Cement News tagged under: Indonesia
Indocement anticipates conservative sales growth09 April 2019, Published under Cement NewsIndocement Tunggal Prakarsa is targeting a conservative sales growth of four per cent this year to IDR15.8trn (US$1.1bn) on the back of a slowdown in domestic cement consumption, president director Christian Kartawijaya has said. Mr Kartawijaya predicts demand for cement to pick up in the second half of 2019, after the country's presidential election to be held this month, he told the Jakarta Post. The HeidelbergCement group company believes cement consumption will be driven by government ... |
PT Semen Indonesia sees 10% revenue rise in 201803 April 2019, Published under Cement NewsPT Semen Indonesia increased revenues by 10.3 per cent YoY to IDR30.688trn in 2018 from IDR27,814trn in 2017. The company’s consolidated sales volume reached 33.153Mt, including the sales from Thang Long Cement in Vietnam. Export sales from its Indonesian production base advanced 68.7 per cent to 3.157Mt when compared with 1.871Mt in 2017. The Indonesian cement producer saw its cost of revenue advance by 7.6 per cent to IDR21.357trn when compared with IDR19.854trn in the previous year. ... |
PT Semen Indonesia01 April 2019, Published under Cement NewsIn February 2019 Semen Indonesia sold a total of 3,095,309t of cement and clinker. This compares to 2,495,779t in the previous month. Semen Indonesia contributed 2,156,914t to the February total, mainly from domestic sales (1,856,142t) but also exports (300,772t). This was slightly down on the 2,357,381t reported in January this year. A further 133,457t was added by TLCC in February, made up of 40,541t to the domestic market and 92,916t in exports. Again this was slightly down on the 138,398... |
The new Asian paradigm01 April 2019, Published under Cement NewsThis week CemNet news reported on the latest developments in LafargeHolcim's (LH) sale of Holcim Philippines Inc. Shares in the company have risen 50 per cent since January 2019, giving the cement maker a US$1.3bn market value, according to Bloomberg data. A decade ago, every cement major wanted to grab a piece of the Emerging Market pie. What happened? Holcim Philippines operates five plants with 9.6Mta capacity, following the recent grinding mill expansion at its La Union plant in North L... |
PT Indocement27 February 2019, Published under Cement NewsCement consumption in Indonesia grew by five per cent in 2018, compared to 7.6 per cent the year before, and is projected to expand by four per cent in 2019, according to PT Indocement. Although consumption in 2019 will continue to be driven by infrastructure projects, and the completion of commercial and residential projects, US policies to increase interest rates and reduce corporate tax have had an impact on the Indonesian economy, warned the company. Strong bulk cement demand is expec... |
Indonesian cement market expands 5% in 201813 February 2019, Published under Cement NewsIndonesia’s cement consumption advanced by 4.8 per cent YoY to 69,565,129t in 2018 from 66,349,944t, according to the preliminary data of the Indonesian Cement Association (ASI). While cement demand declined 5.4 per cent to 4.632Mt in the Jakarta area and slipped by 0.6 per cent in East Java, other regional markets saw significant growth. Cement demand in Yogyakarta surged by 10.8 per cent to 1.214Mt, followed by Banten, where consumption advanced by nine per cent to 3.475Mt. In Central Jav... |
Holcim Indonesia becomes PT Solusi Bangun Indonesia11 February 2019, Published under Cement NewsHolcim Indonesia has changed its name to PT Solusi Bangun Indonesia (Solution to Build Indonesia) following its takeover by PT Semen Indonesia. An Extraordinary General Meeting of Shareholders (EGM) of PT Holcim Indonesia Tbk, held on 11 February 2019, approved the company name change. In addition, two subsidiaries of PT Holcim Beton and PT Lafarge Cement Indonesia were renamed PT Concrete Building Solutions and PT Solusi Andalas Building, respectively. Semen Indonesia had acquired an 80.... |
LafargeHolcim04 February 2019, Published under Cement NewsThe sale of the 80.6 per cent stake in Holcim Indonesia to Semen Indonesia, formerly known as Semen Gresik, has been completed, taking Semen Indonesia’s share from 35.7 per cent of the national capacity to 49.5 per cent. The deal, valued at around US$1750m, adds four cement works, 33 ready-mixed concrete plants and two quarries to Semen Indonesia’s production base. Semen Indonesia also has a sizeable cement business in Vietnam. The completion of this deal suggests that a disposal of the Phil... |
HeidelbergCement targets cash generation04 February 2019, Published under Cement NewsThis week the trend for divestments from the large multinationals was again demonstrated by LafargeHolcim's admission that it may seek a buyer for its operations in the Philippines , but it is not alone in trying to seek markets with higher returns. The selling hat is also being worn by HeidelbergCement, which held its Commerzbank German Investment Seminar 2019 in New York on 14 January. Dr Bernd Scheifele, Group CEO, gave a presentation update on the performance of the group in 2018 with s... |
HeidelbergCement targets cash generation01 February 2019, Published under Cement NewsThis week the trend for divestments from the large multinationals was again demonstrated by LafargeHolcim's admission that it may seek a buyer for its operations in the Philippines , but it is not alone in trying to seek markets with higher returns. The selling hat is also being worn by HeidelbergCement, which held its Commerzbank German Investment Seminar 2019 in New York on 14 January. Dr Bernd Scheifele, Group CEO, gave a presentation update on the performance of the group in 2018 with s... |