Cement News tagged under: Indocement
Indocement outlines capex to raise capacity20 March 2014, Published under Cement NewsPT Indocement Tunngal Prakarsa, the second-largest cement producer in Indonesia, plans IDR4-4.5trn (US$349m-393m) in capital expenditure to increase capacity and lift market share. Updating stakeholders on the company’s 2013 performance at a public presentation earlier this week, Indocement said it sold 18Mt of cement last year, just 0.5 per cent more than 2012. Its market share dipped to 30.4 per cent from 32 per cent in the previous year, a decline the company attributes to a lack of add... |
Indocement eyes 6% sales growth in 201410 December 2013, Published under Cement NewsIndocement has set a growth target of six per cent next year on the back of new capacity additions and rising domestic demand. In the first nine months of the year, the company increased total cement and clinker volume by just 0.6 per cent per cent. The Citeureup works is adding 1.9Mta of grinding capacity later this year which will boost total capacity to 20.6Mta. It is further adding 4.4Mta of integrated capacity in 2015 in a brownfield project which started construction in October. Two ... |
Indocement sets 2014 capex spend, Indonesia29 November 2013, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, plans IDR4-5trn in capex next year, mostly geared towards boosting the company's production. "Most of it will be used to finance the ongoing construction of our brownfield plant in Citeureup [Bogor, West Java]," Sukanto told a news conference on Thursday. Funds will be sourced from internal cash. The brownfield works will have a capacity of 4.4Mta China-based Tianjin Cement Industry Design and Research Institute will... |
Indocement to raise prices, Indonesia22 July 2013, Published under Cement NewsPT Indocement Tunggal Prakarsa is planning to raise its cement prices in an effort to help offset an increase in subsidised fuel prices. Indocement’s director, Kuky Permana, told local press that increases have not yet been published as the company is still currently working out new prices. The company’s OPC currently sells at IDR54,000/40kg bag (US$5.3) and IDR64,000/50kg bag. The Indonesian government has increased the price of subsidized fuel from IDR4500/l to IDR6500/l for Premium g... |
Indonesia cement sales rise 8.6%, Jan-Apr 201316 May 2013, Published under Cement NewsIndonesian cement sales increased by 8.6 per cent in the four months to the end of April 2013, the latest data from the Indonesian Cement Association (ASI) reveals. Sales for the January-April 2013 period reached 18.12Mt compared to 16.68Mt in the same period of last year. In April 2013 alone, sales also increased by 8.6 per cent to 4.54Mt in April from 4.18Mt in April 2012. The April sales growth showed an improvement on March's rate when sales only advanced by 3.5 per cent – the slowest... |
Indocement gears up to meet rising demand, Indonesia16 August 2012, Published under Cement NewsPT Indocement Tunggal Prakarsa has said it will continue to raise capacity to meet increasing domestic demand with three new factories planned to come on-stream by 2016. The new facilities are to be built in Citereup (West Java), Pati (Central Java) and another outside Java. Construction of the Citereup factory, which will have a capacity of 4.4Mta, will start construction before the end of this year and be completed in 2015. An environmental impact assessment is still being carried out... |
HeidelbergCement05 April 2012, Published under Cement NewsHeidelbergCement's turnover increased by 9.7% last year to €12,901.9m while the EBITDA improved by 3.6% to €2320.7m. At the trading level, the improvement was 3.2% to €1376.6m and the net interest charge was 6.8% lower at €545.8m and the total financial charge fell by 20.7% to €582.4m. This led to a 32.6% increase in the pre-tax profit by to €794.2m. After a virtual quadrupling of the tax charge and a 10.6% increase in minorities, the net attributable profit emerged just 1.6% higher at €348.... |