David Ong
David, with his wife, Serene, founded Reapfield Properties, one of the leading Real Estate agencies in Malaysia today, and an anchoring brand name in the industry. He believes in doing honorable business, business with integrity. David is also Chairman of World Teach Malaysia and a board member of FCCI. As a follower of Christ, David has a strong passion for the Mens Ministry and discipleship here in Malaysia. He received Jesus Christ as his Lord and Saviour in his teenage years, at a point when he was bound by drug addiction. It was through the power and the grace of God that David experienced deliverance from this bondage and has never looked back.
Mr Loke Pak Chee
Pak Chee spent over 40 years in the construction industry in Singapore, Malaysia, Vietnam, the Northern Mariana Islands & Guam, overseeing construction works in a diversity of projects. In the last 12 years of his career in the industry, he had been mainly involved in resolution of construction-related disputes. He is currently the Secretary of the International Christian Mission (Singapore), a mission organization that mobilizes marketplace people to participate in short-term missions overseas. He is also serving in the Boards of Development and Mission in the Anglican Diocese of Singapore. His primary mission fields are located in Cambodia, Central Asia and along the Thai-Burmese border with the Karen people.
Mr Lim Kah Hooi
National Director of FCCI Malaysia. FCCI has the vision to transform the world through Christ, one company leader at a time. Kah Hooi worked for nearly 20 years in big American Multinationals. In the last 19 years he has been involved in coaching and mentoring CEOs and business owners in Malaysia. He currently worships in Damansara Utama Methodist Church (DUMC), Petaling Jaya, where he heads the Marketplace Ministry. Today, FCCI has business groups in Kuala Lumpur, Seremban, Penang, Johor Baru and Ipoh.
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Please contact Weil Hotel (05-208 2228) directly. Room rate is approx. RM300 for a deluxe room.
Join us to find out.
Please scroll down to the bottom for information on registration. Closing date for registration: 15/2/2016
Forum Registration
1. Please pay to FCCI (M) Sdn Bhd and print the payment receipt (Maybank acct no: 562898101159)
2. Write your name on the payment receipt.
3. Print the attached Forum Registration Form, complete and fax it with your payment receipt to 05-2433002 or email to fcci.ipoh@gmail.com
4. To register online, go to Forum Registration Form
All registrations must include proof of payment.
For enquiries, call 012-5158824 (Ms Chan)
Outdoor Activities Registration
1. Print the attached Outdoor Activities Registration Form, complete and email it to gopengrainforest@yahoo.com
2. To register online, go to Outdoor Adventure Registration Form
For enquiries, call 012-5107555 (David)
Hotel Room Reservation
Please contact Weil Hotel (05-208 2228) directly. Room rate is approx. RM300 for a deluxe room.
Upcoming Forum 27th and 28th February 2016