Cement News tagged under: holcim indonesia
Holcim Indonesia in lower quartile27 June 2016, Published under Cement NewsHolcim Indonesia has ranked in the lower quartile of Indonesian performers for the past year. The company was ranked 274/325 in the BSS News Bites ranking of Indonesian performers in the past year. Shares for the company fell by 32.4 per cent for the year ended 27 June 2016. Revenue growth for Holcim Indonesia had seen a downward trend for the years 2011 to 2013. In 2011 revenue growth stood at 26.2 per cent, falling to just 7.5 per cent in 2013. However, in 2014 it saw a slight climb, re... |
Holcim Indonesia expects capacity up 12% in 201604 May 2016, Published under Cement NewsFollowing the acquisition of PT Lafarge Cement Indonesia, Holcim Indonesia increased its domestic production capacity by 1.6Mta to 15Mta, the company said in a statement. In addition, the cement producer’s 1.7Mta Tuban 2 cement plant is expected to be operational for its first full year in 2016 after coming online in August last year. Most of Holcim Indonesia’s production is sold in West Java, Jakarta and Banten, but the acquisition of Lafarge Cement Indonesia and the new works at Tub... |
Indonesia: incumbents suffer as new entrants fight for market share04 April 2016, Published under Cement NewsCement prices in Indonesia are falling as newer firms attempt to win market share from the established players, state-owned Semen Indonesia, HeidelbergCement’s Indocement Tunggal Prakarsa and Holcim Indonesia. A report from Indonesia Investments notes that the entry of five new firms into the Indonesian market has led to production capacity rising above 100Mta, while demand is set to reach just 63Mt in 2016. This has led to heavy downward pressure on prices: a report by Trimegah Securi... |
Holcim Indonesia seeks IDR2.5trn loans for refinancing21 May 2015, Published under Cement NewsHolcim Indonesia is looking for IDR2.5trn (US$189.59m) in loans to refinance its maturing debts and wants to replace foreign-denominated debt to ease the currency burden, according to reports in the Jakara Post. Kent Carson, Holcim Indonesia CFO, aid that the company, expected to have a new loan facility in place in June, either in the form of syndication or a bilateral facility from a mix of local and foreign lenders with a maturity period between three and five years. There will be some... |
Protests against Holcim Indonesia's planned lay-offs15 May 2015, Published under Cement NewsThe labor union of Holcim Indonesia has demanded that the company hold further discussions on its plan to lay off hundreds of workers, according to a report by the Jakarta Post. Following a weak company financial performance and dipping overall domestic cement sales, Holcim announced last Friday that it planned to lay off workers aged below 45, with a number of workers having yet to be notified of such a plan. That was after Holcim cancelled its deal with its labor union in late April that... |
Holcim Indonesia's 1Q15 revenue declines on weak demand05 May 2015, Published under Cement NewsHolcim Indonesia recorded a decline in sales revenue of five per cent to IDR2.25trn in the first three months of the year, as volumes were down by seven per cent, reflecting the contraction in domestic demand over the period. Net income dropped to IDR32.7bn (US$2.5m) in the January-March period from IDR323.6bn in the same quarter last year. National demand for cement fell to 13.9Mt compared to four per cent growth (or 14.3Mt) over the first quarter last year. In addition, at the ... |
Challenging year in store for Holcim Indonesia?11 March 2015, Published under Cement NewsHolcim Indonesia will be challenged by tighter competition and high debt levels that could spike costs this year, according to a report by Bahana Securities has said after the cement producer announced 30 per cent lower profits last year. Indonesia's third-largest cement producer saw its net profit plunge to IDR668.35bn (US$50.69m) in 2014 from IDR952.11bn in 2013, as costs soared, despite an increase in revenues which were up 8.67 per cent YoY. However, the rise in revenues was could not... |
Holcim Indonesia develops Educational Forest02 December 2014, Published under Cement NewsHolcim Indonesia, in collaboration with the Bogor Institute of Agriculture, has jointly developed Holcim Educational Forest (HEF), a rehabilitated former quarry mining site covering 60ha of land in Cibadak, Sukabumi, West Java. Holcim started mining operations at the site in Cibadak in 1975. In 2011, the company began to convert the former Cibadak quarry area into a protected forest area to help sustain local communities, tourism, and studies by academics and school children. “HEF is expec... |
Indonesian firms expect better second-half23 September 2014, Published under Cement NewsTwo of Indonesia's top three cement producers are expecting a better financial performance in the second half of this year, on the back of growing demand despite a projected slowdown in the country's economy. Christian Kartawijaya, president director of Indonesia's second-largest producer PT Indocement Tunggal Prakarsa, told reporters at the Investor Summit 2014 that there would likely be more construction projects carried out in the second half of the year. “The projected growing cement ... |
Siemens wins Holcim Indonesia Tuban II contract25 June 2014, Published under Cement NewsSiemens has received an order from ThyssenKrupp Industrial Solutions AG to supply an Integrated Drive System for the expansion of PT Holcim Indonesia Tbk’s cement plant in Java. As one of the top three cement producers in the country, with a capacity of 8.2Mta, the cement producer is expanding its facilities with a second production line which will have a capacity of 4000tpd of cement. Operation is due to commence mid-2015. The supplied Integrated Drive System will comprise low- and medium-... |