Cement News tagged under: Semen Indonesia
Semen 1Q profit hit by lower prices30 April 2015, Published under Cement NewsIndonesia's biggest cement producer, PT Semen Indonesia Tbk, posted a 8.5 per cent drop in first-quarter net profit from a year earlier on the back of lower selling prices and weaker domestic demand. The state-owned company reported net profit of IDR1.19trn (US$91.82m) for the three months ended March, down from IDR1.30trn for the corresponding period a year earlier. “The company’s performance for the first quarter was affected by the decrease in selling prices in mid January, and wea... |
Semen Indonesia eyeing another Vietnamese acquisition21 April 2015, Published under Cement NewsSemen Indonesia is looking to acquire a second cement producer in Vietnam to further bolster its presence in the southeast Asian country. Director of finance Ahyanizzaman said Semen Indonesia had assigned a total capital expenditure of between IDR7trn (US$545.8m) and IDR11trn this year to boost its operations, which includes the takeover of the Vietnamese company. He said that the firm was now implementing a due diligence audit on the Vietnamese company which would be completed by the end... |
Court rules on Semen Indonesia Rembang mining activities20 April 2015, Published under Cement NewsThe Semarang (Central Java Province) State Administrative Court (PTUN) on Thursday ruled on the legality of the local government’s decision to allow PT Semen Indonesia to start mining activities in the area of its new cement plant project in Rembang, North Central Java. The ruling stated that PT Semen Indonesia could operate in the area. Prior to the ruling, strong protest rallies were held against the construction of SI's planned cement factory in Rembang. The protesters were claiming th... |
Semen Indonesia studying feasibility of new West Java plant07 April 2015, Published under Cement NewsSemen Indonesia is carrying out a feasibility study for a new production facility in West Java, Investor Daily reported, quoting the company's business development and strategy director, Rizkan Chandra. The study is expected to be complete by December. Projects under construction for the Semen Indonesia group include Semen Padang’s 3Mta Line 6 at the Indurang works (due to be completed in 2016). Semen Gresik, also part of the Semen Indonesia group of companies, is constructing a 3Mta integr... |
Semen Indonesia targets higher 2015 revenue and profit05 March 2015, Published under Cement NewsSemen Indonesia is targeting a 2015 profit of IDR5.93trn (US$456m), up from IDR5.56trn in 2014, the Kontan newspaper reported, quoting Ahyanizzaman, Semen Indonesia's finance director. The country’s largest cement maker, according to its recently published financial result, saw its 2014 net profit up slightly by 3.53 per cent from IDR 5.37trn (US$413.43m) in 2013. Semen Indonesia investor relations head Agung Wiharto said Tuesday that despite a 10.16 percent YoY increase in revenue to IDR2... |
Semen Indonesia03 February 2015, Published under Cement NewsPT Semen Indonesia has revealed plans to spend IDR7-9trn on capital expenditure in 2015, up by IDR3trn on 2014’s figure. Around IDR5trn has been earmarked for two new plants, one in Rembang in Central Java, which is due to start operations in 4Q16, and another in Indarung in West Sumatra, which is due to begin production in 1H16. The two new plants will add 6Mta capacity to the company’s current 31.8Mta. An additional IDR1-2trn has been allocated for upgrading packing plants with a further I... |
Semen Indonesia targets seven per cent sales growth26 January 2015, Published under Cement NewsSemen Indonesia is targeting sales growth of around seven per cent this year, despite a cut in the price of the construction material for state-run enterprises initiated by the government last week. Semen Indonesia’s new president, Suparni, said the company is targeting production of 30Mt and hopes for an increase over 2014, when volume rose three YoY to 28.5Mt. That figure included 2.3Mt produced by Thang Long Cement, a Vietnamese company acquired by Semen Indonesia in 2013. The Indon... |
Semen Indonesia's Myanmar investment discussions still ongoing16 January 2015, Published under Cement NewsSemen Indonesia may withdraw from plans to invest in Myanmar if the company and its local partner fail to reach an amicable agreement over the partnership deal, a company executive has told the Jakarta Post. Last year the state-owned Indonesian cement firm said it had decided to postpone its plan to acquire a cement firm in Myanmar after it missed its mid-year deadline to conclude negotiations. Agung Wiharto, Semen Indonesia corporate secretary has now told local press that his company... |
Indonesia: Rembang protests continue22 December 2014, Published under Cement NewsResidents of the Rembang regency in Central Java, Indonesia, are continuing to protest against the planned construction of Semen Indonesia's greenfield plant in the area, according to the Jakarta Post. The report states that last week, hundreds of residents staged a rally in front of the governor's office on Jl Pahlawan, Semarang, protesting against the development of the 8000tpd factory. The protesters arrived in tens of open trucks and were grouped under the Central Java Food Sovereignty ... |
Semen Indonesia seeks loan for Aceh plant construction09 December 2014, Published under Cement NewsPT Semen Indonesia is seeking loans worth IDR2.2-3.1trn (US$178m-251m) to build a new cement factory in Aceh province, at the northern end of Sumatra, Kontan newspaper reported citing Finance Director Ahyanizzaman. The new facility is expected to have a capacity of around 3Mta to meet increasing consumption in Aceh, Medan, Dumai and Riau. Construction is slated to begin in the first half of 2015. |