PT Semen Indonesia - May 2014
PT Semen Indonesia is considering raising its cement prices by three to four per cent in response to surging electricity rates. From 1 May this year, Indonesia will see the cost of electricity jump by either 38.9 per cent or 64.7 per cent, depending on the industry in question. For cement producers, this is expected to increase their total operating costs by as much as five per cent. Holcim Indonesia has already raised its cement prices and PT Semen Indonesia is now considering following suit.
