Semen Baturaja sales up 24% in first three months

Indonesian state-owned cement maker PT Semen Baturaja's first-quarter sales rose 24 per cent to 305,000t from a year earlier.

The cement producer has also opened a new cement mill with a capacity of 750,000tpa, according to a report from Kresna Securities.

Baturaja said it plans to join fellow Indonesian manufactures on the Indonesia Stock Exchange and “may go public in the next two years,” Sadikin Aksa, managing director of Bosowa Corp told the Jakarta Globe last week.