Cement News tagged under: Indonesia
Semen Dwima Agung to be incorporated into parent company, Indonesia08 March 2012, Published under Cement NewsPT Semen Dwima Agung will be incorporated into parent company PT Holcim Indonesia in a moved aimed at reducing production costs, reports the Jakarta Post. According to the financial report at of December 2011, Semen Dwima Agung help IDR83.12bn (US$9.15m) in assets, with liabilities of IDR96.85bn. The company suffered a net loss of IDR10.55bn in 2011, a significant setback after losing IDR1.79bn in 2010. Semen Dwima Agung holds licenses to quarry, produce cement and mine clay. The compa... |
Holcim Indonesia net profit advances07 March 2012, Published under Cement NewsHolcim Indonesia reported a rise of over 20 per cent in revenue and net profit last year, as the company progresses with plans to raise capacity in this thriving market. The company reported a net profit of IDR1.06trn in 2011, up 28.33 per cent from IDR828.42bn the year before. Revenue reached IDR7.52trn, representing an increase of 20 per cent from IDR5.96trn YoY. However, the cost of sales increased 25 per cent last year to IDR4.67trn last year but the company reported gains from ... |
Conch sees China demand rising, Indonesian plans proceeding ‘smoothly’07 March 2012, Published under Cement NewsChairman of Anhui Conch, Guo Wensan, has said that Chinese cement demand growing despite curbs on the housing market. Speaking to Dow Jones Chinese Financial Wire on the sidelines of the National People’s Congress, Mr Wensan said the government's drive to push the construction of subsidised affordable housing is successfully offsetting declining cement demand from the private housing market. Cement demand from the 10 million affordable housing units started last year will peak from the s... |
Siam Cement plans Indonesian cement plant investment05 March 2012, Published under Cement NewsSiam Cement Group (SCG) plans to build a new cement plant in Indonesia to capitalize on the country's rapidly growing demand for construction materials, the Jakarta Globe reports. Kan Trakulhoon, president and chief executive officer of SCG, told reporters on Friday that the company would invest US$300m in a cement plant in Sukabumi, West Java. The plant will have a capacity of 5000tpd and construction is expected to start by the end of this year. The investment comes after SCG bought a... |
Boral’s first half profit falls, Australia29 February 2012, Published under Cement NewsAustralian building materials producer Boral’s turnover in the six months to the end of December improved by 1.9% to AUD$2,433m (€1,976m) while the EBITDA declined by 11.9% to AUD$237m (€192m) and the trading profit falling by 26.9% to AUD$109m (€86m). The net interest charge is now on the way up again and it rose by 9.7% to AUD$34m (€27m) and the pre-tax profit fell by 35.9% to AUD$75m (€61m). Net debt at the end of December rose by almost 2½ times to AUD$1,544m (€1,254m) to give a gearing ... |
New bill to spur Indonesia infrastructure activity28 February 2012, Published under Cement NewsThe Indonesian government’s land acquisition bill in December is expected to speed up land purchases for public infrastructure projects, boosting cement demand according analysts at Nomura Indonesia. The analysts told CNBC that this bodes well for local cement manufacturers who are currently undertaking capacity expansion projects. “"Given that the Indonesia cement industry is running closer to 90 percent capacity utilization at the moment, this will be good for those who can add capacity a... |
Semen Padang in alternative fuels initiative, Indonesia28 February 2012, Published under Cement NewsIndonesia's Semen Padang is developing the use of waste materials to replace coal, according to Abusyamsari, a member of the company’s innovation team. The state-owned cement producer and a subsidiary of Semen Gresik, has been using rubber waste since 2011. “In addition to helping the government in reducing waste, the use of waste rubber can also save production costs,” he told The Jakarta Post on the sidelines of the 2011 Semen Gresik Group Award on Innovation. “With an assumption that w... |
Indonesia to invest US$6.3bn in new capacity projects24 February 2012, Published under Cement NewsIndonesian cement producers plan to invest IDR57trn (US$6.3bn) to raise domestic production, chairman of the Indonesian Cement Association (ASI) said. The Investor Daily reports the investment is expected to produce an additional 30Mta of cement and could advance total cement production to 90Mta in 2017. Capacity currently stands at 52Mta. “With a population of 240 million and cement prices that continue to go up, it makes Indonesia an attractive market for [investors],” said Urip Timu... |
Gresik establishes subsidiary to run coal mining business, Indonesia20 February 2012, Published under Cement NewsPT Semen Gresik has established a new subsidiary to run its coal mining and processing business with a total investment of IDR500m (US$55m), reports the Jakarta Post. The establishment of SGG Energi Prima is part of the company’s strategic measures to secure an energy supply for its cement factories, according to Gresik president director Dwi Soetjipto. "Semen Gresik as a group is facing challenges to secure a supply of energy and electricity in accordance with its long-term developmen... |
Indonesian cement companies increase sales15 February 2012, Published under Cement NewsIndonesia’s cement sales increased to 4.05Mt from 3.52Mt a year earlier, Investor Daily Indonesia reported, citing data from the country’s cement association.? Yesterday, Bloomberg stated that PT Semen Gresik, Indonesia’s largest cement producer, rose 0.4% to IDR11,550 (US$1.27). PT Indocement Tunggal Prakarsa, Indonesia’s second-largest cement producer, also rose 1.7% to IDR17,800 (US$1.90). However, PT Holcim Indonesia, the nation’s third-largest cement producer, fell 1% to IDR2350 (US... |