market share

 
 

Oil kings threatened by rivals rethink age-old pricing habit

SINGAPORE, Jan 19 — Uneasy lies the head that wears a crown in the world’s biggest oil market. Middle East producers who for decades reigned as the undisputed leaders of oil sales to Asia are sensing a threat to their dominance, which is…


CCM shares up on news to reactivate Pasir Gudang plant

PETALING JAYA: Chemical Company of Malaysia Bhd's (CCM) share price rose two sen or 0.93% this morning, after its subsidiary CCM Chemical Sdn Bhd (CCMC) approved the reactivation of its Pasir Gudang Works 1 plant, in a bid to grow its chlor-alkali business.

As at 10.31am, the stock stood at RM2.18 with 63,400 shares changing hands. CCM has a market capitalisation of RM360 million.

Yesterday, the group said the plant reactivation is expected to increase the production capacity for chlor alkali products by about 50% and thereby increasing CCMC's market share in the chlor-alkali products.

The reactivation will cost the group RM68.5 million, which also includes equipment purchase and installation cost.


Amazon has a plan to become profitable. It’s called advertising

NEW YORK, Jan 19 — For more than two decades, Jeff Bezos has famously sacrificed profit for growth, persuading Wall Street that Amazon.com Inc. was best served pouring money into the logistical nuts and bolts that have turned his company into…


CCM to reactivate Pasir Gudang plant

PETALING JAYA: Chemical Company of Malaysia Bhd’s (CCM) wholly owned subsidiary CCM Chemical Sdn Bhd (CCMC) has approved the reactivation of its Pasir Gudang Works 1 plant, in a bid to grow its chlor-alkali business.

The group’s board of directors said in a Bursa Malaysia filing that the reactivation will cost the group RM68.5 million, which also includes equipment purchase and installation cost.

The project is expected to begin in the first quarter of this year and scheduled for completion in the second quarter of 2019, with a project duration of 18 months. It will be funded by a combination of internal and external funds.

“The reactivation of PGW1 is expected to increase the production capacity for chlor alkali products by about 50% and will potentially fill in the gap in the market which is currently filled by imports and thereby increasing CCMC’s market share in the chlor-alkali products,” the group said.

The move will also enable CCMC to shorten its lead time and ensure a lower cost while increasing its production capacity, while also putting it in a better position to take advantage of the current market demand.

CCM’s shares remained unchanged at RM2.16 with some 779,700 shares done.


Chemical Company of Malaysia to reactivate Pasir Gudang plant

PETALING JAYA: Chemical Company of Malaysia Bhd’s (CCM) wholly owned subsidiary CCM Chemical Sdn Bhd (CCMC) has approved the reactivation of its Pasir Gudang Works 1 plant, in a bid to grow its chlor-alkali business.

The group’s board of directors said in a Bursa Malaysia filing that the reactivation will cost the group RM68.5 million, which also includes equipment purchase and installation cost.

The project is expected to begin in the first quarter of this year and scheduled for completion in the second quarter of 2019, with a project duration of 18 months. It will be funded by a combination of internal and external funds.

“The reactivation of PGW1 is expected to increase the production capacity for chlor alkali products by about 50% and will potentially fill in the gap in the market which is currently filled by imports and thereby increasing CCMC’s market share in the chlor-alkali products,” the group said.

The move will also enable CCMC to shorten its lead time and ensure a lower cost while increasing its production capacity, while also putting it in a better position to take advantage of the current market demand.

CCM’s shares remained unchanged at RM2.16 with some 779,700 shares done.


Health-conscious Nestle sells US candy to Ferrero for US$2.8b

LONDON, Jan 17 — Swiss food group Nestle has agreed to sell its US confectionery business to Italy’s Ferrero for US$2.8 billion (RM11 billion), it said yesterday, marking CEO Mark Schneider’s first big sale and a small step on its path towards…


Top Glove set to be world’s largest surgical glove manufacturer

KUCHING: Top Glove Corporation Bhd (Top Glove) is set to be the world’s largest surgical glove manufacturer as the group’s long-awaited acquisition of Adventa Capital Pte Ltd’s (Adventa) surgical glove unit Aspion Sdn Bhd (Aspion) is finally materialising. In a Bursa filing last Friday, the group announced that after exclusively negotiating with Adventa since November […]


Airbus wins 2017 order race after last-gasp sales spree

PARIS, Jan 15 — Frenetic selling in the closing weeks of 2017 saw Airbus overhaul Boeing’s recent lead in the global jet market to win their annual order contest for a fifth year in a row, though doubts remain over the future of its flagship…


Tan Chong Motor making a comeback

Tan Chong Motors

However, Bloomberg data showed that the majority of analysts are still neutral as there are six “hold” calls on the stock versus two “buys” and one “sell” rating. (Edaran Tan Chong Motor (Tengah) Sdn Bhd staff Tanusha Chandran, holding a pamplet of 7 years unlimited warranty at the Nissan showroom at Jalan Kemajuan in Petaling Jaya inconjunction with upcoming CNY celebration. – IZZRAFIQ ALIAS / The Star.) PETALING JAYA: Tan Chong Motor Holdings Bhd, the laggard among auto stocks, is regaining investor interest on the back of a potential turnaround inRead More


Singapore smashes bunker sales volumes in 2017, third straight record year

SINGAPORE, Jan 13 — Singapore posted record sales volumes of marine fuels for the third straight year in 2017, even as the city state revamped the market last year leading to stiff competition and margin erosion. Singapore last year sold an…