Indonesia’s Oct domestic cement sales down 15.2%
Indonesia’s October cement sales fell 15.2 per cent to 2.25Mt compared to a year ago, data from the country’s cement association showed on Thursday.
The data, provided by the country’s largest cement maker, PT Semen Gresik , showed Gresik’s domestic sales, fell 9.6 per cent to 1.06Mt last month.
The country’s cement sales have been declining overall this year as the economy slowed following a government decision to sharply hike domestic fuel prices in October last year to scale back costly energy subsidies.
Sales in the country’s main island of Java from all producers fell by 17 per cent to 1.31Mt last month.
The decrease in October sales brought year-to-date total sales down 3.4 per cent to 25.9Mt from a year ago.
Some industry experts expect the industry to have flat to lower growth in 2006 compared to last year’s 31.51Mt when volumes expanded by 4.9 per cent. Published under Cement News
