Cement News tagged under: Indonesia
Siam Cement outlines Southeast Asian expansion plans26 October 2012, Published under Cement NewsThailand’s Siam Cement Group has outlined further details of plans to expand its cement presence in Southeast Asia. According to reports in The Nation, the group is to invest THB11bn to set up a cement plant in West Java, Indonesia with a capacity of 1.8Mta which is scheduled to commence operations in 2015. The board has also approved a THB5.5bn (US$ 357m) investment to increase capacity of the group’s Kampot Cement plant in Cambodia by about 0.9Mta, with the additional output expecte... |
Siam Cement net profit down, approves investment, Thailand24 October 2012, Published under Cement NewsSiam Cement PCL said Wednesday its third-quarter net profit fell 13 per cent from a year earlier, mainly because of higher expenses and cost of sales. Meanwhile, its board has approved THB16.5bn (US$53.6m) worth of cement investments to increase its footprint in Southeast Asia. The company posted a net profit of THB6.42bn (US$208.8m) for the three months ended 30 September, compared with THB7.38bn in the same period a year earlier, its filing to the Stock Exchange of Thailand showed. Sa... |
Semen Gresik to issue US$150m global bonds next year, Indonesia18 October 2012, Published under Cement NewsPT Semen Gresik plans to issue US$150m of global bonds in 2013 to finance its plan to buy a smaller rival in Southeast Asia, Reuters reported the company’s CEO Dwi Sutjipto saying. He said earlier that the company plans to issue around US$500m of global bonds this year but the firm decided to delay the issuance. Sutjipto also said it plans to raise an additional IDR3-4trn (US$417.32m) via a combination of local currency bonds and commercial loans to fund its expansion plan, mainly in Myan... |
Semen Gresik opens new Tuban cement plant, Indonesia17 October 2012, Published under Cement NewsState-controlled cement maker Semen Gresik has opened its IDR3.18trn (US$332m) cement factory in Tuban, East Java, in the presence of Indonesia’s State Enterprises Minister Dahlan Iskan. Dwi Soetjipto, the president director of Gresik, said the plant, which is Gresik’s fourth in Tuban, has a capacity of 3Mta. “The Tuban IV plant officially started commercial production on July 1, 2012, even though its finishing mill and packer have been operational since January 2012,” he said. Wit... |
Indonesian September sales rise 34.4 per cent YoY12 October 2012, Published under Cement NewsIndonesian cement sales in September surged to a record high in September after dipping a month ago due to fewer working days during the Muslim festivities, data from the country's largest cement producer PT Semen Gresik Tbk showed on Friday. September sales soared 34.4 percent from a year ago to 5.2Mt boosted by increasing monthly sales in main islands of Java and Sumatra, the data said. While sales in the island of Moluccas and Papua fell 21.7 percent on a monthly basis. "We... |
Indonesia/Japan agree on infrastructure plan11 October 2012, Published under Cement NewsIndonesia and Japan have reach an agreement that could see up to US$43bn invested in 45 infrastructure projects in the Indonesian capital, Jakarta, by 2020. The deal was reached during the 4th Indonesia-Japan Joint Economic Forum was held on October 8 in Tokyo, Japan. It was co-chaired by Hatta Rajasa, Indonesia’s co-ordinating Minister for Economic Affairs, and Yukio Edano, the Japanese Minister of Economy, Trade & Industry. Mr Rajasa said, "We have agreed the projects to be financed 5... |
Dangote sets sights beyond Africa24 September 2012, Published under Cement NewsDangote Cement is expanding out of Africa. While its chairman Aliko Dangote remains firmly committed to the continent and its 40Mta production capacity owned by the company, he has set his sights beyond its borders – starting with Iraq and Myanmar, where plant construction could start as early as next year. When asked why he is investing specifically in those locations, he gives the example of Myanmar. As the country opens up, the opportunity is currently there to invest but may disappear at... |
Indonesian cement production forecast to reach 65Mta next year20 September 2012, Published under Cement NewsIndonesian cement production is forecast to hit 65Mta in 2013, up seven per cent on this year’s target of 60.56Mt thanks to volume additions by domestic and new market entrants. The Jakarta Post cited Panggah Susanto, the Industry Ministry’s director general, as saying that the country’s cement makers will also increase production capacities and optimise their manufacturing plants. Panggah said that the presence of several new cement makers, which have already gained approval from the In... |
Gresik Power plant project delayed, Indonesia20 September 2012, Published under Cement NewsPT Semen Gresik, says that the completion of its power plant project in Pangkep, South Sulawesi, will be delayed due to bad weather and man power limitations, according to reports in the Jakarta Post. In a file submitted to the Indonesia Stock Exchange (IDX) on Tuesday, Semen Gresik said that its 2x35MW coal power plant would be completed by the second quarter of 2013, a delay from the initial target of the third quarter of this year. "Extreme weather has hampered construction work, partic... |
Indonesian August sales dip12 September 2012, Published under Cement NewsIndonesia's domestic cement sales fell 0.1 per cent in August from a year ago, data from PT Semen Gresik Tbk showed on Wednesday. August sales were 3.6Mt, the lowest since September last year, down 25.2 per cent on a monthly basis, the data said. The decline was because there were fewer working days during the Muslim Eid al-Fitr festival, Teguh Hartanto, a Jakarta-based analyst at Bahana Securities, said in a report. "We believe that outlook for the cement industry remains solid with expe... |