Cement News tagged under: Indonesia
Upbeat outlook for Siam Cement PLC25 February 2015, Published under Cement NewsKasikorn Securities (Thailand) has reinitiated coverage of Thai conglomerate Siam Cement PLC with an 'Outperform' rating due to renewed optimism in domestic cement consumption and further improvement in its chemical business' profitability. The research house says the Thai cement industry is expected to resume its organic growth at about 6-7 per cent in 2015. “We believe that the industry has already passed the bottom with the government’s planned investment in major infrastructure projec... |
Indonesia: producers' shares fall on Widodo price move24 February 2015, Published under Cement NewsShares of two of Indonesia’s leading cement producers have lost at least 13 per cent from their July 2014 peak following the decision by the country’s new president to impose price cuts on state-owned cement manufacturers. During the presidential election last July, shares of PT Holcim Indonesia and PT Semen Indonesia jumped to one-year highs fuelled by bets that Widodo’s US$18bn infrastructure spending pledge would boost domestic cement demand and lead to an earnings windfall. However, la... |
Semen Baturaja reports January sales decline13 February 2015, Published under Cement NewsState-owned cement producer Semen Baturaja recorded a 9.7 per cent decline in January sales volumes, due to increased rainfall and weakening commodity prices which resulted in property and infrastructure developments being delayed. "Until the end of January of this year, we managed to sell 90,764t valued at IDR87.552bn," corporate secretary Zulfikri Subli told local press. However, the company expects sales volume to rise in the following months, bringing total sales this year to incre... |
Indocement sees volumes rising 6% YoY13 February 2015, Published under Cement NewsPT Indocement Tunggal Prakarsa expects volumes to grow six per cent this year, reported Kontan, citing CEO, Christian Kartawijaya. The HeidelbergCement group reported cement sales of 18.8Mt in 2014, up three per cent YoY, thanks to increased capacity. The company said it will spend IDR5trn (US$391m) on capital expenditure this year. The 14th line at its Citeureup plant in West Java is expected to start operating from the third quarter of this year. |
Indonesia's January sales decline12 February 2015, Published under Cement NewsIndonesian cement sales fell by 2.9 per cent YoY to 4.5Mt in January 2015, as heavy rains affected construction activity in several areas. Most region of the country registered a drop in demand during the month. Widodo Santoso, head of the Indonesia Cement Association (ASI), said that the largest declines were recorded in Kalimantan (-12.9 per cent) and Sumatra (-9.6 per cent). Sales on the main island of Java remained stagnant at 2.55Mt. There was, however, a large rise recorded in the M... |
Semen Indonesia03 February 2015, Published under Cement NewsPT Semen Indonesia has revealed plans to spend IDR7-9trn on capital expenditure in 2015, up by IDR3trn on 2014’s figure. Around IDR5trn has been earmarked for two new plants, one in Rembang in Central Java, which is due to start operations in 4Q16, and another in Indarung in West Sumatra, which is due to begin production in 1H16. The two new plants will add 6Mta capacity to the company’s current 31.8Mta. An additional IDR1-2trn has been allocated for upgrading packing plants with a further I... |
All eyes on the ASEAN30 January 2015, Published under Cement NewsThe southeast Asian cement markets of the Philippines, Vietnam and Thailand are set for continued growth in 2015, while elsewhere in the region there is plenty to keep investors interested. Philippines – sustained growth ahead Cement industry sales in the Philippines have benefitted from robust demand thanks to bustling construction activity nationwide. Last year sales increased by 8.7 per cent YoY, according to the Cement Manufacturers’ Cement Association of the Philippines (CeMAP). Loc... |
Indocement expects 5-6% sales rise27 January 2015, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk, part of the HeidelbergCement Group, said sales would rise 5-6 per cent this year on hopes of strong demand from the infrastructure sector, Kontan reported, quoting the company's corporate secretary, Sahat Siahaan. The country's second-largest cemen producer expects to boost production capacity to 24.9Mta by the end of this year, from last year's 20.5Mta as production starts at its 14th factory at its sizeable Tuban works. A recent visit by UBS to ascertai... |
Acting Semen Indonesia CEO named new head23 January 2015, Published under Cement NewsPT Semen Indonesia Tbk on Friday appointed acting chief executive officer, Suparni, as its new head. His term will expire in 2019. Suparni, who goes by one name only, had been Acting President Director since the departure of former president director Dwi who was selected in November last year to lead state oil and gas giant Pertamina. Suparni joined Semen Indonesia in 1986. His previous postings were production director of Semen Gresik's Tuban plant since 2007, Head of Corporate Deve... |
Bangladesh, Indonesia and Malaysia remain Vietnamese top importers23 January 2015, Published under Cement NewsBangladesh, Indonesia and Malaysia were the top importers of Vietnamese clinker and cement exports last year, the Vietnamese Ministry of Industry and Trade said on its website. Bangladesh took the lead after importing 8.39Mt of cement worth US$323m from Vietnam last year, while Indonesia came second with 2.65Mt worth US$123m and Malaysia ranked third with 1.28Mt worth US$62m. Following on was the Philippines with 1.15Mt worth US$44.26m, and Chile with 566,797t worth US$31m. Vietnam e... |