PT Indocement - January 2016
Despite cement sales in Indonesia being forecast to rise by around 10 per cent YoY in 2016, increased competition and rising production capacity will have an adverse effect on cement producers’ profit margins, according to Indonesian securities brokerage firm Ciptadana Securities. At least seven new plants are expected to push the country’s installed production capacity to over 90Mta by the end of this year, compared to 77Mta at the start of 2015.