Indonesian sales up 13 per cent

Indonesian sales up 13 per cent
Published: 24 February 2010

Cement sales in Indonesia rose 13 per cent to 3.36Mt in January from 2.97Mt in the same month last year as the country bounced back from the global financial crisis.
 
Analysts said cement sales are expected to grow by about the same pace as the economy this year after flat growth last year.
 
Cement sales in the country grew by just 0.9 per cent in 2009 when the domestic consumption reached 38.41 million tons, the newspaper Jakarta Globe said.
 
Katarina Setiawan, chief researcher of PT Kim Eng Securities, said sales on Java rose 11 per cent on in other islands grew by 16 per cent year-on-year.
 
Setiawan said sales are expected to grow 6 per cent this year roughly in line with most forecasts for domestic economic growth.