PT Indocement net profit rises 32.2%, Indonesia

PT Indocement net profit rises 32.2%, Indonesia

PT Indocement Tunggal Prakarsa, part of the HeidelbergCement group, has reported a 32.2 per cent rise in net profit for 2012.

The country’s second-largest cement producer saw net profit rise to IDR4.76trn (US$491m) through the year while net income grew to IDR17.20trn, a rise of 24.5 per cent YoY.

Indocement is currently working on adding some 6.3Mta of additional capacity by 2015. Projects include new cement mills with capacity of 1.9Mta under construction in Citeureup. The company is also under final stage to start the construction of a brownfield cement factory with the production capacity of 4.4Mta in the Citeureup area. In addition, the company is under final study to construct two new greenfield cement factories with the production capacity of 2-2.5Mta, one in Central Java and one in outer Java.