Indocement eyes 10% sales increase in 2005, Indonesia

Indocement eyes 10% sales increase in 2005, Indonesia
Published: 03 December 2004

PT Indocement Tunggal Prakarsa Tbk set the target that the revenue of the company would increase by 10% next year, compared to the target of 8% increase this year.  

The Finance Director of Indocement, Christian Kartawijaya, said that the company would keep maintaining its present market shares of 30%-31% by following the growth of the national cement market as well as national cement industry.  

He said that the national cement market would grow by 8%-10% next year.  

"We set the target than the national cement market would grow by 8%-10% next year. Our growth would be similar with the national growth. Indocement tried to maintain the present market shares," he told the press after the extraordinary shareholders meeting of the company in Jakarta yesterday.  

Christian said that Indocement planned to reduce its export next year. Regarding this, the company planned to focus on the domestic market in line with the increase of cement demand of the market next year.  

"Actually it is our main principles. Export is just a way out to deal with the decrease of the domestic demand. So, we will back to the domestic market when the domestic demand is recovering," he said.  

He was of the opinion that the domestic market was more competitive for Indocement as the company should not pay such expensive transportation cost.  

The export of the company, so far, reached 20%-25% of the total production of the company as much as 3Mt. The portion of cement export of the company would decrease significantly following the policy of the company to focus on the domestic market.