Information of Shareholders of the JV
Asia Cement (Singapore) Pte Ltd (the holding company of Oriental Concrete Pte Ltd) and Supermix Concrete Pte Ltd (a subsidiary of Lafarge Malaysia Berhad) have set up a equal-shareholding joint venture (the JV) to produce and sell ready-mix concrete in Singapore. The strategic alliance through the establishment of the JV will strengthen the partners’ positions in the ready mixed concrete industry and their up stream cement business in Singapore.
Through the integration exercise, the JV will have the best plant network in the market to serve its customers better with additional plants available for future growth. The competitive cost in the JV’s cement terminals, lower over heads and improved cost structure resulting from the merger due to the JV’s size, efficiency and a superior plant network will further enhance the JV’s competitive edge in the industry.
Asia Cement (Singapore) Pte Ltd
Responding to the Taiwan government’s second four-year economic development plan, Asia Cement Corporation (ACC) was founded on March 21, 1957 by Mr. Y.Z. Hsu and others. It built its first manufacturing plant in Hengshan Township, Hsinchu County. In 1973, in response to the government’s call to develop eastern Taiwan, the company established its second plant in Hsincheng Township, Hualien County. Asia Cement and its “Skyscraper” brand cement has always occupied the core position in Taiwan’s cement business. For now, these two plants can produce 5 million tons of clinker annually.
The Company uses the most modern rotary kilns and introduced a waste-heat recycling generator to transform waste heat and hot air into electricity. In addition, for lower cement transportation costs, Asia Cement established storage and transportation facilities in the Keelung, Taichung, Kaohsiung, and Hualien harbor. It also invested in the Group’s U-Ming Marine Transport Co., Ltd., and began using U-Ming’s bulk carriers to transport cement around Taiwan. The Company’s “Three Highs and One Low” strategy, high quality, high efficiency, high environmental protection, and low cost, along with its management capability, have given the company the competitive edge to efficiently face challenges in the market.
The Company believes that economic growth and environmental protection can be achieved in parallel. The company not only deployed eco-friendly equipment, but also made it a priority to re-plant vegetation in the mining areas. Now, with abundant foliage, the plant has been transformed into a beautiful park. In addition to the first certification of ISO-14001 Environmental Management Systems in Taiwan, the Hualien plant received three “Environmental Protection Award” for three consecutive years, and thus was awarded a special honor in 1998. This has set the benchmark in Taiwan’s cement industry, thus making Asia Cement a model business for both economic development and environmental protection.
Besides establishing its core business, it also diversified its investment by establishing Ya Tung Ready Mixed Concrete Co., Ltd. and Ya Li Precast & Prestressed Concrete Industries Ltd. Together with Far Eastern Construction Co., Ltd. and Far Eastern General Contractor Co., Inc., Asia Cement completed its vertical integration.
ACC’s diversification strategic layout for the world not only includes the complete production and sales channels in Taiwan, it also has representative offices in Hong Kong and Singapore. Furthermore, it is also expanding into the world market, exporting cement to North America, Africa, the Middle East and Southeast Asia. Meanwhile, Asia Cement was the first Taiwanese companies to invest in Chinese cement business in 1995. Currently, with the production and sale bases in Jiangxi, Sichuan, Hubei, Yangzhou, and Shanghai, the total cement production capacity in China reaches 22.4 million tons. Asia Cement (China) Holdings Corporation has listed on the Main Board of the Hong Kong Stock Exchange in 2008. Asia Cement (China) Holdings Corporation will continue expand capacity through self-built of new production line or merger & acquisition. In the future, Asia Cement will keep maintaining its deep roots in Taiwan and continue moving forward by expanding in China and worldwide.
Lafarge Malaysia Berhad (LMB)
Lafarge Malaysia Berhad (formerly known as Lafarge Malayan Cement Berhad) is the leader in the Malaysian construction materials industry. Incorporated in 1950, its first cement plant was built in Rawang in 1953.
Lafarge Malaysia Berhad (LMB) is a leader of the Malaysian construction industry, contributing towards Building Better Cities. Its solutions provide cities and townships with more housing, making them more compact, more durable, more beautiful and better connected. Headquartered in the Klang Valley, Lafarge Malaysia has facilities that include three integrated cement plants in Langkawi, Kanthan and Rawang, a grinding station in Pasir Gudang, more than 30 ready-mixed concrete batching plants and 6 aggregates quarries throughout Peninsular Malaysia. These facilities are supported by a wide network of depots, terminals and distribution facilities connected by road, rail and sea.
Lafarge Malaysia Berhad is today the parent of a group of companies in Malaysia and Singapore whose core businesses are in the manufacturing and sale of cement, ready-mixed concrete and other related building materials.
Lafarge Malaysia Berhad is listed on Bursa Malaysia. Fifty-one percent of Lafarge Malaysia's shares are held by Lafarge S.A. via Associated International Cement Limited.
A world leader in building materials, Lafarge S.A. employs 64,000 people in 62 countries, and posted sales of €15.2 billion in 2013. As a top-ranking player in its Cement, Aggregates and Concrete businesses, it contributes to the construction of cities around the world, through its innovative solutions providing them with more housing and making them more compact, more durable, more beautiful, and better connected. With the world's leading building materials research facility, Lafarge places innovation at the heart of its priorities in order to contribute to more sustainable construction and to better serve architectural creativity.
More information is available at www.lafarge.com.