Management changes at Padang and Tonasa

Management changes at Padang and Tonasa
Published: 12 October 2005

The EGM of Semen Padang and Semen Tonasa decided that the two companies should increase itsproduction capacity utilization by 10 per cent each starting this year. "Overall,
we expect that Semen Gresik Group’s production will increase 10 per cent from 15.5Mt last year to 16.5Mt this year," said a senior spokesman.

Moreover, SG as the majority shareholder, asked SP management to follow up the special audit on its 2002-2003 financial reports by June 2006 the latest. Of the 133 points highlighted in the special audit, the top priority that should be followed up is the revision of its 2002 and 2003 financial reports, which is expected to have direct impact with the
performance of the 2005 financial report.

The EGM also agreed that Endang Irzal was elected President Director of Semen Padang while M Sattar Taba was elected President Director of Semen Tonasa.