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Cascadian Asphalt Industries Sdn Bhd
Cascadian Asphalt Industries Sdn Bhd 824365-D
Location:

Johor Pasir Gudang

Business Nature:

Manufacturer

Related Classifieds:

Bitumen

NEWS EVENT - Cascadian Asphalt Industries Sdn Bhd

NEWS EVENT

28-Mar-2011

31 March 2011 :

IT WAS HISTORY THAT MIDDLE EAST HAS CHEAPEST BITUMEN. NOW PRICE IS GLOBALY SAME.

31 March 2011 :

SINGAPORE / MALAYSIA NOW HAS THE WORLD'S BEST BITUMEN WITH THE WORLD'S BEST PACKING OPTIONS .

31 March 2011 :

CASCADIAN INDUSTRIES SDN BHD 100% CONFIRMS TO MAINTAIN STANDARDS

18 March 2011 :

OVER THE PAST THREE TO FOUR YEARS MOST SURFACING CONTRACTORS HAVE SUFFERED LOSSES BECAUSE OF THE FLUCTUATIONS IN BITUMEN PRICES.

13 March 2011 :

THESE DAYS BITUMEN IS NOT A BY-PRODUCT THAT OIL COMPANIES DISCOUNT TO TRY TO GET RID OF. IT IS A GLOBAL PRODUCT PRICED ACCORDING TO THE OPPORTUNITY COST OF REFINING IT FURTHER TO FUEL OIL, DIESEL OR PETROL. THIS MEANS THAT THE PRICE OF BITUMEN IN THE WORLD DEPENDS ON THE PRICE OF BITUMEN AND FUEL OIL IN CHINA, INDIA AND AROUND THE WORLD. CONSEQUENTLY IT IS PROBLEMATIC TO PREDICT BITUMEN PRICE MOVEMENTS IN SIX MONTHS, 18 MONTHS OR THREE YEARS' TIME.

10 March 2011 :

THE CIRCULAR ALSO RECOGNIZED THAT MODIFYING THE FORMULA (OR NOT APPLYING IT UNLESS THE CHANGES IN PRICE FROM ONE MONTH TO THE NEXT WERE SUBSTANTIAL), WAS UNFAIR AND CREATED A RISK PREMIUM OFTEN GREATER THAN THE ACTUAL CHANGES.

5 March 2011 :

WORLD MARKET MAKE MATTERS WORSE BY IMPOSING A 100 POINT CHANGE REQUIREMENT IN THE INDEX FROM ONE MONTH TO THE NEXT BEFORE MARKET FLUCTUATIONS APPLY. THIS IS CLEARLY ARBITRARY AND AGAINST WHAT THE CONTRACTING INDUSTRY HAS ADVISED. IT WAS INTRODUCED UNILATERALLY BY MOST COUNTRIES  WITHOUT ANY CONSULTATION WITH THE INDUSTRY. IRONICALLY, ITS THE SMALL CONTRACTORS THAT REALLY FIND THIS DIFFICULT BECAUSE THEY DO NOT HAVE THE FINANCIAL BACKING TO ABSORB THESE PRICE FLUCTUATIONS.

25 Feburary 2011 :

THE CURRENT FORMULA FOR CALCULATING BITUMEN PRICE MARKET FLUCTUATIONS HAS BEEN OPERATING SINCE THE YEAR 2000. GENERALLY IT HAS OPERATED WELL BUT DURING TIMES OF LARGE PEAKS AND TROUGHS IN RECENT YEARS ITS BEEN FOUND TO BE WANTING. AN ANALYSIS OF THE CALCULATED PRICE CHANGES BASED ON THE REFINERIES FORMULA COMPARED TO THE ACTUAL RISES AND FALLS IN BITUMEN PRICES HAS SHOWN THE FOLLOWING THREE PROBLEMS .

14 Feburary 2011 :

THE EXISTING FORMULA BASED ON THE SINGAPORE HEAVY SULPHUR FUEL OIL (HSFO) INTERNATIONAL MARKER STRUGGLES TO REPLICATE PRICE CHANGES DURING A PERIOD OF MARKET VOLATILITY (PEAKS AND TROUGHS).

10 Feburary 2011 :

HAVING A 40 PERCENT WEIGHTING FOR BITUMEN IN THE RESEALS INDEX IS NO LONGER APPROPRIATE BECAUSE OF THE DIFFERENT TYPES OF CONTRACTS USED. IN REALITY THE WEIGHTING RANGES FROM FIVE PERCENT FOR LARGE CONTRACTS INVOLVING MAINTENANCE REHABILITATION AND RESEALS TO 40-50 PERCENT FOR PURE RESEAL CONTRACTS.

5 Feburary 2011 :

THE ACCURACY OF THE INDEX VARIES SIGNIFICANTLY DEPENDING ON THE PRICE OF BITUMEN AT TENDER TIME AND THE CURRENCY EXCHANGE RATE.

31 January 2011 :

DESPITE THIS WE HAVE FOUND THAT IT IS POSSIBLE TO IMPROVE THE FORMULA FOR CALCULATING BITUMEN PRICE MARKET FLUCTUATIONS BY ADDRESSING THE OTHER TWO PROBLEMS. THIS CAN BE DONE BY:

25 January 2011 :

MOVING AWAY FROM A FORMULA THAT INCLUDES A SPECIFIC WEIGHTING FOR BITUMEN TO VOLUMETRIC. IN ESSENCE, THIS MEANS APPLYING A PRICE ADJUSTMENT TO THE ACTUAL TONES OF BITUMEN USED. THE BEAUTY OF THIS APPROACH IS THAT IT IS VALID FOR ALL CONTRACTS, EVEN THOSE USING ASPHALTIC CONCRETE.

20 January 2011 :

MOVING AWAY FROM AN INDEX APPROACH WHEN CALCULATING THE PRICE ADJUSTMENT OVER A GIVEN TIME PERIOD. INSTEAD, USE THE ACTUAL DOLLAR CHANGE IN BITUMEN COST, (E.G. ) APPLIED TO THE ACTUAL TONES OF BITUMEN USED.

12 January 2011 :

THESE TWO SUGGESTIONS ARE HOW BITUMEN PRICE MARKET FLUCTUATIONS ARE DETERMINED IN THE SINGAPORE AND MALAYSIA . ISNT IT TIME WE DID THE SAME?

Main Office

Cascadian Asphalt Industries Sdn Bhd (824365-D)
754, Jalan Emas 1, Pasir Gudang Industrial Estate, 81700 Pasir Gudang, Johor, Malaysia.

Tel:
Fax:

Email:
Website: http://www.cascadianindustries.com

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