Cement News tagged under: PT Semen Gresik
Indonesian producers predict 2016 market pick-up31 July 2015, Published under Cement NewsPT Semen Indonesia and its subsidiary Semen Gresik are optimistic the domestic cement market will improve in 2016 despite tight competition. Bambang Joko, head of sales at state-owned PT Semen Indonesia, blamed this year’s economic slowdown on the current decline in cement consumption. "But the slump would not last long. Demand would rise in 2016," he said. His comments highlight that infrastructure and construction bottlenecks are about to start moving again. Almost all cement produce... |
PT Semen Gresik officially changes name, Semen Kupang takeover recommended09 January 2013, Published under Cement NewsPT Semen Gresik has officially changed its name to PT Semen Indonesia and is being urged by the government to take majority ownership of state-owned cement producer Semen Kupang, The company’s corporate name change to PT Semen Indonesia was officially marked during an inauguration ceremony in the presence of State-owned Enterprises Minister Dahlan Iskan and attended by PT Semen Indonesia vice president Dwi Soetjipto. “We must become a regional champion. This company should become In... |
Semen Gresik seals Vietnam deal20 December 2012, Published under Cement NewsIndonesia’s leading cement producer PT Semen Gresik has signed deal worth US$157m with Hanoi General Export-Import JSC (Geleximco) on 18 December to acquire 70 per cent stake in Thang Long Cement JSC. Under the agreement, first reported in mid-November, Semen Gresik will become a strategic shareholder of Thang Long Cement JSC, a joint venture between the state-run Vietnam Machinery Installation Group (Lilama) and Geleximco, local press reported on Wednesday. Thang Long Cement has a cem... |
Semen Gresik to acquire Vietnam’s Thang Long Cement14 November 2012, Published under Cement NewsIndonesian cement producer PT Semen Gresik Tbk plans to acquire a majority stake in Vietnam-based Thang Long Cement JSC, according to Investor Daily. Thang Long operates a 2.3Mta works in Quang Ninh province. Surplus output from the works is earmarked for export to Myanmar, Bangladesh and several African countries. Semen Gresik’s president director Dwi Soetjipto declined to disclose the value of the deal but said the acquisition was funded with the company’s cash resources. However, th... |
Semen Gresik to issue US$150m global bonds next year, Indonesia18 October 2012, Published under Cement NewsPT Semen Gresik plans to issue US$150m of global bonds in 2013 to finance its plan to buy a smaller rival in Southeast Asia, Reuters reported the company’s CEO Dwi Sutjipto saying. He said earlier that the company plans to issue around US$500m of global bonds this year but the firm decided to delay the issuance. Sutjipto also said it plans to raise an additional IDR3-4trn (US$417.32m) via a combination of local currency bonds and commercial loans to fund its expansion plan, mainly in Myan... |
Semen Gresik opens new Tuban cement plant, Indonesia17 October 2012, Published under Cement NewsState-controlled cement maker Semen Gresik has opened its IDR3.18trn (US$332m) cement factory in Tuban, East Java, in the presence of Indonesia’s State Enterprises Minister Dahlan Iskan. Dwi Soetjipto, the president director of Gresik, said the plant, which is Gresik’s fourth in Tuban, has a capacity of 3Mta. “The Tuban IV plant officially started commercial production on July 1, 2012, even though its finishing mill and packer have been operational since January 2012,” he said. Wit... |
Gresik Power plant project delayed, Indonesia20 September 2012, Published under Cement NewsPT Semen Gresik, says that the completion of its power plant project in Pangkep, South Sulawesi, will be delayed due to bad weather and man power limitations, according to reports in the Jakarta Post. In a file submitted to the Indonesia Stock Exchange (IDX) on Tuesday, Semen Gresik said that its 2x35MW coal power plant would be completed by the second quarter of 2013, a delay from the initial target of the third quarter of this year. "Extreme weather has hampered construction work, partic... |
Gresik sets aside US$300m for regional expansion31 August 2012, Published under Cement NewsIndonesia’s largest cement maker, PT Semen Gresik, has US$300m to expand its business to the regional markets of Myanmar, Cambodia and Vietnam, the company’s chief executive Dwi Soetjipto has said. Speaking to the Jakarta Globe, he said: “Expansion overseas is still in the process.” Previously, Dwi indicated that the company was looking at acquiring stakes in cement producers in Malaysia, Myanmar, Vietnam and Thailand as it seeks to extend its regional reach. He also told the Investor ... |
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 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... |