SHAH ALAM: Lafarge (M) Bhd is considering exploring cement export markets in Myanmar, Sri Lanka, Bangladesh, Maldives, Mauritius and other countries around the Indian Ocean.Its President and Chief Executive Officer Bradley Mulroney said Lafarge was selling cement to various countries but would like to emphasise on Peninsular Malaysia as the company has a commitment to the Malaysian government to ensure that it would not have a cement short-supply.
"We must not export and leave Malaysia with a short-supply," he told reporters after the company's annual general meeting today.
Mulroney said Lafarge's plans to venture into new markets were advantageous vis-a-vis other cement exporters as currently the company has 35 concrete plants nationwide.
Three plants were opened in the last four months.
On expansion plans, Mulroney said the company was investing between RM45mil and RM50mil this year to reinvest in the cement business.
He said that another RM300mil would phased out over 18 months to increase cement production capacity to 1.20 million metric tonnes, which has already started.
He also said the progress of the Construction Development Laboratory (CDL) in Petaling Jaya was on track and within the budget. The laboratory is slated for completion in end-June.
The laboratory, the fifth in the world, would focus on developing innovative solutions that are tailored to meet local needs, he added.
Lafarge focuses on cement manufacturing and sale, ready-mixed concrete and related building materials. - Bernama