Cement News tagged under: Indonesia
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... |
Indonesia first-quarter sales down 3.2%13 April 2015, Published under Cement NewsIndonesian cement consumption fell by 3.2 per cent YoY in the January-March period, latest figures from the Indonesia Cement Association (ASI) show. Over the first three months of the year, consumption dropped to 13.63Mt compared to 14.08Mt in 1Q14. Year to date consumption was down in Java (-1.3 per cent), Sumatra (-3.9 per cent), Sulawesi (-2.5 per cent), Kalimantan (-1.4 per cent) and Nusa Tenggara Timur (-6.5 per cent). However, a gain was recorded in Malukus and Irian Jaya (+7.7 per ce... |
Ha Tien 1 Cement seeks Indonesian coal import approval24 March 2015, Published under Cement NewsVietnamese producer Ha Tien 1 Cement JSC (HT1) is seeking government approval to import coal from Indonesia for cement production as the market price has fallen sharply along with the drop in crude oil prices. At present, HT1 is buying coal from Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) at US$100/t. Meanwhile, the coal price in Indonesia is US$52/t FOB. Analysts noted that if Ha Tien 1 can import 25% of total coal it needs for production, it would be a... |
Bangladesh, Indonesia and Taiwan top Vietnamese importers23 March 2015, Published under Cement NewsBangladesh, Indonesia and Taiwan were the top importers of Vietnamese clinker and cement in the first two months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 1.12Mt of cement worth US$43.19m from Vietnam in the period, while Indonesia came second with 559,188t worth US$27.2m and Taiwan ranked third with 170,296t worth US$7.39m. Next in line were the Philippines followed with 157,200t worth US$6.17m, and Laos with 59,255t wort... |
Indocement plans to boost exports23 March 2015, Published under Cement NewsHeidelbergCement-owned Indocement Tunggal Prakarsa expects to benefit from the depreciation of the currency in maintaining revenue amid the sluggish demand by pushing exports, The Jakarta Post reported. Indonesia's second-largest producer is planning to enhance shipments from 156,000t to 250,000t in 2015 on the back of strengthening dollar, said Christian Kartawijaya, president director. The company hopes to export more of its products owing to the depreciation of rupiah against dollar, ... |
Indonesian monthly consumption down 6.2%17 March 2015, Published under Cement NewsIndonesian cement consumption during February 2015 fell by 6.2 per cent YoY to 4.2Mt, latest data from the Indonesia Cement Association (ASI) shows. For the first two months of the year, demand declined by 1.2 per cent YoY to 9.07Mt. Consumption was down in the main market of Java by 1.3 per cent, while reductions were also seen in Sumatra (-7.7 per cent) and Sulwesi (-6.3 per cent). Increases were recorded in Kalimantan (+6.8 per cent) and Nusa Tenggara Timur (+5.5 per cent). The slow... |
Semen Baturaja full-year profit advances 5%10 March 2015, Published under Cement NewsState-owned cement producer PT Semen Baturaja Tbk reported a five per cent increase in net profit to IDR328.336bn (US$25m) in 2014 from IDR312.184bn in the previous year. Operating income rose four per cent YoY IDR1.215trn in 2014. Company`s president director Pamudji Rahardjo said the 2014-2017 period will be important for Indonesia given the implementation of the government's Master Plan of Acceleration and Expansion of Indonesian Economic development especially in the infrastructure sect... |
SCG Indonesia on course to launch operations in 3Q1505 March 2015, Published under Cement NewsSCG Indonesia, part of SCG Cement is set to launch operations of its first cement plant in Indonesia during the third quarter of the year. The US$356m cement plant, situated in Sukabumi, West Java, is slated to produce as much as 1.8Mta, SCG Indonesia country director Nantapong Chantrakul told reporters in Jakarta on Tuesday. The plant’s products, all of which will be sold locally, will enable SCG Indonesia’s cement operations to sustain itself without imported products from Thailand. “Mo... |