Cement News tagged under: Indonesia
Chinese companies ink Indonesian plant agreement26 September 2014, Published under Cement NewsTwo Chinese companies signed an agreement on Thursday to jointly invest in an Indonesian cement factory as part of investment cooperation measures agreed by the two countries in 2013. State Development and Investment Corp (SDIC) and Anhui Conch Cement Company (Conch) will fund the project of building production lines and relevant facilities of the factory located in West Papua Province. After the construction is completed, the factory will have a capacity of 3Mta, serving for Indonesia'... |
Indonesia, Taiwan and Malaysia top Vietnam's eight month export table26 September 2014, Published under Cement NewsIndonesia, Taiwan and Malaysia were the largest importers of Vietnamese clinker and cement in the first eight months of this year, latest data from Vietnam’s Ministry of Industry and Trade shows. During the period, Indonesia imported 1.56Mt of clinker and cement worth US$73m from Vietnam, while Taiwan acquired 933,128t worth US$40m and Malaysia purchased 904,117t worth US$44m. Next in line were the Philippines (721,060t worth US$27m) and Cambodia (348,139t worth US$19m), the ministry ad... |
Semen Indonesia seeks loan for Papua plant construction25 September 2014, Published under Cement NewsSemen Indonesia is seeking IDR600-IDR840bn(US$50-70m) in bank loans to help finance construction of a new cement plant in Jayapura, Papua, according to reports by the Jakarta Globe. Indonesia's largest cement producer has recently announced its intention to construct the first cement plant in the country's most eastern-most province to meet the region's demand potential and reduce distribution and logistic costs. “For the Papua plant, we will seek external funds like from loans on top of e... |
Indonesian firms expect better second-half23 September 2014, Published under Cement NewsTwo of Indonesia's top three cement producers are expecting a better financial performance in the second half of this year, on the back of growing demand despite a projected slowdown in the country's economy. Christian Kartawijaya, president director of Indonesia's second-largest producer PT Indocement Tunggal Prakarsa, told reporters at the Investor Summit 2014 that there would likely be more construction projects carried out in the second half of the year. “The projected growing cement ... |
Semen Indonesia eyes Papua plant construction17 September 2014, Published under Cement NewsPT Semen Indonesia is considering the possibility of constructing a cement plant in Papua to meet demand potential in the country’s eastern-most province and reduce distribution and logistic costs. Dwi Soetjipto, Semen Indonesia president director, told local press that the plant would either be located in Jayapura or Manokwari, the two largest cities in proximity to a limestone quarry. "We hope the study can conclude soon so that we can include the investment needed for the plant in o... |
Vanguard signs east Indonesian mining concession15 September 2014, Published under Cement NewsVanguard Mining Corporation has agreed with Yupolo Resources to buy 80 per cent of equity interest in the company and co-develop a 3500ha gypsum and limestone concession in Nusa Tenggara Timur, Indonesia. It is expected that the gypsum deposits will be in excess of 30Mt, while the limestone deposits are approximately 400Mt. The proposed mining concession is just 4km from the newly expanded Menanga Sea Port. Both the companies are jointly planning to develop this concession in four stages... |
CIMB upgrades Semen Indonesia14 September 2014, Published under Cement NewsAnalysts at CIMB has upgraded Semen Indonesia to an add rating and lifted its target price from IDR17400 (US$1.46) to IDR18300 following a substantial government-mandated increase to dividend payouts of cash-generative state-owned enterprises. "While it remains to be seen if such high payout would continue into 2016, Semen Indonesia can afford to do so if asked, in our calculation, with marginal impact on profit-and-loss and balance sheets," CIMB writes. It calculates that the company'... |
Indonesian August sales higher11 September 2014, Published under Cement NewsIndonesia cement sales jumped 37.4 per cent YoY to 4.7Mt in August 2014 on the back of higher demand from the property and infrastructure projects. Widodo Santoso, chairman of the Indonesian Cement Association (ASI), said that the development of smelters, power plants, apartments, hotels, and social housing has been key to improved cement sales last month. However, the 37.4 percentage point growth was also caused by fewer working days in August 2013 as the Idul Fitri holiday fell in that ... |
Semen Indonesia looks to serve growing Papua market05 September 2014, Published under Cement NewsSemen Indonesia is looking to further cater the Papua area of Indonesia, one of the fastest-growing markets in the country. Company President Director, Dwi Soetjipto, told the Jakarta Post that Papua and Maluku have been recording strong levels of growth, rising from 1.22Mt in 2012 from 760,000t in 2011. Dwi said that most cement demand in Papua was for the construction of various buildings, including housing and offices, and was in line with the area's surging economic growth. To cater t... |
Vietnam’s export volumes up 20% YoY04 September 2014, Published under Cement NewsIn the first seven months of this year, Vietnam earned US$563.15 from exporting 13.1Mt of clinker and cement, up 24 and 20.4 per cent in value and volume terms, respectively. Indonesia, Taiwan and Malaysia were the top importers of Vietnamese exports during the period, according to figures from the Vietnamese Ministry of Industry and Trade. Indonesia imported 1.42Mt of clinker and cement worth US$69m, Taiwan acquired 863,270t worth US$37.6m and Malaysia purchased 700,880t worth US$34.7m. ... |