Cement News tagged under: Indonesia
SCG positive on Thai demand outlook22 January 2015, Published under Cement NewsThai cement demand is expected to increase by six per cent in 2015 after remaining flat last year, and prices are expected to hold relatively steady despite new capacity on the way, the country’s leading cement producer has said. Speaking during the SCG Dinner 2015 hosted last week, CEO Kan Trakulhoon pointed out that demand resumed YoY growth in December and this year demand will be driven by state infrastructure and commercial projects, Bualuang Securities reported. After reaching a r... |
Indonesia lowers SOE-produced cement prices19 January 2015, Published under Cement NewsIndonesia’s President Joko Widodo has decided to lower the selling price of cement produced by State-Owned Enterprises (SOE) by IDR3000/bag. On Friday last week, the president announced the price cuts of the SOE-produced cement, adjusted to the cut in subsidised gasoline (Premium) prices from IDR7,600/litre to IDR6,600/litre. SMGR corporate secretary Agung Wiharto said that although selling prices are lowered, the company will continue to maintain its EBIDTA margin at 30 per cent. In the t... |
Indonesia: a return to higher ground?16 January 2015, Published under Cement NewsAs Indonesia’s cement sales growth disappointed last year, the industry is hoping a revival of government infrastructure spending will help overcome recent challenges and return demand levels to higher ground. From strong double-digit growth rates experienced in the 2011-12 period, Indonesian cement volume expansion has been slowing over the past two years. Latest industry figures show that Indonesian cement sales increased by just 3.6 per cent in 2014, dragged down by higher interest rat... |
Indonesia: Semen Bosowa sets aside US$500m for expansion13 January 2015, Published under Cement NewsSemen Bosowa is setting aside US$500m this year to expand capacity in anticipation of a pick-up in demand across the country. The company is building cement plants in Maros (South Sulawesi), Ciwandan (Banten), Banyuwangi, (East Java), Rembang, (Central Java) and Sorong (West Papua). The plants would boost the group’s cement production capacity to 12Mta over the next three years from 3Mta of present. “Bosowa is expanding because we see the cement industry growing,” group chief executive Erw... |
Indonesia: 2014 cement sales fall short of expectations12 January 2015, Published under Cement NewsIndonesian cement sales fell short of expectations last year, increasing by 3.6 per cent YoY to 59.9Mt, according to the latest data from the Indonesia Cement Association (ASI). Including exports, total sales increased by three per cent to 60.174Mt. Cement exports were upby 30.5 per cent to 220,284t while clinker exports fell 88.7 per cent to 44,878t. Java remained the largest cement consumption market, accounting for 33.7Mt of sales (+4.1 per cent), followed by Sumatra with 12.4Mt (+2.2 p... |
Stronger markets in 2015?09 January 2015, Published under Cement NewsWhat does 2015 have in store for the cement sector? After three relatively poor years in terms of global construction expansion, Morgan Stanley (UK) predicts a tentative recovery in world consumption in spite of a significant slowdown in China, according to new analysis published in International Cement Review. Morgan Stanley expects global cement demand, inclusive of China, to rise to 2.8 per cent in 2015, marginally up from the 2.5 per cent growth recorded in 2014, which was the ... |
Semen Baturaja on course to meet 2016 production target, Indonesia08 January 2015, Published under Cement NewsPT Semen Baturaja is on course to achieve its production target of 3.6Mt in 2016 to help meet increasing demand in South Sumatra and neighbouring regions. The state-owned Indonesian company is seeking to expand its production capacity and build a number of new production facilities to meet the target, company’s chief spokesman Sahadi told local press. He said the company has optimize the capacity of its three factories, which are located in Palembang and Baturaja in South Sumatra and in... |
Semen Indonesia outlines 2015 capex plans07 January 2015, Published under Cement NewsPT Semen Indonesia Tbk has prepared capital expenditures worth IDR7-9trn (US$550m-706m), to fund new plants, upgrades and possibly further international expansion. Of the total, around IDR5trn would be invested in the new plants in Rembang, Central Java, and Indarung, West Sumatra, the company’s finance director Ahyanizzaman told the Jakarta Post. The new plant in Indarung was expected to start operating in the first half of next year, while the plant in Rembang was expected to begin oper... |
Anhui Conch Cement Co23 December 2014, Published under Cement NewsPT Conch, a subsidiary of Anhui Conch Cement, has opened its greenfield cement plant in South Kalimantan, Indonesia. With a production capacity of 1.5Mta, the project has cost US$202m and is strategically located 30km from Tanjung, capital of the Tabalong regency.The facility includes a 36MW steam-powered electric plant. According to the Head of Regional Development Planning Board of Tabalong, construction of the plant, which began in 2012, is part of the previous regime’s programme o... |
Indonesia: Rembang protests continue22 December 2014, Published under Cement NewsResidents of the Rembang regency in Central Java, Indonesia, are continuing to protest against the planned construction of Semen Indonesia's greenfield plant in the area, according to the Jakarta Post. The report states that last week, hundreds of residents staged a rally in front of the governor's office on Jl Pahlawan, Semarang, protesting against the development of the 8000tpd factory. The protesters arrived in tens of open trucks and were grouped under the Central Java Food Sovereignty ... |