Cement News tagged under: Indonesia
Indonesian industry to face continued overcapacity challenge26 November 2020, Published under Cement NewsThe COVID-19 pandemic has seen Indonesian cement sales drop throughout most of 2020 with October sales down 9.7 per cent YoY. Moreover, demand is predicted to fall 11 per cent YoY by the end of the year, according to PT Indocement Tunggal Prakarsa Tbk. However, the industry is currently challenged by considerable overcapacity. In 2020 total domestic cement capacity is 116.4Mta with a plant utilisation of 54.6 per cent, supplying a domestic market of an estimated 63.6Mta. Competition is e... |
Indonesian domestic cement demand falls 10% in 3Q2016 November 2020, Published under Cement NewsIndonesia's cement demand fell 9.7 percent to 17,499,807t in the 3Q20 from 19,384,326t in the 3Q19, according to the Indonesian Cement Association (ASI). The decline in domestic cement consumption was mitigated by a 62.4 per cent surge in exports, which increased to 3,128,985t in the 3Q20 from 19,384,326t in the year-ago period. Of this total, 2,725,493t of clinker was exported, up 79.3 per cent YoY, and 403,492t of cement, down 0.7 per cent YoY. Domestic sales plus exports in t... |
Indonesian cement market contracts in September29 October 2020, Published under Cement NewsCement demand in Indonesia fell to 6.175Mt in September 2020, according to the Indonesian cement association, ASI. Demand in the key market of Java decreased to 3.37Mt in September 2020 from 3.91Mt in September 2019. Furthermore, the Sumatra and Sulawesi markets contracted by 3.4 per cent YoY to 1.34Mt and 549,000t, respectively. However, demand in Bali and Nusa Tenggara expanded by 5.9 per cent YoY to 345,000t. Maluku and Papua consumption increased by 4.8 per cent to 196,000t. On Kali... |
Semen Indonesia looks to optimising market opportunities in pandemic29 October 2020, Published under Cement NewsPT Semen Indonesia (Persero) Tbk (SIG) has prepared a range of business strategies during the COVID-19 pandemic, including optimising the company’s market potential. "The impact of this pandemic economically is very broad, so the health sector problems affect all sectors. But what we are doing is responding to today's challenges, ”said Director of Marketing and Supply Chain, Adi Munandir. The company is also targeting government projects as the public sector remains “sold in the midst of a... |
Indocement sales fall 9% in 9M2028 October 2020, Published under Cement NewsHeidelbergCement-owned Indocement posted sales of 11.7Mt in the January-September 2020 period, down 8.6 per cent when compared with the 9M19. The drop in sales is attributed to the impact of the COVID-19 pandemic. Indocement expects full-year sales to decrease by 5-7 per cent YoY. |
Indonesian cement demand drops 9% in August08 October 2020, Published under Cement NewsIndonesian cement consumption in August declined 8.9 per cent to 5.86Mt in August 2020 when compared to August 2019, according to the Indonesian cement association, ASI. MoM a 7.5 per cent rise was reported. In the first eight months of 2020 total demand reached 38.47Mt with a capacity utilisation rate of 54 per cent. "Seeing the condition that up to August 2020 demand is still a deficit of 2.34 million tons, only exports can be expected to reduce the shortage of domestic [consumption]," s... |
PT Semen Padang exports 25,000t to Australia08 October 2020, Published under Cement NewsPT Semen Padang exported 25,000t of cement to Australia. The cargo of OPC Type I Grade 52.5N cement was shipped in MV Luga from Teluk Bayur Padang Port on West Sumatra, according to Fifit Abriyanto, senior export sales manager for Semen Indonesia Group. In addition, the company also exported around 35,000t of clinker to Bangladesh in September, reported Bisnis. To support the optimisation of its plant operations, PT Semen Padang is targeting cement and clinker export sales of 1.58Mt in 2... |
ASI welcomes new factories in eastern Indonesia only17 September 2020, Published under Cement NewsWith two new cement plants starting operations in Grobogan, Central Java, and Jember, East Java, Indonesia, domestic producers are expected to see a drop in capacity utilisation rates as the excess production capacity is set to rise to 41Mta, according to the Indonesian Cement Association. "Two new factories in Grobogan, Central Java and Jember, East Java are currently working on commissioning. Hopefully there will be no more issuance of new cement plant permits because plant utilisation n... |
Indonesia's cement production forecast to fall 17% YoY11 September 2020, Published under Cement NewsIndonesia's cement production is likely to fall further in 2020, as a result of Jakarta's second lockdown, according to the Japanese investment bank, Nomura. The bank has cut its 2020 cement production estimates for Indonesia and now expects it to fall 17 per cent YoY. Halted construction activity could also indicate a longer recovery period for the cement sector. However, investors could take advantage of the pullback in stock prices and accumulate cement stocks before the next recovery c... |
Indonesian cement market contracts 16% in July27 August 2020, Published under Cement NewsCement demand in Indonesia declined 16.3 per cent YoY to 5.3Mt in July 2020, according to the Indonesian Cement Association (ASI). The market of Sulawesi saw the largest contraction at 26.1 per cent to 413,000t. However, the drop in consumption in the key markets of Sumatra and Java had a greater impact. In Java cement demand fell by 19.7 per cent to 2.96Mt while in Sumatra, consumption declined by 9.8 per cent to 1.14Mt. In Maluku and Papua cement sales were up 12 per cent YoY to 164,000t... |