Indonesian cement consumption set to rise
Indonesian cement company PT Indocement Tunggal Prakarsa expects the country’s domestic cement consumption to grow six per cent in 2010, finance director Christian Kartawijaya said on Wednesday. "We see cement demand is really good, particularly in the fourth quarter," he said to local reporters.
"We previously forecast -6-7 per cent, -2 per cent, and now we expect year-end to be flat. That shows that Indocement predicts an improving condition. National cement consumption will grow 5-6 per cent next year, it’s strong compared to other countries." Kartawijaya said that the improvement had started in July and August, and was noticeable in the recovery in demand for bags of cement which are typically sold for residential use. "There is also improvement in the infrastructure sector. Infrastructure creates a domino effect, leading to the development of residential" areas, he added. Published under Cement News
