Kuala Lumpur, Malaysia (BBN)– Lafarge Malaysia Bhd is considering exploring cement export markets in Myanmar, Sri Lanka, Bangladesh, Maldives, Mauritius and other countries around the Indian Ocean.
Lafarge is 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, President and Chief Executive Officer of the company Bradley Mulroney said on Friday.
"We must not export and leave Malaysia with a short-supply," he told reporters after the company's annual general meeting.
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 RM45 million and RM50 million this year to reinvest in the cement business, according to the BERNAMA report.
BBN/SSR/AD-23May14-3:00 pm (BST)
