Gresik eyes US$444m profit, Indonesia

Gresik eyes US$444m profit, Indonesia
Published: 27 January 2011

Indonesian state cement maker PT Semen Gresik targeting profits of IDR4 trillion (US$444m) this year, which would be a 10-15 per cent increase compared to last year’s IDR3.63 trillion.

"In 2010 the company had raised its efficiency, and also this year," the company’s president director Dwi Sutjipto said here earlier this week.

Sutjipto said that this year’s profit will be raised by boosting production and the start of the operation of two new plants by the end of this year.