Global Cement
Unmatached fuel flexibility with Pyrorotor - KHD
Online condition monitoring experts for proactive and predictive maintenance - DALOG
Cut your energy costs with our high-performance lubricants and services - Kluber Lubrication
Optimizing your cement plant. Empowering your team. CemAI - Cement Intelligence
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
News Borneo Oil to acquire further 22% stake in Makin Teguh

Borneo Oil to acquire further 22% stake in Makin Teguh

Written by Global Cement staff 18 May 2022
  • Print

Malaysia: Investment holding company Borneo Oil has concluded a deal with MT 23 Resources for the acquisition of a 22% stake in Makin Teguh.The deal will bring Borneo Oil's total holding in the cement company to 38%. Makin Teguh is in the process of establishing an integrated cement plant in the state of Sabah.

Borneo Oil said “There is synergy between the group's existing limestone quarrying business operations and Makin Teguh's clinker and cement plant. The outlook for Sabah's clinker and cement industry is favourable, given the high cement prices in Sabah compared with the rest of Malaysia and its proximity to the East ASEAN Growth Area." It added “The Covid-19 shutdowns in 2020 and 2021 created an unprecedented urgency for Sabah to become more self-reliant in various sectors of economic importance. Sabah can no longer afford to rely on 100% imported clinker and cement, and, therefore, the setting up of a clinker and cement plant in Sabah is timely.”

Last modified on 18 May 2022
Published in Global Cement News
Tagged under
  • Malaysia
  • Borneo Oil
  • Acquisition
  • Makin Teguh
  • Plant
  • coronavirus
  • GCW557

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

Related items

  • JK Cement board approves acquisition of Toshali Cements
  • Adani Group completes prepayment of loans for acquisition of Holcim India
  • Sanghi Cement receives further offers to acquire stake
  • Abra Holdings offers to acquire 15% stake in Oman Cement
  • Shiva Cement commissions Sundergarh cement plant
back to top
P84 HT filter bags ensure the best filtration performance - Evonik - Leading Beyond Chemistry
Original Services - Flender
“Chains
Cement industry - Reliable & cost saving lubricants - Creative value all along your process - TotalEnergies - Find out more
AI Modules - The Kima Process
Loesche - Innovative Engineering
Airscape - The new sealing standard for transfer points in conveying systems
“Register
Acquisition Cemex China CO2 concrete coronavirus Export France Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Mexico Nigeria Pakistan Plant Product Production Results Russia Sales Sustainability UK Upgrade US
« June 2023 »
Mon Tue Wed Thu Fri Sat Sun
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30    



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Services
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Register
  • Trial subscription
  • Contact
  • Conferences & Webinars >>
  • Global Ash
  • Global CemBoards
  • Global CemCCUS
  • Global CemEnergy
  • Global CemFuels
  • Global CemPower
  • Global CemProcess
  • Global CemProducer
  • Global Cement Quality Control
  • Global CemTrans
  • Global ConChems
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • African Cement
  • Asian Cement
  • American Cement
  • European Cement
  • Middle Eastern Cement
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2023 Pro Global Media Ltd. All rights reserved.