Cement News tagged under: Indonesia
Indonesia May cement sales rise 15.6%14 June 2012, Published under Cement NewsIndonesia's cement sales rose 15.6 per cent in May from a year ago, data from PT Semen Gresik Tbk showed on Thursday. Sales by volume in May rose 12.8 per cent month on month to 4.72Mt, according to the data. Most sales were on Java and Sumatra islands. Sales by volume in the eastern islands of Moluccas and Papua increased 40 per cent for the second consecutive month. |
Gresik to invest in new plants, Indonesia28 May 2012, Published under Cement NewsIndonesian cement producer, PT Semen Gresik, plans to build new cement plants in Sumatra and Java this year with an investment cost of IDR7trn (US$756m), according to reports in the Jakarta Globe. Dwi Soetjipto, president director of state-owned Gresik, said: “We will add the plants to directly support the production process, or the core business of the company.” Semen Gresik will seek a bank loan to finance the construction of the plants, he said, adding that another option was a bond... |
Indonesia's new capacity spree22 May 2012, Published under Cement NewsThis June, Cemtech Conferences & Exhibitions will host its annual Asia event within the glorious setting of the Hotel Mulia, Jakarta, before an audience of dedicated cement professionals eager to learn the latest developments in the Indonesian and wider Asian cement sector. Ahead of the meeting, Andy Lesmana of PT Nomura Indonesia provides an outline of the country’s economy and cement market, which is currently among the busiest in the world. Cemtech looks forward to taking centre-st... |
Indocement to invest US$109m on expansion09 May 2012, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement group, is to spend more than IDR1trn (US$109m) this year on expansion, according to reports in the Jakarta Post. Following the company’s annual and extraordinary shareholders meeting on Tuesday, director Kuky Permana, said that one of the company’s main projects would be the construction of a new 4.4Mta plant in Citereup, Bogor, West Java. Indocement would also construct cement mills with a total capacity of 1.9Mt, he said. I... |
Semen Bosowa begins construction of East Java plant, Indonesia08 May 2012, Published under Cement NewsPT Semen Bosowa has started the construction of its 1.2Mta cement factory in East Java with a groundbreaking ceremony in the presence of Indonesia’s Industry Minister MS Hidayat , the Jakarta Post reports. This is the company’s third cement plant and will be located in Banyawangi. The company plans to serve the eastern parts of Java in addition to Bali and Nusa Tenggara. “PT Semen Bosowa will have a positive impact on those areas by stabilising cement prices through improvements in the... |
Gresik sees 20% 1Q12 rise, aims to increase market share30 April 2012, Published under Cement NewsIn the first quarter of 2012, Semen Gresik earned IDR4.28trn (US$466m) in revenue, a 20 per cent increase from IDR3.55trn during the same period last year and hopes two new plants that are set to become operational this year will help the company regain higher market share. Commenting on the rise in revenue, the Jakarta Post reports Agung Wiharto, Semen Gresik investor relations chief as saying: "The increase in revenue was supported by growing production volume and higher cement prices." ... |
Holcim Indonesia boosts dividend payout, Capex plans16 April 2012, Published under Cement NewsHolcim Indonesia plans to distribute IDR425bn (US$46m) in dividends, or the equivalent of 40 per cent of its 2011 net income, its chief executive has said. Speaking to the Jakarta Globe, Eamon Ginley said: “This plan has received approval from shareholders," adding "that would be equivalent to a dividend of IDR/share." Holcim posted IDR1.06trn in net income last year.??The 2011 dividend distribution increased from 2010, when the company distributed 23 percent of its net income as divide... |
Indonesian 1Q12 sales rise 18.2%13 April 2012, Published under Cement NewsIndonesia's domestic cement sales were 12.5Mt in the first quarter, up 18.2 per cent from a year ago, data from PT Semen Gresik Tbk showed on Friday. March sales were 4.4Mt, up 16.2 per cent from the same month last year, the data showed, with most sales in Sumatra and Java islands. Total domestic cement sales in 2011 reached 47.9Mt, a YoY rise of 17 per cent and growth is expected to continue this year as the country endeavours to meet its ambitious housing and infrastructure requ... |
Indonesia Hosts Asia Pacific Infrastructure Forum29 March 2012, Published under Cement NewsIndonesia will host the largest infrastructure forum in the Asia Pacific region -- the Indonesia International Infrastructure Conference and Exhibition 2012 (IIICE 2012). This forum will be conducted simultaneously with the Asia Pacific Ministerial Conference on Sustainable and Inclusive Infrastructure Development 2012 (APMC-SIID) to be held from May 2-5, 2012 in Jakarta. This event will bring together governments, investors, bankers and the players in the infrastructure industry. Hatt... |
Tonasa signs contract for 11 new shipping vessels29 March 2012, Published under Cement NewsPT Pelayaran Tonasa Lines & PT Dok & Perkapalan Surabaya are to build 11 shipping vessel unitswith an investment of IDR1.26trn (US$137m) and have signed three cooperation contracts, Bisnis Indonesia reports. Commenting on the agreement on the sidelines of the signing ceremony, President Director of PT Pelayaran Tonasa Lines Wahab Candoko, said: "Currently, we already have 18 vessels, and two of them are rented vessels. With the additional 11 vessels, we will have a total of 31." The sign... |