Indonesia demand up 7.5 per cent
Cement sales in Indonesia rose 7.5 per cent to 3.57Mt in August from the same period last year on growing demand.
The increase was a record high this year, the Indonesian association of cement producers (ASI) said.
ASI chairman Urip Timuryono said the cut in Bank Indonesia key interest rate that has boosted the property sector, also contributed to the increase in cement sales.
The country’s largest cement maker PT Semen Gresik said cement market began to be brisk in the past two months.
In July cement sales rose 2.8 per cent Dwi Soetjipto, the president of the state cement maker, said.
Published under Cement News
