Cement News tagged under: Indonesia
PT Holcim Indonesia seeks US$175m loan26 May 2014, Published under Cement NewsPT Holcim Indonesia is seeking US$175m syndicated loan this year to pay debt and finance working capital, according to finance director Kent Carson. The company's debt maturing in November this year amounts to IDR1.15trn (US$99m), Carson added. |
PT Loesche Indonesia service hub officially inaugurated15 May 2014, Published under Cement NewsLoesche has officially opened its new service hub in Jakarta, Indonesia, with an introductory seminar and inauguration ceremony for invited customers and potential business partners. PT Loesche Indonesia has been in full operation since January 2014. This country unit focuses on plant modernisation and spare part supply, as well as on-site support with all kinds of services for audits, maintenance, installation, and commissioning activities for the entire Indonesia region. To introduce del... |
Indocement outlines 2014 capex14 May 2014, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, plans to spend between IDR4.5trn (US$390.07m) and IDR5trn in capital expenditure this year, up from last year's IDR2.1trn, Reuters cited company Finance Director Tju Lee Sukanto as saying. Indonesia’s second-largest cement producer commissioned an additional 1.9Mta of grinding capacity during the first quarter of this year. A further 4.4Mta will come on-stream in 2015, with two 2.5Mta greenfield works being planned for 20... |
Indonesian monthly cement sales contract12 May 2014, Published under Cement NewsCement sales in Indonesia declined 0.4 per cent YoY in April to 4.52Mt, according to data from the Indonesia Cement Association (ASI). Speaking to local press, Widodo Santoso, chairman of the ASI, said: “Demand for building material was low throughout the legislative campaigns, which is why cement sales were down last month. Figures for the sales of cement have declined throughout the archipelago. Sales in Sumatra dropped by four per cent to 934,000t, Kalimantan saw an 8.7 percent d... |
Indonesia: electricity price rise alarms cement producers08 May 2014, Published under Cement NewsSurging electricity costs resulting from subsidy withdrawal by the Indonesian government have been cited as the reason for Holcim Indonesia to bring forward plans to increase cement prices this year and for PT Semen Indonesia to consider doing the same. The government began raising electricity costs on 1 May 2014 by either 38.9 per cent or 64.7 per cent, depending on businesses’ power consumption. Eamon Ginley, Holcim Indonesia president director, said that the cement-price increase was ... |
Semen Indonesia first-quarter sales rise 3.5%17 April 2014, Published under Cement NewsPT Semen Indonesia, the country’s leading cement producer, sold 6.16Mt of cement to the domestic market during Jan-March 2014, a 3.5 per cent increase compared to the same period last year. During the first three months of this year, Indonesian consumption increased by 3.7 per cent, a much slower rate compared to the 8.6 per cent growth registered in 1Q13. The 1Q14 slowdown was partly attributed to adverse weather conditions in January and February but domestic demand rebounded in March, in... |
Bosowa Maros plans IPO by 201616 April 2014, Published under Cement NewsThe Bosowa Group of Indonesia plans to take its cement unit, Semen Bosowa Maros, to an initial public offering by 2016. “We may go public within the next two years. The market’s been anticipating Semen Bosowa will go public, since many cement makers have entered the bourse,” Sadikin Aksa, managing director at Bosowa Corporindo, told the Jakarta Globe. While the company is focussing on the local market for the time being, it also plans to expand to Vietnam and Myanmar within five years, ... |
Indonesia 1Q14 sales growth slows14 April 2014, Published under Cement NewsIndonesian cement consumption slowed during the first quarter of this year despite a strong rebound in March sales, latest data by the Indonesia Cement Association (ASI) shows. For the first three months of the year, demand rose by 3.7 per cent YoY to 14.08Mt compared to 13.58Mt in the comparative period of 2013. However, annual growth in the 1Q13 was much higher at 8.6 per cent. According to the data, consumption during the Jan-March 2014 period fell in almost all regions. Consumptio... |
Gresik inks loan facility for Rembang construction27 March 2014, Published under Cement NewsPT Semen Gresik, part of the Semen Indonesia group, has as secured a letter of credit (L/C) facility to help finance the construction of its Rembang greenfield works in Central Java, Indonesia. The facility agreement, worth INDR1.4trn (US$122.53m), was signed on Friday by Semen Gresik president director Gatot Kustyadji and state lender Bank Mandiri institutional banking director Abdul Rachman. Under the deal, Mandiri has agreed to issue L/Cs to Semen Gresik for the next 42 months to suppor... |
PT Semen Indonesia27 March 2014, Published under Cement NewsState-owned cement producer, Semen Indonesia, has secured an IDR1.4trn (US$123m) non-cash loan from Bank Mandiri to purchase equipment for its new plant in Rembang, Central Java. The plant, which is already under construction, will have a production capacity of 3Mta and will require an investment of IDR3.7trn until 2016. The company is also in talks with the bank for another loan for its proposed plant in Indarung, West Sumatra, which requires an investment of IDR3.2trn. The company repor... |