Cement News tagged under: Semen Indonesia
Lawyer defends Semen Indonesia's Rembang plant, Indonesia21 November 2014, Published under Cement NewsNoted lawyer Adnan Buyung Nasution, who is legally representing PT Semen Indonesia, is trying to bring together stakeholders to realise the construction of a cement plant in Rembang, Central Java. "We hope that those who rejected the planned construction of the cement plant will not regard the project as detrimental to residents or as bringing negative impacts, but look at it as a joint interest," the Jakarta Post quoted Adnan as saying. Adnan added that PT Semen Indonesia wanted to sit t... |
Semen Indonesia eyes Than Long expansion project, Vietnam13 November 2014, Published under Cement NewsSemen Indonesia is reportedly preparing to double capacity of the Thang Long Cement Plant in Vietnam with the construction of a second line, according to local news reports. Indonesia’s largest cement producer acquired a 70 per cent stake in the Vietnamese cement works back in 2012. Its 2.3Mta cement works is situated in the northeastern province of Quang Ninh’s Hoanh Bo district and located near to the Cai Lan deepwater port. The acquisition has since proved fruitful for Semen Indonesi... |
Semen Indonesia seeking IDR1-2trn banking loans05 November 2014, Published under Cement NewsPT Semen Indonesia Tbk is seeking banking loans of IDR1-2trn (US$82.1-164.3m) to finance its 2015 capital expenditure of IDR5trn, said Corporate Secretary Agung Wiharto. (Source: Reuters) |
Semen Indonesia 9M14 profit up 4.9%31 October 2014, Published under Cement NewsSemen Indonesia, the country's leading cement producer, recorded a net profit of IDR4.09trn (US$336.3m) in the first nine months of this year, a 4.9 per cent increase from the IDR3.9trn recorded a year earlier. The state-owned producer’s revenues surged by 10.9 per cent during the January to September period to IDR19.3trn from IDR17.4trn in the same period of last year. However, a foreign exchange loss of IDR56.3bn as of the third quarter of this year, more than a double from IDR22.6bn in ... |
Semen Indonesia starts Tuban WHR plant construction24 October 2014, Published under Cement NewsSemen Indonesia has commenced the construction of a 30.6MW power plant at its Tuban cement works to reduce the company’s electricity costs. Using heat from the cement production process, the waste heat recovery plant represents an investment of IDR638bn (US53m). The project is expected to be completed in 26 months’ time with the plant due to come online in 2H16. In 2013 Semen Indonesia signed a memorandum of understanding (MoU) with Japan-based JFE Engineering Corporation for the WHRS ... |
Semen Indonesia set to acquire land for new Papua plant13 October 2014, Published under Cement NewsPT Semen Indonesia will soon acquire 500ha of land in West Papua for the construction of a cement plant at a cost of around US$150m. Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post that the firm would sign a memorandum of understanding (MoU) later this year to procure the land for the first cement factory in the province. "For a capacity of around 1Mta, we might need around 500ha," Agung said. Construction of the new plant is expected to begin in 2015. The new plant... |
Semen Indonesia eyes Papua plant construction17 September 2014, Published under Cement NewsPT Semen Indonesia is considering the possibility of constructing a cement plant in Papua to meet demand potential in the country’s eastern-most province and reduce distribution and logistic costs. Dwi Soetjipto, Semen Indonesia president director, told local press that the plant would either be located in Jayapura or Manokwari, the two largest cities in proximity to a limestone quarry. "We hope the study can conclude soon so that we can include the investment needed for the plant in o... |
CIMB upgrades Semen Indonesia14 September 2014, Published under Cement NewsAnalysts at CIMB has upgraded Semen Indonesia to an add rating and lifted its target price from IDR17400 (US$1.46) to IDR18300 following a substantial government-mandated increase to dividend payouts of cash-generative state-owned enterprises. "While it remains to be seen if such high payout would continue into 2016, Semen Indonesia can afford to do so if asked, in our calculation, with marginal impact on profit-and-loss and balance sheets," CIMB writes. It calculates that the company'... |
Semen Indonesia looks to serve growing Papua market05 September 2014, Published under Cement NewsSemen Indonesia is looking to further cater the Papua area of Indonesia, one of the fastest-growing markets in the country. Company President Director, Dwi Soetjipto, told the Jakarta Post that Papua and Maluku have been recording strong levels of growth, rising from 1.22Mt in 2012 from 760,000t in 2011. Dwi said that most cement demand in Papua was for the construction of various buildings, including housing and offices, and was in line with the area's surging economic growth. To cater t... |
Semen Indonesia closing in on Bangladesh acquisition02 September 2014, Published under Cement NewsPT Semen Indonesia is trying to complete the acquisition of a Bangladesh cement company in the near future, said PT Semen Indonesia's Director of Business Development and Strategy, Johan Samudra. “As a business, the acquisition of the Bangladesh cement company is the best opportunity to be closing soon, and we have to be the majority shareholder,” he told the President Post on the sidelines of the State Owned Enterprises Forum in Jakarta last week. Samudra added that there is the possibilit... |