Cement News tagged under: Indonesia
Holcim: realising growth potential whilst cutting costs10 September 2012, Published under Cement NewsHolcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland. While a global recovery remains elusive, emerging markets continue to grow. Holcim noted its net sales have increased above their 2007 level, from US$22.543bn to US$23.306bn in 2011. However, higher costs have led to EBITDA falling by US$1.3bn from US$5.775bn to US$4.447bn over the same period. Ne... |
PT Holcim Indonesia 1H net profit increases 15 per cent03 September 2012, Published under Cement NewsPT Holcim Indonesia recorded a 15 per cent rise in net profit driven by increased sales. Net income rose to IDR514.4bn (US$54m) in the first six months of this year from IDR447.7m in the same period of last year. Revenue increased 18 per cent to IDR4.19trn, according to reports in the Jakarta Globe. Holcim Indonesia is currently working on construction of a new plant in Tuban, on the main island of Java. Slated to come on-stream in the first half of 2013, this new plant will have a capac... |
Holcim: August '1203 September 2012, Published under Cement NewsCement sales during 1H2012 increased from 70.9Mt to 74Mt, up 4.4 per cent YoY, while sales of aggregates and ready-mix concrete fell by seven and 1.3 per cent to 75.6Mt and 22.8Mm3, respectively. As a result, net sales rose 2.1 per cent to CHF10.357bn (US$11.157bn/ R8.591bn). The rise in cement sales is the result of active emerging markets and North American gains. In particular, group companies in India, the Philippines, Thailand and Indonesia benefitted from significantly higher cement s... |
Gresik sets aside US$300m for regional expansion31 August 2012, Published under Cement NewsIndonesia’s largest cement maker, PT Semen Gresik, has US$300m to expand its business to the regional markets of Myanmar, Cambodia and Vietnam, the company’s chief executive Dwi Soetjipto has said. Speaking to the Jakarta Globe, he said: “Expansion overseas is still in the process.” Previously, Dwi indicated that the company was looking at acquiring stakes in cement producers in Malaysia, Myanmar, Vietnam and Thailand as it seeks to extend its regional reach. He also told the Investor ... |
New South Sulawesi cement plant planned, Indonesia31 August 2012, Published under Cement NewsA new cement plant is being planed in Barru, South Sulawesi involving an investment of US$400m, according to executive director of the PT Fajar Semen Baru project, James Martin. According to Indonesian press reports, the venture will involve participation from two cement companies in German and Taiwan and funding is to be sourced from a local consortium of banks. The cement plant is slated to have a capacity of 3.3Mta and, once operational, will serve eastern Indonesia. |
Thang Long Cement plans to increase exports, Vietnam29 August 2012, Published under Cement NewsVietnam-based producer Thang Long Cement JSC plans to double monthly cement exports to Cambodia from its Hiep Phuoc grinding plant to 10,000 due to increased demand in the neighbouring market. Since the start of this year, the company has shipped around 5000t and 2000t of cement to Cambodia and Indonesia, respectively from the grinding facility, according to the company’s director Mai Anh Tai. Thang Long Cement plans to export around a further 150,000t of cement to these two markets betwe... |
Property boosts Indonesian cement demand23 August 2012, Published under Cement NewsFuelled by rising housing demand and subsequent property development, Indonesia saw cement sales increase 12% through the first seven months of the year, according to the Indonesian Cement Association (ASI). Cement consumption rose to 30.86Mt in the January-July period, from 27.54Mt in the same period last year, said Widodo Santoso, ASI chairman. “Housing loans have spurred the development of housing and real estate development in Indonesia,” Widodo said last week. Industry analyst... |
Indocement gears up to meet rising demand, Indonesia16 August 2012, Published under Cement NewsPT Indocement Tunggal Prakarsa has said it will continue to raise capacity to meet increasing domestic demand with three new factories planned to come on-stream by 2016. The new facilities are to be built in Citereup (West Java), Pati (Central Java) and another outside Java. Construction of the Citereup factory, which will have a capacity of 4.4Mta, will start construction before the end of this year and be completed in 2015. An environmental impact assessment is still being carried out... |
Indonesia’s July sales rise 9.9 per cent13 August 2012, Published under Cement NewsIndonesia's domestic cement sales rose 9.9 per cent in July from a year ago, up from 9.5 per cent in June, data from the country's biggest cement firm PT Semen Gresik Tbk showed on Monday. Southeast Asia's biggest economy consumed more than 4.8Mt of cement in July, up 7.2 per cent on a monthly basis. The Moluccas islands and Papua led July growth at 51.1 per cent, while main islands Java and Sumatra led sales volumes. July cement sales volume was boosted by additional supply from... |
Semen Gresik plans name change to raise its profile, Indonesia03 August 2012, Published under Cement NewsState Enterprises Minister Dahlan Iskan said Indonesian state-owned Semen Gresik is set to change its name to Semen Indonesia in a bid to raise the company’s international profile. The change is subject to approval by shareholders expected October or November this year, the minister said on Tuesday. Once the change becomes official, Dwi Doetjipto, president director of Semen Gresik, will become chief executive of Semen Indonesia. Dahlan said President Susilo Bambang Yudhoyono of Indone... |