Cement News tagged under: Indonesia
Indonesia: January sales decline on floods10 February 2014, Published under Cement NewsCement sales in Indonesia declined by 0.3 per cent to 4.64Mta as heavy rains triggered extensive flooding, causing disruption to construction activity and distribution networks. Cement sales in Java fell by two per cent to 2.5Mt, state-owned Semen Indonesia announced on its website, citing data from the Indonesian Cement Association. Sales in Sumatra, Indonesia's second-largest market, dropped by one per cent to 1.02Mt. Semen Indonesia maintained its market share of 44 per cent. Its sub... |
Semen Indonesia plans IDR4trn capex in 201430 January 2014, Published under Cement NewsSemen Indonesia plans to spend IDR4trn (US$328.81m) to construct two plants in Rembang (Central Java) and Indarung (West Sumatra), the company’s CEO, Dwi Sutjipto, has said. Indonesia’s largest cement producer also plans to improve its distribution capabilities by establishing packaging factories in Balikpapan, Pontianak and North Sulawesi. Last year the company registered a net profit of more than IDR5.7trn, up 16 per cent YoY. Looking ahead, Semen Indonesia has said it is optimistic t... |
Indonesian demand expected to rise by 6-7%29 January 2014, Published under Cement NewsIndonesian cement consumption is expected to grow at a similar rate to 2013 despite cement price increases, as producers look to compensate for higher electricity costs and lower growth forecasts. Widodo Santoso, chairman of the Indonesian Cement Association, told the Jakarta Post that cement demand is expected to rise to 63Mt this year, a YoY increase of 6-7 per cent. Around 1Mt of demand is expected to be met by imports. Last year domestic consumption reached 58Mt, increasing by abo... |
PT Holcim Indonesia 2013 sales dip20 January 2014, Published under Cement NewsPT Holcim Indonesia Tbk reported lower sales volume in 2013, down two per cent to 8.43Mt compared to the 8.58Mt of cement sold in 2012. The company represented 14.5 per cent of the domestic market share, according to the Indonesia Cement Association (ASI) as reported by Kontan. Holcim currently operates cement plants in Narogong in West Java, Cilacap in Central Java and its new Tuban works which opened in 2H13. It has already secured US$315m for a second 1.7Mta line at Tuban, taking the co... |
Semen Indonesia eyes further Asian expansion15 January 2014, Published under Cement NewsFollowing the acquisition of a majority stake in Vietnam-based cement producer Thang Long Cement in 2012, Semen Indonesia is now setting its sights on expanding into Bangladesh as well as completing a deal in Myanmar this year. “We will probably acquire grinding mills in Bangladesh [...] but not this year,” Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post. Wiharto also said that Semen Indonesia is looking to acquire a cement company or establish a joint venture i... |
Indonesia full-year growth rate decelerates14 January 2014, Published under Cement NewsIndonesian cement sales increased by 5.6 per cent in 2013, less than half the rate of growth of 14.5 per cent the year before, due to slower demand particularly in outer Java. Domestic cement sales for the January-December 2013 period reached 58Mt, according to the latest data from the Indonesian Cement Association (ASI). Including imports sales reached 59.5Mt. In Java, sales growth slowed to 7.7 per cent compared to a 14. 6 per cent increase in 2012. “The growth fell drastically in out... |
PT Semen Indonesia to increase packing capacities13 January 2014, Published under Cement NewsPT Semen Indonesia plans to increase its number of packing plants to 30 over the next two years as part of the company's strategy of reducing logistic costs and bringing its product closer to customers. Indonesia's largest cement producer is set to inaugurate a packing plant in Banjarmasin, South Kalimantan, this month, company secretary, Agung Wiharto, told Antara News. "The presence of Banjarmasin's packing plant that will soon be inaugurated in January 2014, will further strengthen the e... |
Semen Indonesia: upbeat on 2014 outlook10 January 2014, Published under Cement NewsPT Semen Indonesia (Persero) Tbk, the holding company for domestic producers Semen Gresik, Semen Padang and Semen Tonasa and Vietnam-based Thang Long Cement, is upbeat on its outlook for 2014 following a positive performance last year. Total group sales, including exports to the end of November reached 23.41Mt, up 14.6 per cent YoY, the company said in a statement. Exports amounted to 317,560t during the period, a staggering 335.3 per cent YoY increase on the 72,950t traded the year befor... |
Semen Baturaja sets higher 2014 capex07 January 2014, Published under Cement NewsPT Semen Batujara plans to increase capital expenditure for this year by 87 per cent YoY to IDR750bn (US$61.58m), according to reports by the Investor Daily. The investments will be geared towards increasing capacity and financing operating costs. The company plans to build a new factory to boost its capacity from 2Mta to 3.85Mta. The new plant is scheduled to begin operations in the fourth quarter of 2016. Semen Baturaja raised IDR1.3bn from an Initial Public Offering in June and will put... |
Semen Indonesia anticipates double-digit 2014 sales increase03 January 2014, Published under Cement NewsSemen Indonesia expects an 11 per cent sales increase this year as the country’s leading producer enhances its distribution network to better serve expected increases in demand. The company said in a statement that sales might reach 31Mt this year, compared to 27.9Mt in 2013. Dwi Soetjipto, Semen Indonesia president director, said that the company is establishing its packing plants closer to customers to reduce costs and expand its sales network. In addition to 21 packing plants, the comp... |