Cement News tagged under: Indonesia
Semen Indonesia Rembang plant ready for 1H17 start19 April 2017, Published under Cement NewsSemen Indonesia has said it will commence production from its cement plant in Rembang, Central Java, in the first half of 2017. Company president director, Rizkan Chandra, said the cement producer respects the results of a meeting held at the Presidential Staff Office in Jakarta last week. “In view of the results of the meeting, as the remaining issue was [to address] Watuputih CAT [groundwater basin], Semen Indonesia will begin production in Rembang. We expect to start commercial opera... |
Indonesian cement consumption sees 4% rise in March19 April 2017, Published under Cement NewsCement consumption in Indonesia increased by four per cent YoY in March 2017 to 5.02Mt following flat sales volumes in the first two months of the year. The increase is attributed to a sharp rise in demand in Central Java and East Java. "Cement producers are somewhat relieved to see increasing demand for cement after stagnant months of January and February. The high demand for Java pushed up the rate of consumption," commented Widodo Santoso, chairman of the Indonesia Cement Association (... |
Indonesia: changing perspectives10 April 2017, Published under Cement NewsFollowing high capacity utilisation rates and the prospect of market growth going forward, the decade running up to 2015 looked promising for Indonesian cement producers. However, as capacity expansions were implemented, economic growth faltered and cement demand slowed in 2015-16. Forecasts for 2017 are somewhat more optimistic, but the past few years have required domestic cement producers to change their perspective. B y Sinarmas Sekuritas, Indonesia. The slowdown in ceme... |
Semen Indonesia approves 2016 cash dividends03 April 2017, Published under Cement NewsState-owned cement manufacturer Semen Indonesia will distribute cash dividends worth IDR304.92/share from its 2016 fiscal year. The total dividends that will be distributed amount to IDR1.8trn, or the equivalent of 40 per cent of the company’s 2016 net profit of IDR4.52trn. Rizkan Chandra, president director of Semen Indonesia, said the dividend plan was approved by the company’s shareholders during an annual meeting in Jakarta on 31 March 2017. He added that Semen Indonesia will set as... |
Semen Indonesia appoints former intelligence chief Sutiyoso03 April 2017, Published under Cement NewsPT Semen Indonesia has appointed former Jakarta governor and State Intelligence Agency (BIN) director, Sutiyoso, its president commissioner. Sutiyoso served as BIN chief under President Joko Widodo’s administration and previously led the Indonesian Justice and Unity Party (PKPI). The appointment comes at a time of public protest against the building of the company’s new factory in Rembang, Central Java. |
Asian cement 2017: looking to the future29 March 2017, Published under Cement NewsFollowing an exciting 2016, this year sees opportunities and challenges abound for the Asian cement industry. LEK Consulting gives an overview and outlines strategies that help position cement companies in this part of the world for long-term growth. By Manas Tamotia, LEK Consulting, Singapore, and George Woods, LEK Consulting, Australia. China's overcapacity will help to change the Asian cement market from a national into a regional game The year 2016 was an exciting one for As... |
Indocement expects 3-5 per cent rise in domestic consumption22 March 2017, Published under Cement NewsIndonesia's second-largest cement producer, PT Indocement Tunggal Prakarsa, expects domestic cement consumption to increase by 3-5 per cent in 2017, its President Director, Christian Kartawijaya, told the Jakarta Post. Mr Kartawijaya said that he attributes the expected rise in demand due to a number of factors including funds coming from the government’s tax amnesty, the drop of interest in housing loans (KPR) and relief in requirements for the loan-to-value (LTV) ratio. Last year Indoc... |
Semen Indonesia postpones Rembang opening22 March 2017, Published under Cement NewsPublicly-listed cement manufacturer PT Semen Indonesia (SI) has decided to postpone the initial launch of its new production facility in Rembang, Central Java, for several months due to a prolonged dispute with the local community. “[The facility] will start commercial operation in either May or June. We are not in a hurry,” SI corporate secretary Agung Wiharto said as quoted by kontan.co.id on Monday. The production facility was initially scheduled to start operating in April. |
Semen Baturaja full-year profit down 21%, revenue rises slightly21 March 2017, Published under Cement NewsIndonesia state-owned producer Semen Baturaja’s profit declined by 21 per cent in 2016 to IDR274.09bn (US$20.6m) due to revenue growth being lower than its costs, the Jakarta Post reports. Last year Semen Baturaja's revenue rose by 4.1 per cent to IDR1.52trn versus IDR1.46trn a year earlier, while costs increased by 4.4 per cent in 2016 to IDR1.01trn. This year the company anticipates a 23 per cent increase in its sales this year due to a new factory that commenced operations in June. T... |
Indonesian cement sales rise 0.2% in February 201713 March 2017, Published under Cement NewsCement sales in Indonesia rose 0.2 per cent YoY to 4.54Mt in February 2017 from 4.54Mt in the same month one year earlier, said Indonesia Investments. Weak cement sales in the second month of 2017 are blamed on adverse weather conditions (a high amount of rainfall caused floods in several parts of Indonesia) and on the fact that direct investment in infrastructure and property outside Java remains bleak. Widodo Santoso, chairman of the Indonesia Cement Association (ASI), said Indonesia... |