Cement News tagged under: Indonesia
Indonesia's January cement sales rise and PT Semen Gresik announces new packaging plants13 February 2012, Published under Cement NewsIndonesia's domestic cement sales rose 15.2% YoY in January, according to PT Semen Gresik. According to the firm's website, the country's sales volumes in January reached 4.06Mt, slightly lower than 4.6Mt a month earlier. Infrastructure development and cement sales are likely to be spurred by the central bank last week, cutting its benchmark rate to a record low 5.75%, and by the parliament in December passing a long-awaited land bill aimed at speeding up land acquisition. "January 201... |
Semen Baturaja green light for listing, Indonesia02 February 2012, Published under Cement NewsThe Indonesian government has approved PT Semen Baturaja as the sole state-owned enterprises that can perform an initial public offering in 2012. |
Boral sells Indonesian unit to Siam Cement01 February 2012, Published under Cement NewsAs part of its plan to sell non-core assets, Australian building materials producer, Boral has sold its Indonesian business for US$315m to the Siam Cement Group of Thailand. Boral said it had finalised an agreement with the Thai conglomerate to sell its Indonesian construction materials business. Completion is scheduled for the end of fiscal 2011-12 and the proceeds will be used to pay down debt, Boral said. The sale includes Boral’s concrete, quarry and precast operations, including li... |
Holcim secures loan for new Indonesia plant26 January 2012, Published under Cement NewsHolcim Indonesia has secured a US$150m to be used to expand its production capacity in Indonesia which this year is expected to be running at close to nominal grinding capacity. Bisnis Indonesia reported that the loan, which will be used to finish the construction of a new US$450m factory in Tuban, East Java, was provided by BNP Paribas and KWF IPEX-Bank of Germany. Construction of the 1.7Mta factory is currently underway and is expected to be completed in 2013. Holcim Indonesia is the ... |
Gresik eyes controlling stake in Semen Baturaja, increases in production25 January 2012, Published under Cement NewsPT Semen Gresik is targeting a controlling stake in fellow state-owned cement producer, PT Semen Baturaja, which will launch an initial public offering (IPO) later this year. The Jakarta Post reports that Gresik would look at Baturaja’s IPO pricing to follow-up on the acquisition and if a large amount of shares is offered the company would look to buy a majority stake, Gresik’s president Dwi Soetjipto, said. "If they off-load a small amount of shares, we would not absorb, because we wa... |
Semen Gresik forecasts 17% rise in revenue, Indonesia24 January 2012, Published under Cement NewsSemen Gresik expects revenue rising 17 per cent this year from an estimated 12 per cent in 2011, and also expects to raise financing this year for two new projects. . According to according to chief executive, Dwi Soetjipto, the company forecasts sales of 23Mt from the 19.8Mt recorded in 2011, Dow Jones reported. Profits are expected to rise by 10 per cent on the back of increased sales and improved efficiency. The construction of the company’s two new cement plants in Tuban, East Java... |
Discussions on proposed Pati plant continue, Indonesia19 January 2012, Published under Cement NewsA planned cement plant by Indonesia’s PT Sahabat Mulia Saksi has entered initial discussions with a team of experts and will then proceed to the environmental impact analysis stage (Amdal). The Head of the Environmental Agency, Pati branch, said that the building of the cement plant in Pati has entered discussions with a number of Indonesian universities before formulating the Amdal. "The meeting of the Amdal technical team of the construction of the cement plant in Pati today was attende... |
Gresik announces new investments, bond issue, Indonesia12 January 2012, Published under Cement NewsIndonesia’s largest cement producer, PT Semen Gresik, plans to invest up to US$600,000 on five cement packing plants to be constructed in a number of locations on the island of Kalimantan. Finance director of the company, Ahyanizzama, was quoted by Asia Pulse as saying that construction of these facilities is set to start in the second quarter of this year and will be completed in 16 months. He said the investment is part of the company’s capex plans of IDR5.5trn for this year. Ahyaniz... |
Indonesian sees full year 2011 demand rise 17%11 January 2012, Published under Cement NewsIndonesia's domestic cement sales grew 17 per cent in 2011, supported by property construction, Indonesia's cement association (ASI) said on Wednesday. Total domestic cement sales in 2011 reached 47.9Mt, with more than half the sales in the main Java island, data from the association showed. "Indonesia had large physical development during 2011 and the result followed strong economic growth figures. We also saw a huge decline in exports... which means domestic suppliers prioritised the... |
Cemtech Asia: success in Bali31 October 2011, Published under Cement NewsThis year’s Cemtech Asia Conference and Exhibition, held at the Grand Hyatt Hotel, Bali Indonesia during the 19-22 June, and before an invited audience of cement specialists from over 24 countries, has been successfully concluded. Hosted by International Cement Review and supported by the Indonesian Cement Association, this important three-day event, brought together a range of experts to debate an array of management, operational and technical issues for the benefit of this international au... |