Cement News tagged under: Indonesia
Semen Gresik new plant construction01 August 2012, Published under Cement NewsIndonesia state-owned producer PT Semen Gresik is expected to start construction of two new cement plants at home and away in the second half of 2012 and first half of 2013, respectively. Construction on Semen Gresik’s 2.3Mta Rembang plant in Indonesia will start at the end of this year, State-Owned Enterprise Minister Dahlan Iskan said on Tuesday. “The construction of the Rembang cement factory will start by the end of this year, after the establishment of Holding Cement Indonesia,” h... |
Gresik first-half net profit rises, Indonesia27 July 2012, Published under Cement NewsPT Semen Gresik said Friday its first-half net profit rose 12% to IDR2.10trn (US$221m) from IDR1.87 trillion a year earlier. Revenue for the January-June period rose to IDR8.66trn from IDR7.61trn a year earlier. Its assets totaled IDR22.28trn as of June 30, compared with IDR19.66trn a year earlier. |
Siam Cement plans Indonesian investment26 July 2012, Published under Cement NewsSiam Cement PCL, Thailand's largest conglomerate, has announced plans to invest around THB10bn (US$315m) to build a cement plant in Indonesia, President and Chief Executive Kan Trakulhoon said Wednesday. The planned investment is part of the company's five-year investment budget worth around THB200bn, Fox Business Reports, which is due to be proposed to the company's board for consideration in August, he said. |
Gresik market share slips, Indonesia23 July 2012, Published under Cement NewsPT Semen Gresik has lost market share in the first half of this year due to production growth being slower than increases in Indonesian consumption. In the first half of the year, state-owned Gresik sold 10.3Mt of cement, up 12 per cent YoY, and accounting for 39.7 per cent of Indonesia’s total cement sales. However, in the first half of last year, Gresik had a 40.7 per cent market share with sales of 9.2Mt. Total domestic cement consumption, meanwhile, increased 15 per cent to 25.8Mt, a... |
Indonesia’s June sales rise 9.5 per cent17 July 2012, Published under Cement NewsIndonesian cement consumption increased by 9.5 per cent to 4.5Mt in June 2012, data from PT Semen Gresik showed on Monday. Cement sales for the first half of 2012 were 25.9Mt with the main islands of Java and Sumatra being the largest consumers. |
PT Semen Bosowa seeks loans for expansion, Indonesia13 July 2012, Published under Cement NewsPT Semen Bosowa is seeking a US$700m-800m loan from national and foreign banks to expand its business to 10Mta by 2015. The funds will be used to construct at least four new cement plants, Semen Bosowa CEO Erwin Aksa told Bisnis Indonesia. Investments will be made in Bayuwangi (East Java), Cilegon (Banten), Sorong (Papua) and land expansion in Maros Regency (South Sulawesi). Aksa said that the company has no plans to issue notes or bonds as bank interest rates both in Indonesia and abr... |
Indonesian president set to inaugurate new Gresik plant09 July 2012, Published under Cement NewsIndonesia President Susilo Bambang Yudhoyono is scheduled to inaugurate? PT Semen Tonasa's V cement plant in South Sulawesi, on August 31, 2012. President Director of PT Semen Tonasa Sattar Bata told local media that the construction of the 2.5Mta has entered its final stages. "All the physical work had been completed in June, while the finishing touches and inaugural preparations will be made next month," he said.? Investment in the plant is said to have reached IDR6.5trn. "The... |
Semen Baturaja plans IPO in November, Indonesia02 July 2012, Published under Cement NewsState-owned Semen Baturaja plans to float shares on the Indonesian Stock Exchange in November, according to president director Pamudji Rahardjo. Speaking to the Jakarta Globe, Mr Rahardjo said: “Our target for the initial public offering (IPO) date is October, so the shares can be listed in November.” He reiterated that the company’s target is to raise IDR1.2trn (US$128m) from the IPO. “We, however, are still considering the amount of shares to be offered to the public, whether we stic... |
Gresik sees regional expansion costing US$400m-500m29 June 2012, Published under Cement NewsIndonesia's largest cement producer, PT Semen Gresik, says its planned expansion into Vietnam and Myanmar can be realised by year-end. Semen Gresik president director Dwi Soetjipto said that expansion into the fellow ASEAN member nations would need US$400m to US$500m. “We will need about US$150m to set up a factory for Myanmar," Dwi said after the company¹s annual and extraordinary meeting of shareholders on Tuesday. According to him, Gresik has been assessing potential local partners ... |
Indonesian sales seen reaching 16% in 1H1219 June 2012, Published under Cement NewsIndonesian cement consumption is expected to rise by double-digits in the first half of this year, driven by a residential housing boom and the realisation of infrastructure projects. Widodo Santoso, chairman of the Indonesian Cement Association (ASI), told reporters on the sidelines of the Cemtech Asia 2012 Conference & Exhibition in Jakarta, Indonesia that cement sales during January to June were estimated to reach 26Mt. “As of May, demand had already risen by 16 per cent as infrastr... |