Cement News tagged under: Indonesia
Holcim04 January 2013, Published under Cement NewsThe Holcim associate Siam City Cement is to re-commission the two kilns that have been idle since 2008. One of the kilns will be fired again in October 2013, boosting active capacity by 1.4Mta. The second kiln will be re-lit some time during 2014. With all six kilns in operation, Siam City will have a capacity of 12.5Mta of clinker and 14Mta of cement. Siam City Cement is also contemplating building an integrated cement works in Cambodia, where it currently has a 49 per cent market share. A... |
Further double-digit gains forecast for Indonesian demand03 January 2013, Published under Cement NewsIndonesian cement consumption is expected to rise between 10-12 per cent in 2013, driven by developments in the property and infrastructure sector, according to estimates by the Indonesian Cement Association (ASI). Cement demand last year is expected to have increased by 14.5 per cent to 55Mt. The ASI is optimistic that this high growth trajectory can be sustained this year thanks in part to the economic development master plan (MP3EI). “The domestic cement consumption is still high, ... |
Semen Gresik sets US$400m for 2013 capex02 January 2013, Published under Cement NewsIndonesia’s largest cement producer PT Semen Gresik has set US$400m in capital expenditure for its corporate business activities, according to its president Dwi Soetjipto. "The expenditure will be used to carry out a number of corporate business activities such as continuing the company`s transformation into a holding firm, namely PT Semen Indonesia Tbk," Mr Soetjipto, told reporters. He said that the other corporate activities included the integration of Thang Long, a Vietnamese firm i... |
Holcim Indonesia agrees to higher royalty payout02 January 2013, Published under Cement NewsPT Holcim Indonesia has increased the royalty to its parent company – a move that has surprised some analysts and caused the cement producer to plunge the most in four years in Jakarta trading. Holcim Indonesia slumped 17 per cent to IDR2900 on 28 December 2012, the steepest decline since October 2008 and the biggest drag on the benchmark Jakarta Composite Index, according to reports by Bloomberg. The company, based in Jakarta, signed a royalty agreement with Holcim Technology Ltd on 2... |
Semen Gresik seals Vietnam deal20 December 2012, Published under Cement NewsIndonesia’s leading cement producer PT Semen Gresik has signed deal worth US$157m with Hanoi General Export-Import JSC (Geleximco) on 18 December to acquire 70 per cent stake in Thang Long Cement JSC. Under the agreement, first reported in mid-November, Semen Gresik will become a strategic shareholder of Thang Long Cement JSC, a joint venture between the state-run Vietnam Machinery Installation Group (Lilama) and Geleximco, local press reported on Wednesday. Thang Long Cement has a cem... |
Indonesia Jan-November 2012 sales rise 15%17 December 2012, Published under Cement NewsIndonesia's cement sales have continued their upward trend, with domestic consumption having risen 15 per cent in the first 11 months of 2012, thanks to the country's infrastructure and property sectors. Cement sales rose to 49.9Mt between January-November 2011, state-owned cement producer Semen Gresik reported on its website on Friday citing data from the Indonesian Cement Association (ASI). "Increases in cement consumption were driven by the property and infrastructure sectors, as we... |
Semen Baturaja IPO set for February 201312 December 2012, Published under Cement NewsIndonesia state-owned cement producer PT Semen Baturaja is planning an Initial Public Offering (IPO) for next February to raise funds to construct a new cement plant. The company aims to raise up to IDR1trn (US$103.79m) by selling up to 35 per cent of its enlarged capital, Reuters cited Semen Baturaja director, Pamudji Raharjo, as saying. The funds raised will be used for the construction of a new 1.5Mta cement factory in Pabrik Baturaja II. The project is slated for completion in 2015... |
Nomura raises target price on Indocement10 December 2012, Published under Cement NewsNormura Equity Research has raised its target price on Indonesia’s second largest cement producer PT Indocement Tunngal Prakarsa (INTP) from IDR23,400 to IDR26,900 (US$2.43 to US$2.79). T he research house has maintained its ‘buy’ recommendation on higher production volume and improved enterprise value/EBITDA. "Despite recent outperformance of the cement sector and INTP's share price, we still favour the sector, as in our view the cement sector and INTP will continue to benefit from ris... |
Indonesia: Bosowa Group to extend ties with QNB06 December 2012, Published under Cement NewsIndonesia's Bosowa Group, plans to boost cooperation with Qatar National Bank by inviting the Qatari commercial lender to establish several joint ventures in non-banking financial institutions, reports the Jakarta Globe. Bosowa, which runs businesses ranging from taxi operations to power-plant construction and cement production, and QNB are investing partners in a locally incorporated bank, Bank QNB Kesawan. Bosowa now owns a 23% stake in the Indonesian lender, and QNB owns a majority stake... |
Thailand's Siam Group to establish Banten cement plant, Indonesia05 December 2012, Published under Cement NewsThailand’s largest cement producer Siam Cement Group plans to establish a cement plant in the Lebak district of Indonesia, Banten province, according to media reports. Banten is the westernmost province of Indonesia on the island of Java "We project cement production to reach 6000tpa from PT Gama Group and Siam Cement Group which will operate as of 2013," chief of the Lebak District Integrated Licensing Service Office (KPPT) Hari Setiono told Antara News. The KPPT chief said that the provi... |