Indonesia's January cement sales rise and PT Semen Gresik announces new packaging plants

Indonesia's January cement sales rise and PT Semen Gresik announces new packaging plants
Published: 13 February 2012


Indonesia's domestic cement sales rose 15.2% YoY in January, according to PT Semen Gresik. According to the firm's website, the country's sales volumes in January reached 4.06Mt, slightly lower than 4.6Mt a month earlier.

Infrastructure development and cement sales are likely to be spurred by the central bank last week, cutting its benchmark rate to a record low 5.75%, and by the parliament in December passing a long-awaited land bill aimed at speeding up land acquisition.

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