Scancem signs cement agreements in Malaysia

Scancem signs cement agreements in Malaysia Scancem International has entered into a Memorandum of Understanding with the Malaysian cement company Cahya Mata Sarawak Berhad (CMSB) aiming at the acquisition of 49 percent of the shares in CMSB's subsidiary CMS Cement Sdn Bhd which operates two cement grinding plants in the state of Sarawak on Borneo. Parallel to this, Scancem International and CMSB have also signed a Memorandum of Understanding with Landstone Investment Ltd for the acquisition of all shares outstanding in its subsidiary Sarawak Clinker Sdn Bhd, a producer of cement clinker in Sarawak's capital Kuching. Scancem International is already active in South East Asia with a floating cement import terminal in Bangladesh. It has furthermore been decided to build a cement grinding facility in Bangladesh's capital Dhaka. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/07/30/19990730BIT00180/bit0001.doc http://www.bit.se/bitonline/1999/07/30/19990730BIT00180/bit0002.pdf