Indonesia Gresik posts 5.7 per cent fall in sales

Indonesia Gresik posts 5.7 per cent fall in sales
Published: 23 July 2009

Indonesian state cement producer PT Semen Gresik reported a 5.7 per cent decline in cement sales in the first half of this year to 8.39Mt on weak demand on the domestic market.
 
Cement consumption in Indonesia fell 8.4 per cent to 19.49Mt in the first six months of the year compared with the same period last year.
 
The purchasing power of the consumers in general was weak, Sunardi, corporate secretary of the country’s largest cement maker told the newspaper Investor Daily.
 
Based on data at Semen Gresik, exports, which were made by its subsidiaries – Semen Padang and Semen Tonasa – also fell 38.1 per cent to 358,528t.
 
Sunardi said the market is predicted to improve in the second half of the year.