Cement News tagged under: Indonesia
Indonesia: cement sales to April up 4.2% YoY18 May 2016, Published under Cement NewsCement sales in Indonesia reached 19.3Mt in the four months from January to April 2016, reports Indonesia Investments. This represents a 4.2 per cent increase on the same period in 2015. Rising supply from new entrants to the market has driven most of the consumption growth. Of the three biggest incumbents – Semen Indonesia, Indocement Tunggal Prakarsa and Holcim Indonesia – only the first saw YoY volume sales rise in April 2016 while both Indocement and Holcim reported double digit decli... |
Semen Indonesia to invest US$2.2bn over next five years16 May 2016, Published under Cement NewsSemen Indonesia President Director, Rizkan Chandra, has announced that his company is to invest IDR30tn (US$2.2bn) over the next five years. The funding will be split between existing operations, entry into new markets and downstream acquisitions. According to reports on Deal Street Asia, Semen Indonesia is looking to acquire majority interests in ready-mix and precast businesses. The firm is also planning to expand further afield and is considering its options in four countries, includin... |
Indonesia: Indocement hopes for strong consumption growth11 May 2016, Published under Cement NewsIndocement Tunggal Prakarsa President Director, Christian Kartawijaya, has predicted that cement consumption in Indonesia could grow by 3-5 per cent in 2016, having grown by 3.4 per cent in 2015. According to the Jakarta Post, Mr Kartawijaya highlighted government investment in infrastructure and falling interest rates as the key drivers of higher demand. The Indonesian government has allocated IDR313.5trn (US$23.51bn) to infrastructure projects in 2016, up eight per cent on the previo... |
PT Semen Padang issued new forest mining licence11 May 2016, Published under Cement NewsPT Semen Padang has been granted land use of a forest area covering an area of 243.3ha in Indonesia. In accordance with IPPKH and Permit Mining limestone (IUP 412ha) owned since 1996, PT Semen Padang can continue its activities in excavating limestone in the Bukit Tarjarang area and in Bukit Karang Putih as it has done since 1910. The mining of limestone in Bukit Tarjarang is particularly associated with need for raw materials for the Indarung-VI cement plant, located at Indarung, distr... |
Indonesia: cement sales up 5% in 1Q1609 May 2016, Published under Cement NewsIndonesia's domestic cement sales rose to 14.43Mt in 1Q16, up five per cent from the same period last year of 13.84Mt. The rise appears to be driven partly by the development of government infrastructure projects, power plants and smelter projects. The Head of Indonesia Cement Association (ASI), Widodo Santoso, was quoted by Investor Daily as saying that the rise of cement sales was as expected by ASI. “We hope the sales will increase in the coming months.” |
Holcim Indonesia expects capacity up 12% in 201604 May 2016, Published under Cement NewsFollowing the acquisition of PT Lafarge Cement Indonesia, Holcim Indonesia increased its domestic production capacity by 1.6Mta to 15Mta, the company said in a statement. In addition, the cement producer’s 1.7Mta Tuban 2 cement plant is expected to be operational for its first full year in 2016 after coming online in August last year. Most of Holcim Indonesia’s production is sold in West Java, Jakarta and Banten, but the acquisition of Lafarge Cement Indonesia and the new works at Tub... |
Growing pains: southeast Asia's looming overcapacity29 April 2016, Published under Cement NewsPositioned between the two most populous nations on Earth, the emerging economies of southeast Asia have ridden the wave of economic growth in the early years of the century. Between 2000 and 2014 the 10 ASEAN countries saw their collective real GDP grow at 5.7 per cent annually and look set to continue this trend over the next five years. Cement demand has kept up with this brisk pace of expansion and – according to figures from Morgan Stanley – will continue to do so, growing at 5.2 per ce... |
Fitch lowers Indonesia cement consumption expectations27 April 2016, Published under Cement NewsIndonesian cement producers are on track to achieve the lower-end of the Indonesian Cement Association's (ASI) 4-5 per cent annual growth target, with Fitch Ratings expecting a boost in demand during 2H16 due to new construction projects and more favourable economic conditions. Domestic cement demand rose 4.3 per cent YoY in 1Q16 to 14.4Mt, according to ASI's latest cement consumption data. This followed a modest increase of only 0.9 per cent YoY in 2015. However, Fitch said the quart... |
New projects push Indonesia towards overcapacity27 April 2016, Published under Cement NewsIndonesia's dynamic market has attracted both foreign and local cement companies to invest in new cement plants, intensifying competition for existing producers and tipping the industry towards oversupply. Four new entrants - including companies from Taiwan, India and two local firms - plan to build new factories in Indonesia with a combined capacity of 12.1Mta, according to a report in the Jakarta Globe. The total investment is estimated at between US$1.3bn and US$3bn over the next few ye... |
Semen Indonesia signs cost-cutting deal with Pertamina25 April 2016, Published under Cement NewsSemen Indonesia (SI) has signed an agreement with oil and gas firm Pertamina that will see the latter provide oil for SI’s needs in production, transportation and logistics. The Jakarta Post says the deal could save SI up to IDR1tn (USS$75.7m) and would also involve Pertamina providing assistance in converting SI’s operations to gas power. Semen Indonesia’s president director Suparni said: “[The agreement] is to ensure that the company can increase its operations and also to help in th... |