Cement News tagged under: Indonesia
Rembang project temporarily halted, Indonesia06 November 2014, Published under Cement NewsCentral Java Governor, Ganjar Pranowo, has said that Semen Gresik's cement plant project in Watuputih, Rembang, has been halted to respect the process of a citizen lawsuit at the Commercial Court in Semarang, Central Java. The lawsuit, filed by residents who rejected the exploration plan, wants to overturn the governor’s decision of 7 June 2012 reading the plant’s environmental permit. An industry source told CemNet news that Mr Pranowo received a letter of recommendation from the the Nat... |
Semen Indonesia seeking IDR1-2trn banking loans05 November 2014, Published under Cement NewsPT Semen Indonesia Tbk is seeking banking loans of IDR1-2trn (US$82.1-164.3m) to finance its 2015 capital expenditure of IDR5trn, said Corporate Secretary Agung Wiharto. (Source: Reuters) |
PT Holcim Indonesia secures loans from Bank Sumitomo03 November 2014, Published under Cement NewsPT Holcim Indonesia Tbk said it secured loans worth IDR1trn (US$82.54m) from PT Bank Sumitomo Mitsui Indonesia, to refinance loans to its holding, Holderfin BV The Netherlands, and other financing firms. The company's total debt to its holding company reached IDR1.25trn. |
Semen Indonesia 9M14 profit up 4.9%31 October 2014, Published under Cement NewsSemen Indonesia, the country's leading cement producer, recorded a net profit of IDR4.09trn (US$336.3m) in the first nine months of this year, a 4.9 per cent increase from the IDR3.9trn recorded a year earlier. The state-owned producer’s revenues surged by 10.9 per cent during the January to September period to IDR19.3trn from IDR17.4trn in the same period of last year. However, a foreign exchange loss of IDR56.3bn as of the third quarter of this year, more than a double from IDR22.6bn in ... |
Indonesia: Semen Baturaja to build three new plants in phases22 October 2014, Published under Cement NewsIndonesia's state-owned PT Semen Baturaja will build three new plants as a multistage project. At present, the works still require licences and approval from local communities around the project sites. "In general, the project is ready for implementation, but the process is not yet wrapped up for all the licences needed. Only one of the factories is expected to be implemented by the end of this year or early next year," chief spokesman of the South Sumatra-based company Sahadi said. The... |
Semen Indonesia scales back full-year growth target14 October 2014, Published under Cement NewsPT Semen Indonesia has reduced its 2014 sales growth target from 5-6 per cent to 4-5 per cent due to a slowdown in cement sector, its corporate secretary, Agung Wiharto, said. Mr Wiharto told Reuters that the state-owned company did not achieve its sales volumes target in the third quarter of this year. Sales volumes in the three months to the end of September 2014 reached 19.1Mt, up three per cent from 18.5Mt a year earlier, representing 71 per cent of its 2014 full-year target. Indonesi... |
Semen Indonesia set to acquire land for new Papua plant13 October 2014, Published under Cement NewsPT Semen Indonesia will soon acquire 500ha of land in West Papua for the construction of a cement plant at a cost of around US$150m. Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post that the firm would sign a memorandum of understanding (MoU) later this year to procure the land for the first cement factory in the province. "For a capacity of around 1Mta, we might need around 500ha," Agung said. Construction of the new plant is expected to begin in 2015. The new plant... |
Indonesian Jan-Sept demand up 3.4% YoY10 October 2014, Published under Cement NewsIndonesian cement demand in the first nine months of 2014 rose by 3.4 per cent YoY to 42.993Mt, latest data from the Indonesia Cement Association (ASI) reveals. Strong gains have been seen in the past months. During September alone, sales increased by 5.7 per cent to 5.632Mt, compared to 5.329Mt in the same month of last year. However, while the the fourth quarter is traditionally strong as large-scale projects need to be completed by year-end, industry commentators caution that demand ma... |
Southeast Asian producers eye eastern Indonesian investments07 October 2014, Published under Cement NewsA number of Southeast Asian companies are reportedly eyeing the construction of cement plants in eastern Indonesia, according to Andi Unggul Attas, president director of PT Semen Tonasa, Mr Attas told local press that investors from China, Thailand, and Vietnam are targeting the eastern Indonesian market in regards to the ASEAN Economic Community in 2015. "The level of cement demand in Indonesia is the highest in Southeast Asia, so naturally everyone has their eyes here," he said in Pa... |
Semen Tonasa plans Papua factory, Indonesia03 October 2014, Published under Cement NewsPT Semen Tonasa plans to develop a new factory in Papua with a total investment of up to IDR3trn (US$247.08m), to cut distribution costs, according to its CEO, Unggul Atas. Sales in the eastern provinces of Papua and Maluku until August reached 787,408t, down 1.5 per cent from a year earlier. Cement consumption in Papua and Maluku was 1.2Mt in 2013, down two per cent from 1.22Mt a year earlier. (Source: Investor Daily, Indonesia) |