Cement News tagged under: Indonesia
SCG forecasts regional capacity will hit 292Mta by 201820 April 2016, Published under Cement NewsIn a presentation to investors earlier this month, Siam Cement Group (SCG) disclosed that it expects capacity in Thailand and nearby markets will reach 292Mta in two years' time, up from 251Mta in 2015. Production capacity is set to expand in Thailand, Indonesia, Vietnam, Myanmar, Cambodia and Laos. This comes against a backdrop of existing overcapacity – in 2015 domestic consumption in the six countries was 168Mt, implying a utilisation rate of 67 per cent. Demand growth in Thailand a... |
Indonesia: Widodo to meet with cement plant protestors18 April 2016, Published under Cement NewsIndonesian president Joko Widodo will meet with nine women who encased their feet in concrete in protest over the construction of a cement factory in Java. According to reports in JKT Globe, the women are objecting to the planned construction of a Semen Indonesia plant near Mount Kendeng in Rembang district, Central Java. "The nine women have been promised a meeting with the president, and they believe that they have achieved their objectives," said Yunita, a lawyer at the Jakarta Leg... |
Protestors seek talks with President over PT Semen Indonesia's Rembang plant13 April 2016, Published under Cement NewsPT Semen Indonesia was targeted by nine women who protested against the development of its new cement plant in their hometown in Rembang, Central Java. The public rally was held in front of the Presidential Palace on Tuesday from local residents who demanded to meet the President over disputed factory. The protesters expressed their concerns over potential environmental damage, saying that the plant could contaminate water and degrade their livelihoods, the Jakarta Legal Aid Institute (LBH... |
PT Indocement factory to go online in 3Q1605 April 2016, Published under Cement NewsPT Indocement Tunggal Prakarsa's new cement factory in Citeureup, West Java, is expected to be operable by the third quarter of 2016, with investment of IDR6.5trn (US$491m). Indocement, part of the HeidelbergCement Group, has allotted IDR2.3trn from internal cash for its 2016 capital expenditure (capex) to finalise the construction of its new plant. The company will also use further capex for maintenance activities. Meanwhile, Indocement subsidiaries Bahana Indonor and Indomix Perkasa ha... |
Indonesia: incumbents suffer as new entrants fight for market share04 April 2016, Published under Cement NewsCement prices in Indonesia are falling as newer firms attempt to win market share from the established players, state-owned Semen Indonesia, HeidelbergCement’s Indocement Tunggal Prakarsa and Holcim Indonesia. A report from Indonesia Investments notes that the entry of five new firms into the Indonesian market has led to production capacity rising above 100Mta, while demand is set to reach just 63Mt in 2016. This has led to heavy downward pressure on prices: a report by Trimegah Securi... |
PT Semen Indonesia29 March 2016, Published under Cement NewsSemen Indonesia’s total cement sales reached 1.82Mt in February 2016, down almost nine per cent from the 1.99Mt recorded in the same month last year. Domestic sales fell 5.8 per cent from 1.92Mt to 1.81Mt, while exports plummeted by 90 per cent from 69,355t in February 2015 to just 6357t a year later. Total sales for the year so far stand at just over 4Mt, down 2.4 per cent from the same period in 2015. Looking ahead to 1H16, the company has forecast cement sales to grow by 4-5 per cent o... |
LafargeHolcim to target emerging markets29 March 2016, Published under Cement NewsLafargeHolcim Ltd is confident that a rally will continue in emerging markets this year. Higher cement buying in countries such as India, Indonesia, the Philippines and Vietnam is offsetting slower growth in China, leaving LafargeHolcim CEO, Eric Olsen, optimistic about continued expansion in markets that represent about 55 per cent of his company’s footprint. Indonesia is certainly one country where the comapny is aiming to thrive. PT Holcim Indonesia has lent IDR200bn (US$3bn) to affil... |
Indonesia: PT Indocement streamlines operational efficiency21 March 2016, Published under Cement NewsIndonesia's second-largest cement producer, PT Indocement Tungall Prakarsa, has seen its net profit fall decelerate as operational efficiency measures have successfully taken hold The publicly-listed company’s Board of Directors announced that Indocement booked IDR4.36tn (US$33.3bn) of net profits last year, 17.6 per cent less than the IDR5.29bn in 2014. Its revenues slid by 11 per cent to INR17.8tn. Indocement finance director, Tju Lie Sukanto, said the drop in revenues was caused by lo... |
Semen Indonesia sets up Aceh joint venture18 March 2016, Published under Cement NewsPT Semen Indonesia Tbk and PT Samana Citra Agung on 17 March signed agreement to set up a joint venture company, called PT Semen Indonesia Aceh, which will engage in producing and distributing cement. The agreement was signed by president director of Semen Indonesia, Suparni, and president director of Samana Citra Agung, Deni Fahlevi in Jakarta. Samana Citra is based in Aceh, on the northern tip of Sumatera Island. Both parties have agreed to invest a total of IDR5trn (US$383.3m) in estab... |
Indonesia sees 3% rise in Feb sales10 March 2016, Published under Cement NewsCement sales in Indonesia rose three per cent YoY to 4.45Mt in February 2016 from the same month one year earlier. Widodo Santoso, chairman of the Indonesia Cement Association (ASI), attributed the country's rising cement sales to the ongoing development of infrastructure projects across the archipelago. Three regions showed a marked increase in cement sales last month: Sumatra (+16.5 per cent YoY to 2.13Mt), Sulawesi (+33 per cent YoY to 841,000t) and the Moluccas & Papua (+31 per c... |