Cement News tagged under: Indonesia
Holcim Indonesia half-year sales decline 10% YoY07 August 2017, Published under Cement NewsHolcim Indonesia reported a 10 per cent decline in sales to IDR4288bn in the first half of 2017 due to “tough market conditions exacerbated by the timing of Ramadan,” the company said in a statement. The subdued domestic economy and oversupplied market environment continued to suppress prices. However, the cost of sales was down by nearly two per cent reflecting the implementation of cost efficiency programmes by the company. Domestic cement consumption over the first six months of 2017 ... |
Indonesia 1H sales dip, exports rise18 July 2017, Published under Cement NewsCement sales in Indonesia registered a slight decline over the first half of this year, while exports sales fared better over the six-month period, according to the latest industry data. Domestic sales were down by 1.3 per cent YoY to 29Mt in the 1H17, compared to 29.37Mt a year earlier, statistics published on state-owned Semen Indonesia’s website reveal. Widodo Santoso, chairman of the Indonesian Cement Association (ASI), told local press that the decline is attributed to the long hol... |
SCG establishes joint venture logistics company in Indonesia29 June 2017, Published under Cement NewsSCG Cement - Building Materials Company (SCG), a wholly-owned subsidiary of Siam Cement Co (SCC) and PT Barito Investa Prima, have agreed to establish PT SCG Barito Logistics in Indonesia. The investment has an enterprise value of approximately THB162m (US$4.8m), whereby SCC will hold an indirect stake of 49 per cent through SCG, PT Barito Investa Prima will hold the remainder. This joint venture is aimed at enhancing the logistic network coverage and cost efficiencies for both companies.... |
Semen Baturaja expecting higher sales19 June 2017, Published under Cement NewsIndonesia state-owned cement producer Semen Baturaja is anticipating higher sales this year following the start-up of operations at its new line together with government infrastructure projects. “Additional production will occur in July with the operation of our new factory,” Semen Baturaja president director Rahmad Pribadi told local press on Thursday. “Our existing [production] capacity has been fully absorbed by the market and we will have additional capacity in the second half to boost... |
Indonesian consumption continues to rise14 June 2017, Published under Cement NewsIndonesian cement consumption continued to rise last month, increasing by seven per cent YoY to 5.47Mt, according to latest data from the Indonesia Cement Association (ASI). The advance marks the second consecutive month of growth with demand being supported by a recovery in the property sector and infrastructure development projects. Cement sales grew by 4.1 per cent (YoY) to 25.26Mt over the January-May period. Exports also noted a significant increase, rising to 25,000t in May (+60 pe... |
Cemengal commissions Cemenido Plug&Grind®14 June 2017, Published under Cement NewsCemengal has finished the commissioning period of a new modular and portable grinding station Plug&Grind®XL for Cemenido in Benkulu, Indonesia. This is the third operating unit for Cemenido in the southeast Asian country. |
PT Semen Padang puts Indarung VI output at 2Mt05 June 2017, Published under Cement NewsPT Semen Padang expects the output of its Indarung VI line to reach 2Mt this year as the 3Mta plant produced 0.5Mt of cement at the end of May, four months after its commissioning. Semen Padang saw domestic sales in the first four months of the year reach 1.8Mt, down 4.8 per cent YoY, according to the company’s President Director, Benny Wendry. However, exports more than quadrupled to 294,971t in the period, from 56,553t in 4M16. |
Indonesia: sustaining profitability19 May 2017, Published under Cement NewsWeaker-than-expected growth in Indonesian cement consumption and fierce competitive pressures have led to a tough pricing environment, resulting in local producers looking to mitigate the impact of a challenging market. However, latest volume data by the Indonesian Cement Association (ASI) reveal strong domestic and export sales for the month of April, but can this recovery be sustained? Domestic cement consumption in 2016 was virtually flat (+0.1 per cent) compared to the previous... |
Semen Indonesia plans to raise IDR3tn from bond sale16 May 2017, Published under Cement NewsSemen Indonesia has announced a plan to raise IDR3trn (US$225.6m) from a bond sale to refinance debt of its subsidiary PT Semen Tonasa and increase working capital, according to local press reports. The bond, with a five-year tenure and eight per cent to 8.8 per cent annual coupon rate, is the first tranche of its planned bond issuance under the shelf registered scheme totalling IDR8trn in the next few years. "With the optimism that the economy will be better in 2018, we have decided t... |
Semen Baturaja reports IDR259bn net profit in 201628 April 2017, Published under Cement NewsIndonesia state-owned cement producer Semen Baturaja reported an IDR259bn (US$19.4m) in net profit last year, ANTARA News reports. At the company's annual general meeting on Thursday, shareholders decided to pay out 25 per cent, or IDR64.772bn, of the profits as dividend. Around 76.24 per cent, or IDR49.38bn of the dividends are for the state, and the remainder for the investing public, corporate secretary, Zulfikri Subli, said. The remaining 75 per cent of the profit will be retained ... |