PT Indocement - December 2013


PT Indocement has set a growth target of six per cent for 2014 and announced plans to invest IDR4trn (US$334.5m) during the course of the year to boost capacity. According to Tju Lie Sukanto, the company’s finance director, a lack of production growth in 2013 has led to a disappointing performance this year. While the country’s cement industry saw sales growth of 5.4 per cent in 9M13, PT Indocement recorded a 0.2 per cent decline in domestic sales with its market share shrinking from 32.3 per cent in 3Q12 to 30.5 per cent in 3Q13.

To continue reading this story and have 100% free access to the CemNet.com website, please Register for a subscription to International Cement Review or Login