Cement News tagged under: Indonesia
Semen Indonesia 2016 net profit plateaus28 February 2017, Published under Cement NewsSemen Indonesia posted a 0.2 per cent increase in net income in 2016 last year amid falling sales and revenue, according to a company filing on Monday. The state-controlled company posted IDR4.5trn (US$337m) in net income last year, just slightly higher than in 2015. The company's total sales and revenue dropped three per cent to IDR26.1trn amid weak demand from the domestic market. Semen Indonesia's sales by volume, excluding from its subsidiaries, dropped 0.6 per cent to 13.9Mt in... |
PT Indonesia27 February 2017, Published under Cement NewsPT Indocement, along with Indonesia’s other cement producers, are bracing themselves as storms and high rainfall continue to play havoc with cement consumption in the country. January saw cement sales fall by 2.3 per cent YoY to 5.27Mt as poor weather and flooding delayed a number of key infrastructure projects, particularly housing, according to the Indonesian Cement Association (ASI). The only exception was Maluku and Papua in the east where sales grew by 21 per cent. In contrast Kalimanta... |
Indonesia: PT Semen Padang secures coal supply27 February 2017, Published under Cement NewsPT Semen Padang has signed a purchase order with BlackGold Natural Resources Ltd's subsidiary PT Samantaka Batubara, to the value of US$12.6m to supply coal to the cement producer. PT Samantaka Batubara expects to complete the order within the next 11 months for Cement Padang, a state-owned company and a subsidiary of PT Semen Indonesia (Persero) Tbk. Mr Philip Rickard, CEO of the BlackGold Natural Resources group, commented: "We are very pleased to receive this purchase order from Cemen... |
Indonesia: Semen Padang starts exports to Australia23 February 2017, Published under Cement NewsSemen Padang, a subsidiary of PT Semen Indonesia, has started exporting cement to Australia as the company looks to broaden its customer base beyond the highly-competitive Indonesian market. In a first shipment the company delivered 22t of cement to Sydney. "The realised export to Australia, known as a difficult market to penetrate because of its strict [import] requirements, proves that the quality of Semen Padang’s products is something that the company can be proud of," Antara news age... |
Indonesia: Kupang Cement to start work on new Kupang plant21 February 2017, Published under Cement NewsKupang Cement Indonesia's third factory in Kupang will soon be realised, according to the Governor of East Nusa Tenggara, Frans Lebu Raya. "The preparation phase has been completed. The groundbreaking ceremony is scheduled to be held on 10 March this year," he informed ANTARA in Kupang, Monday. He further stated that the new IDR2trn (US$1.49bn) plant will have a 1.5Mta cement capacity and will be built in the Bolok Industrial District. The construction will take approximately three yea... |
PT Semen Indonesia president confident Rembang plant will receive permit15 February 2017, Published under Cement NewsPT Semen Indonesia's President Director, Rizkan Chandra, is confident that Central Java Governor Ganjar Pranowo will issue an environmental permit for the construction of the company's cement plant in Rembang, Central Java province. Earlier on 16 January, Ganjar revoked PT Semen Indonesia’s environmental permit required for plant construction, production and development. The governor had told Semen Indonesia to revise its environmental impact analysis (amdal) and environmental monitori... |
Indonesia: January sales drop 2.3% YoY13 February 2017, Published under Cement NewsIndonesia's cement sales struggled last month as bad weather disrupted construction projects across the country. Sales fell to 5.3Mt last month, down 2.3 per cent YoY. "Rain and storms are present in many regions of Indonesia, and they might last until March. Only then we can expect the construction industry to rebound," Indonesian Cement Association (ASI) Chairman, Widodo Santoso, said. Maluku and Papua were the only regions where cement sales increased, surging to 143,000t in January... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
PT Indocement25 January 2017, Published under Cement NewsTotal cement sales in Indonesia, including PT Indocement, fell by 5.4 per cent MoM to 5.7Mt in November 2016. This represents an annual decline of 5.3 per cent. Sales for the first 11 months of the year, however, were up 2.8 per cent compared to the same period in 2015, driven by government-led infrastructure development. The housing market, meanwhile, remained flat and high rainfall has delayed a number of projects. Cement consumption by region showed an 18.2 per cent decline in sales in... |
Semen Indonesia halts Rembang construction20 January 2017, Published under Cement NewsSemen Indonesia has halted the construction of its plant in Rembang, Central Java, following the provincial government's revocation of the plant's environmental licence on 16 January. The company said it has complied with the government ruling despite having completed nearly 99 per cent of the plant. It is taking steps to submit certain required documents, such as an environmental impact analysis, required to obtain a new environmental licence. |