The World Cement Association has announced that it is welcoming YTL Cement to its international membership. The company is one of the largest and most profitable manufacturers of cement, ready-mix concrete and construction aggregates in Malaysia. It will join as a Corporate Member.
The WCA now boasts a network of 75 members and representatives that cover 34 countries.
YTL’s main facility is a state-of-the-art cement plant with an installed capacity of one million t/a, making it the largest in the East Coast of Peninsular Malaysia. It has additional operations overseas with Jurong Cement Limited in Singapore and with Zhejiang Lin'an Jin Yuan Cement Co Ltd in China.
The company is also the largest ready-mix concrete company in Malaysia, with over 500 mixers.
“We are please that a leading player in the rapidly expanding Malaysian cement industry is joining our global network,” said Ian Riley, WCA CEO. “We are looking forward to working together with such an important business to promote and strengthen the goals of the global cement industry.”
YTL Cement is a subsidiary of YTL Corporation, a Malaysian infrastructure conglomerate with a strong foundation in construction and construction-related industries. The parent company has extensive operations in countries including Malaysia, the United Kingdom, Singapore, Indonesia, Australia, Japan, Jordan and China and total assets of RM77.0 billion (US$ 18.3 billion).
YTL has received widespread recognition for its achievements and has come out on top in numerous surveys over the years, including awards from The Far Eastern Economic Review, Asia Week, CIO Asia and Finance Asia.
"YTL Cement is excited to be part of this esteemed international network of cement producers. We look forward to the mutual sharing of best practices through the platform that WCA provides and contributing to its development, particularly in Asia region" says Michael Yeoh Sock Siong, Executive Director of YTL.
YTL was established in 1955 and is among the largest companies listed on Bursa Malaysia Securities Berhad (the Kuala Lumpur stock exchange) and is a component of the FTSE Bursa Malaysia Mid 70 Index.