Cement News tagged under: Indonesia
PT Indocement28 August 2019, Published under Cement NewsPT Indocement saw its total sales volumes increase by 0.7 per cent YoY to 8.4Mt in the first half of 2019. Although domestic sales remained largely unchanged, export volumes jumped by 190 per cent YoY from 29,000t in the 1H18 to 84,000t in the same period this year. Consolidated net revenue for the company improved by 7.7 per cent YoY in the 1H19 to IDR6982bn (US$489.7m), while EBITDA grew by 34.5 per cent to IDR1178.2bn. The EBITDA margin, meanwhile, advanced from 13.5 to 16.9 per cent. ... |
PT Semen Indonesia28 August 2019, Published under Cement NewsSemen Indonesia’s gross margin improvement in the 1H19 is being seen as indicative of a recovery in the Indonesian cement industry, according to Fitch Ratings. A report in the Singapore Business Review states that the industry has suffered six months of margin erosion due to oversupply. However, lower coal prices and improving average selling prices (ASP) have led to a recovery in margins for a number of the country’s cement producers, including Semen Indonesia, which saw its gross margins a... |
SCG looks to increase use of blockchain solution21 August 2019, Published under Cement NewsSiam Cement Group (SCG) is looking to roll out its Procure to Pay blockchain solution for payment and procurement methods to 2400 suppliers by 2020, according to the Bangkok Post. Thammasak Sethaudom, vice-president for finance and investment, has said that the company must transform its operations to chase the fast-moving blockchain trend. "Our platform has helped suppliers reduce their processing times by 50 per cent from 70min to 35min per purchase order," said Mr Sethaudom. SCG invest... |
Indonesian cement industry down 2% in 1H1916 August 2019, Published under Cement NewsThe Indonesian Cement Association has reported that domestic cement sales volumes in the 1H19 dropped 2.2 per cent YoY to 29.4Mt due to weaker demand from Java (-2.8 per cent YoY) and Sumatra (-6.3 per cent YoY). This is likely to have been the result of a weak property sector, which accounted for around 70 per cent of the country's cement demand, coupled with delays in construction due to the presidential elections and the long Al-Fitr holidays. Fitch Ratings has added that the industry ... |
Indocement prepared to make plant acquisition in 201910 July 2019, Published under Cement NewsIndocement Tunggal Prakarsa has noted that it is ready to make a cement plant acquisition this year if the opportunity arises. "Indocement is in a position that is ready to make an acquisition if there is indeed a cement manufacturer with a strategic location that will be sold," said Antonius Marcos, director and corporate secretary. Mr Marcos explained that by acquiring a strategic cement plant, it could create a positive synergy and will continue to consider all opportunities availa... |
Southeast Asia: tough times – consolidation ahead?17 June 2019, Published under Cement NewsAs Western giants are exiting the southeast Asian cement market, a new wave of consolidation, this time by local companies, is taking place. By Manas Tamotia, LEK Consulting, Singapore China’s Sinoma International Engineering Co Ltd is adding 10,000tpd of cement capacity to PT Cemindo Gemilang’s production base at the Bayah plant in Banten province, Indonesia As inflexible Western giants continue to withdraw from their positions in southeast Asia, the region’s cement market i... |
Semen Indonesia22 May 2019, Published under Cement NewsIn April 2019 PT Semen Indonesia sold a total of 3,096,519t of cement and clinker. This compares to 3,161,372t in the previous month. Semen Indonesia contributed 2,144,359t to the April total, mainly from domestic sales (1,851,219t) but also exports (293,140t). This was slightly down on the 2,219,685t reported in March this year. A further 204,601t was added by TLCC in April, made up of 117,301t to the domestic market and 87,300t in exports. This was an improvement on the 133,541t seen in th... |
HeidelbergCement02 May 2019, Published under Cement NewsHeidelbergCement has sold the 0.7Mta Spoleto cement works to Colacem and agreement has been reached to sell the Testi integrated cement works and two grinding centres to Buzzi Unicem, with completion envisaged by the end of July. The Indonesian subsidiary Indocement is looking for four per cent sales growth in 2019 to some IDR1.1bn, with most of the growth coming in the second half. This compares with a 5.3 per cent growth rate in 2018 when the net profit fell by 38.4 per cent. |
Indonesian cement sales edge up 3% in 2M1919 April 2019, Published under Cement NewsTotal cement deliveries by Indonesian cement producers advanced 2.6 per cent in the first two months of 2019 to 11.216Mt when compared with 10.93Mt in the 2M18, according to the latest data from the Indonesian Cement Association, ASI. While domestic sales were only 0.3 per cent higher YoY at 10.547Mt in January-February 2019, export sales during the period. surged by 62 per cent YoY to 668,815t. Of total export sales, 419,725t were exported as clinker, up 53.1 per cent YoY. Cement exports ... |
Semen Indonesia Group and SBI see 47% rise in February sales19 April 2019, Published under Cement NewsSemen Indonesia Group and PT Solusi Bangun Indonesia (SBI) have posted sales of 3.095Mt in February 2019, a significant increase of 47 per cent YoY when compared with a sales volume of 2.106Mt noted in February 2018. Semen Indonesia reported a 7.4 per cent YoY advance in its sales volume to 2.157Mt in February 2019. Of this total, the company supplied 1.856Mt to the domestic market, up 1.2 per cent when compared with 1.835Mt in February 2018. Around 300,772t was exported, representing a 7... |