Indonesia’s Oct cement sales rise 21.8% YoY
Indonesia’s cement sales rose 21.8 percent in October from a year ago, a slower pace than September, data from the Indonesian Cement Association (ASI) showed on Thursday.
Sales in October were 4.7Mt, compared to 3.8Mt a year ago, due to the increased development of infrastructure and property, Urip Trimuryono, the chairman of the association, told Reuters.
Sept cement sales grew at 52 per cent YoY, after falling 0.3 per cent in August YoY.
Trimuryono said the association has cut its sales growth forecast for 2012 to eight per cent, from a previous forecast of 10 per cent growth, on industry worries over a prolonged eurozone debt crisis slowing the domestic economy.
Last year, Indonesia produced 39.5Mt of cement, around three-quarters of its total production capacity of 53Mt, according to data from the association.
Published under Cement News
