Cement News tagged under: Indonesia
PT Semen Indonesia03 September 2014, Published under Cement NewsPT Semen Indonesia has posted a disappointing 12.8 per cent rise in revenue to IDR12.88trn (US$1.13bn) in 1H14, compared to growth of 31.9 per cent in the same period last year. Sales volumes during the period came in 4.6 per cent higher at 12.8Mt, but this was still far lower than the 18.5 per cent growth seen in the first half of 2013. Net profit reached IDR2.82trn, 9.3 per cent up YoY. Semen Gresik accounted the 54 per cent of sales, followed by Semen Padang with 26 per cent and Semen Ton... |
Semen Indonesia looks to diversify business portfolio29 August 2014, Published under Cement NewsSemen Indonesia is exploring potential in non-cement related industries as it looks to diversify its business portfolio, with the property business first on its list. Company finance director Ahyanizzam told reports on Thursday that the firm is looking to invest IDR200bn (US$17.1m) to establish a subsidiary focussed on the property business. Its first project will be to develop a 200ha plot of land in Gresik, East Java, into a township, the Jakarta Post reported. State-run constructio... |
Semen Indonesia recognised for renewable energy efforts25 August 2014, Published under Cement NewsSemen Indonesia has won an award from the country's Energy and Mineral Resources Ministry in recognition of its renewable energy efforts. PT Semen Indonesia group companies, including Semen Padang and Semen Tonasa, have been using biomass as alternative energy source to replace coal and reduce electrical energy in stages. "The award has confirmed the commitment of Semen Indonesia in implementing a concept of sustainable business," said Semen Indonesia president director Dwi Soetjipto. ... |
Indonesian demand poised for recovery13 August 2014, Published under Cement NewsIndonesian cement demand is poised to pick up following a 25 per cent YoY decline last month, analysts at CIMB have said. The bank says July's unusually weak figures were due to a combination of the presidential election and Eid celebrations. Despite the weak figures, CIMB says July 2014 demand was actually higher than August 2013, the time of Eid last year, suggesting that the sector is stronger than originally thought. The Indonesia Cement Association (ASI) is also confident of a rev... |
Indonesian July 2014 cement delivery fall 25%11 August 2014, Published under Cement NewsIndonesian cement dispatches dropped by a quarter YoY to 3.7Mt in July 2014. The slowdown is attributed to falling economic growth, the presidential election and the Idul Fitri/Lebaran holiday. Apart from business closures, the holiday also leads to the large-scale movement of workers to their hometowns, which results in trucks being banned from specific roads. According to Widodo Santoso, chairman of the Indonesian Cement Association (ASI), cement sales are expected to recover and expand... |
Semen Indonesia to expand to 72.9Mta by 203011 August 2014, Published under Cement NewsPT Semen Indonesia said that it intends to expand its production capacity to 72.9Mta by 2030. As a result, output potential would more than double its present capacity of 31.8Mta, according to Dwi Soetjipto, Semen Indonesia's president director. The higher capacity would be achieved through building more plants or acquire the works of other cement producers, he added. "In 2014, the company has carried out strategic preparations for further expansion. The process of groundbreaking has bee... |
Semen Indonesia outlines 2015 capex07 August 2014, Published under Cement NewsSemen Indonesia has earmarked US$500m in capex next year in anticipation of an increase in infrastructure projects over the next five years, its president director has said. Dwi Soetjipto told the Jakarta Post that the state-owned cement producer will use the investments to build or upgrade cement plants and to improve the company’s distribution network. Dwi added that the company aims to produce 40Mta of cement by 2017. He expects demand to jump over the 2014-19 period due to infrastruct... |
Holcim Indonesia secures IDR4bn loan04 August 2014, Published under Cement NewsPT Holcim Indonesia has secured a IDR400bn (US$34.09m) loan from Bank Sumitomo Mitsui Indonesia which it plans to use for working capital, Reuters quoted the cement producer's CEO, John Ginley, as saying. The firm is currently working on Tuban Line II in East Java, with a capacity of 1.7Mta, which is expected to start operations in the first quarter of 2015. The new line is identical to Tuban Line I which was officially launched last month. First-half performance Gross profit was margina... |
Capstone wins order for Indonesian cement plant21 July 2014, Published under Cement NewsCapstone Turbine Corporation has received an order from Indonesia for a Capstone C800 system to power a cement factory in Balikpapan, Indonesia. The order was secured by Serba Dinamik, Capstone's exclusive distributor for Indonesia, Malaysia, and Brunei and is expected to be commissioned in September 2014. The cement factory will be powered exclusively by the Capstone C800 microturbine. After securing a steady supply of liquefied natural gas (LNG) to replace high cost diesel fuel, the fact... |
SCG: second-quarter earnings drop expected, outlook upbeat17 July 2014, Published under Cement NewsSiam Cement, Thailand’s largest industrial conglomerate and leading cement producer, is expected to report a 10.5 per cent drop in second-quarter earnings, according to KGI Securities. The decline is mainly attributed to falling regional demand for chemical products. KGI analyst Nat Panassutrakorn has revised down his full-year net profit forecast by 8.2 per cent to THB34.5bn (US$1.1bn), but is more upbeat about longer-term prospects. "Revival in local confidence, quick disbursement fr... |