Cement News tagged under: Indonesia
Bosowa aims for larger slice of Indonesian market05 December 2012, Published under Cement NewsThe Bosowa Corporation is planning to invest around IDR3trn in its cement activities to gain a greater share of the thriving Indonesian market. Speaking to the Jakarta Post, Bosowa CEO Erwin Aksa, said the company will spend a total of IDR10trn (US$1.06bn) by 2014 with a special focus on the cement and energy-related sectors. Next year, it plans to spend IDR6trn, half of which will be dedicated to increasing cement capacity. “We will spend about IDR3bn on the cement sector and IDR3trn... |
Gresik eyes tie-up with Semen Baturaja, Indonesia30 November 2012, Published under Cement NewsSemen Gresik CEO Dwi Soetjipto has expressed an interest in synergising with another state-owned cement producer, Semen Baturaja, according to local press reports. "We see that such a synergy can improve Semen Gresik's position and Baturaja's inclusion can give added value," said Dwi at a press conference during the Investor Summit, earlier this week. The acquisition was planned after Semen Gresik had changed its name to Semen Indonesia and became a strategic holding company for products u... |
Indonesian full-year demand set to beat expectations30 November 2012, Published under Cement NewsIndonesian cement demand is seen closing this year 12 per cent ahead of 2011 figures, above previous expectations of eight per cent, but growth next year is likely to be impeded by capacity constraints, according to analysts at PT Samuel Sekuritas. Domestic cement consumption reached 44.64Mt in the January to October period of this year, an increase of 14.5 per cent compared to 38.98Mt last year, according to data from the Indonesian Cement Association. Next year, PT Samuel Sekurit... |
PT Semen Baturaja IPO set for Feb 2013, Indonesia29 November 2012, Published under Cement NewsIndonesian state-owned producer PT Semen Baturaja expects to list its shares on the Indonesia Stock Exchange in February 2013. Semen Baturaja has been ready to release a maximum of 2 billion shares, or equivalent to 35% of paid up capital, with a targeted Initial Public Offering (IPO) proceeds of IDR1trn. The company had appointed three underwriters for its IPO, namely PT Bahana Securities, PT Danareksa Sekuritas and PT Mandiri Sekuritas, Investor Daily reported. Semen Baturaja President D... |
Vanda Prima to build IDR1.4tn cement works23 November 2012, Published under Cement NewsIndonesian private cement producer Vanda Prima Listri announced plans to build a IDR1.4tn (US$145m) cement works in the Grobogan district of Central Jakarta. “If realised, the cement production per year is expected to reach one million tons,” said Bambang Darusalam, a commissioner at the company. Output is earmarked to meet demand in the nearby cities in Central java. The plan has been in the making since 1995, said the commissioner, but the global economic crisis forced it to the back... |
Bosowa starts construction on US$130m clinker unit20 November 2012, Published under Cement NewsPT Semen Bosowa Maros officially started construction on a new clinker plant in South Sulawesi as part of its expansion programme. Located in Maros, Kiln Plant Line 2 will increase production capacity to from 2.5Mta to 5.2Mta. Construction of the US$130m works is scheduled to be completed by the end of 2014. The new unit is expected to help the company increase its cement production to meet the country’s growing cement demand. “As of now, our cement production is 3.2Mta, only about 6% ... |
Indonesia’s October cement sales up 10.7%20 November 2012, Published under Cement NewsCement sales in Indonesia rose 10.7% YoY in October with the highest growth in the Moluccas and on Papua. October sales in the areas stood at 87,316t, representing a 68.5% hike on the previous year, according to data from PT Semen Gresik Tbk. Consumption increased 0.1% to 5.17Mt in October MoM with the highest demand on Java. Growth was supported by buoyant domestic demand and increasing investment. Thailand’s top industrial group, Siam Cement plc, announced plans to spend THB11bn (US$358... |
Semen Gresik to acquire Vietnam’s Thang Long Cement14 November 2012, Published under Cement NewsIndonesian cement producer PT Semen Gresik Tbk plans to acquire a majority stake in Vietnam-based Thang Long Cement JSC, according to Investor Daily. Thang Long operates a 2.3Mta works in Quang Ninh province. Surplus output from the works is earmarked for export to Myanmar, Bangladesh and several African countries. Semen Gresik’s president director Dwi Soetjipto declined to disclose the value of the deal but said the acquisition was funded with the company’s cash resources. However, th... |
Holcim: October ‘1209 November 2012, Published under Cement NewsHolcim is planning a considerable investment in modernising its Volsk works in Russia, which is currently using a wet process production system. Work is expected to start during the second quarter of 2013 and completion is scheduled for the third quarter of 2016. An official announcement about the exact plans is expected fairly shortly. Holcim Hungary is to close its Labatlan works next year. Closure had previously been deferred until 2016, with a new works to be commissioned by then. The... |
Holcim looking to build new Indonesian cement plant01 November 2012, Published under Cement NewsHolcim is reportedly planning to build a cement plant in Tuban, East Java in addition to the plant it is currently constructing to capture a further portion of Indonesia's huge long-term potential for cement demand. Holcim is currently building a new plant in Tuban on the main island of Java. Slated to come on-stream in the first half of 2013, this important plant will have a capacity of 1.6Mta of cement. With the long-term prospects for the Indonesian cement sector extremely bright, t... |