Cement News tagged under: Indonesia
Semen Indonesia reportedly plans US$340.2m Aceh plant01 June 2015, Published under Cement NewsIndonesia's largest cement maker, PT Semen Indonesia Tbk , plans to build a new plant in Aceh worth IDR4.5trn (US$340.2m), Investor Daily reported, quoting Corporate Secretary Agung Wiharto. The construction will start in 2016 or 2017 and the plant will have a production capacity of 3Mta, according to the report. |
Bangladesh, Indonesia, Philippines top Vietnamese importers in first four months26 May 2015, Published under Cement NewsBangladesh, Indonesia, the Philippines and Taiwan remained among major importers of Vietnamese clinker and cement in the first four months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 2.62Mt of cement worth US$100.24m from Vietnam in the period, while Indonesia came second with 937,982t worth US$42.39m and the Philippines ranked third with 468,419t worth US$18.43m. Following on, Taiwan consumed 346,396t worth US$14.81m and Ma... |
Holcim Indonesia seeks IDR2.5trn loans for refinancing21 May 2015, Published under Cement NewsHolcim Indonesia is looking for IDR2.5trn (US$189.59m) in loans to refinance its maturing debts and wants to replace foreign-denominated debt to ease the currency burden, according to reports in the Jakara Post. Kent Carson, Holcim Indonesia CFO, aid that the company, expected to have a new loan facility in place in June, either in the form of syndication or a bilateral facility from a mix of local and foreign lenders with a maturity period between three and five years. There will be some... |
Indocement shareholders approve disbursement of almost all 2014 profits as dividends15 May 2015, Published under Cement NewsDuring an annual shareholders meeting in Jakarta on Wednesday the shareholders of PT Indocement Tunggal Prakarsa approved the company’s proposal to pay dividends of about IDR4.96trn (US$381.9m) or IDR1350 per share, about 94 per cent of the profits recorded in 2014. Indocement booked IDR5.27trn in profits in 2014, a 5.2 per cent increase from IDR5.01trn in 2013. During 2014, the company’s net revenues totaled IDR19.99trn last year, an increase from IDR18.69trn in 2013, First-quart... |
Indonesian consumption contracts in April12 May 2015, Published under Cement NewsFollowing a disappointing performance over the first three months of this year, there's still no recovery in sight for Indonesian cement consumption as latest figures show demand contracted again in April. After registering a 3.2 per cent drop YoY in 1Q15, last month demand was down by 1.1 per cent to 4.47Mt. However, the pace of decline eased from the 6.2 and 6.4 per cent reductions recorded in February and March 2015, respectively. Year-to-date update For the first four months of 2... |
Bangladesh, Indonesia and Taiwan remain Vietnam's top importers12 May 2015, Published under Cement NewsBangladesh, Indonesia and Taiwan remained among the largest importers of Vietnamese clinker and cement in the first quarter of this year, according to the Vietnamese Ministry of Industry and Trade. Bangladesh accounted for the largest amount with 1.83Mt of cement worth US$70.13m, followed by Indonesia with 828,317t worth US$37.1m and Taiwan ranked third with 272,396t worth US$11.71m. Next in line was the Philippines with 239,900t worth US$9.46m, and Laos with 115,701t worth US$9.28m. ... |
Prosperity Indonesia plans new investment08 May 2015, Published under Cement NewsProsperity Indonesia, an engineering company from Hong Kong, plans to build its second cement plant worth US$400m in Tuban, East Java, at the end of this year, the Jakarta Globe reports. “The second plant in Tuban will provide the domestic demand of cement. Exports will be implemented if the domestic demand is strong,” said He Yunfeng, Prosperity Indonesia general manager, told the daily newspaper. Prosperity expects to complete construction of its second plant in the next two years. The ... |
Holcim Indonesia's 1Q15 revenue declines on weak demand05 May 2015, Published under Cement NewsHolcim Indonesia recorded a decline in sales revenue of five per cent to IDR2.25trn in the first three months of the year, as volumes were down by seven per cent, reflecting the contraction in domestic demand over the period. Net income dropped to IDR32.7bn (US$2.5m) in the January-March period from IDR323.6bn in the same quarter last year. National demand for cement fell to 13.9Mt compared to four per cent growth (or 14.3Mt) over the first quarter last year. In addition, at the ... |
Semen 1Q profit hit by lower prices30 April 2015, Published under Cement NewsIndonesia's biggest cement producer, PT Semen Indonesia Tbk, posted a 8.5 per cent drop in first-quarter net profit from a year earlier on the back of lower selling prices and weaker domestic demand. The state-owned company reported net profit of IDR1.19trn (US$91.82m) for the three months ended March, down from IDR1.30trn for the corresponding period a year earlier. “The company’s performance for the first quarter was affected by the decrease in selling prices in mid January, and wea... |
PT Indocement29 April 2015, Published under Cement NewsBuoyed by a seven per cent increase in revenue in 2014 to IDR19,996bn (US$1.54bn), Indocement is pressing ahead with its capex plans this year. Gross profit also grew, up by five per cent to IDR9086bn, while EBITDA fell slightly by 0.3 per cent to IDR6853bn. By the end of 2015, the company’s new 4.4Mta plant in Citeureup is due to be operational, while it has also received AMDAL certification for its plant in Pati, Central Java. The Pati plant will have a production capacity of 2.5-4Mta a... |