Cement News tagged under: Indonesia
Semen Baturaja records 24% sales increase07 January 2019, Published under Cement NewsIndonesia’s PT Semen Baturaja (SMBR) has recorded a 24 per cent YoY increase in sales to 2.17Mt in 2018, compared to 1.76Mt of the previous year. Jobi Triananda Hasjim, company president, noted that it surpassed the average growth of the country’s industry by five per cent in 2018. "The growth of SMBR sales volume this year is one of the highest in the industry sector," said Mr Hasjim. In December 2018, the company’s cement sales surged 22 per cent to 220,737t compared to the year-ago per... |
Semen Indonesia mandates 5 banks for US$1.3bn bridge loan03 December 2018, Published under Cement NewsSemen Indonesia has mandated five banks for a US$1.282bn bridge loan to support its acquisition of the local unit of LafargeHolcim. BNP Paribas, Deutsche Bank’s Singapore branch, Maybank, MUFG Bank and Standard Chartered are the lead arrangers and bookrunners for the two-year loan, which will be launched into syndication in 2-3 weeks, according to a company announcement. The borrower agreed to acquire 80.6 per cent of Holcim Indonesia, one of the country’s largest cement producers from L... |
PT Semen Indonesia tightens grip on domestic market19 November 2018, Published under Cement NewsThis week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The agreement is subject to regulatory approvals, but SMGR, as a state entity, is not expected to be held up in its desire to extend its hold on the domestic cement market. Indonesia currently has 15 cement companies operating with a total capacity of 110Mta, of which 63 per cent is owned by foreign players. Throug... |
PT Semen Indonesia tightens grip on domestic market16 November 2018, Published under Cement NewsThis week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The agreement is subject to regulatory approvals, but SMGR, as a state entity, is not expected to be held up in its desire to extend its hold on the domestic cement market. Indonesia currently has 15 cement companies operating with a total capacity of 110Mta, of which 63 per cent is owned by foreign players. Throug... |
PT Indocement30 October 2018, Published under Cement NewsIn the opening nine months of 2018, Indocement has seen its sales volume advance by up to six per cent YoY to more than 13Mt. This compares to domestic cement demand growth in Indonesia of just 4.9 per cent over the same period. The company saw sales reach 1.7Mt in September alone this year, compared to 1.6Mt in the same month last year, marking an improvement of 6.25 per cent. Indocement expects sales to continue to advance at the same rate, reaching a total of around 17Mt for 2018 as a who... |
Anhui Conch30 October 2018, Published under Cement NewsAnhui Conch has signed a cement sale and purchase agreement with Jiangsu Conch Building Materials, believed to be worth around US$230m. Under the agreement, Conch subsidiaries in east China will sell a total of 3.5Mt of cement products to Jiangsu, a non-wholly-owned subsidiary of Anhui Conch. The deal is designed to allow the direct Conch subsidiaries to focus on production while Jiangsu concentrates on what is being described as its “centralised sales advantage”. The contract is seen as a p... |
PT Holcim Indonesia Tbk shares rise steeply26 October 2018, Published under Cement NewsThe stock price of PT Holcim Indonesia Tbk rose steeply in trading this week. Rumours related to the divestment of shares owned by LafargeHolcim in Indonesia raised optimism in the company’s shares. According to CNBC Indonesia, Thursday, 25 October trading took the company’s share price up by 10.87 per cent to IDR1785/share (US$0.118/share). Trading volume was also quite large reaching 47.02m shares valued at IDR81.5bn. Since May speculation about the release of PT Holcim Indonesia Tbk... |
Anhui Conch to set up distribution centre in Indonesia02 October 2018, Published under Cement NewsAnhui Conch Cement is seeking project finance for a US$105m cement transport centre in Palembang, Indonesia. The company plans to raise 80 per cent of the total investment via debt from international and Chinese banks. The plans include a transportation and storage centre, with a berth for vessels of a 3000dwt capacity, which will import and export 400,000tpa of cement. The project is expected to be completed within 18 months. |
PT Indocement26 September 2018, Published under Cement NewsPT Indocement recorded a one per cent YoY increase in cement sales in August 2018, in line with national cement consumption growth. Sales that month came in at 1.6Mt with total sales for the first eight months of the year reaching 11.5Mt, up seven per cent compared to the same period last year. According to Prakarsa Antonius Marcos, director and company secretary, PT Indocement, the poor growth seen in August is blamed on national holidays and the opening of the 2018 Asian Games, resulting i... |
PT Semen Indonesia26 September 2018, Published under Cement NewsIn August 2018 PT Semen Indonesia sold 20.67Mt of cement, up four per cent compared to the same period a year earlier. Domestic sales came in at 16.93Mt while exports reached 1.99Mt during the month, an increase of 42.7 per cent YoY. The company is reportedly aiming for exports of 3Mta this year, equivalent to IDR4.44trn (US$297,687), to help boost plant utilisation rates. Most exports from Semen Indonesia are destined for Sri Lanka, Tahiti, Timor Leste, Tonga, UAE, Philippines and China. |