23 May 2013
Lafarge 2013 Results to be Driven by ETP, 10MP Projects
KUALA LUMPUR (MAY23): Lafarge Malayan Cement Bhd is positive on its outlook as it expects its results to be driven by key government infrastructure projects led by the Economic Transformation Programme (ETP) and 10th Malaysia Plan (10MP).
"We are optimistic about the continued growth in demand for building materials and solutions and believe that Lafarge's cement, concrete and aggregates businesses remain strongly positioned in these sectors," said chief executive Bradley Mulroney.
Lafarge is currently the exclusive supplier for the Manjung and Tanjung Bin power plants, KLIA2 as well as two Mass Rapid Transit (MRT) sections along Bangsar and the Sprint highway.
However there is a lag between the award of contracts to construction companies and downstream players like Lafarge, which hopes to bag more jobs as the MRT projects are handed out.
"We believe that our results this year will remain satisfactory," Mulroney told the press following the company's AGM today but he declined to provide a forecast.