Cement News tagged under: PT Indocement
Indonesia remains gripped by cement overcapacity11 August 2023, Published under Cement NewsThis week Indonesia's Ministry of Industry addressed the growing issue of overcapacity in the cement sector by implementing a new moratorium policy and new investment arrangements. At the same time, the industry is transitioning to more sustainable cement production as it targets a net zero future. Ignatius Warsito, director general of the Chemical, Pharmaceutical and Textile Industry (IKFT) of the Ministry of Industry, explained the condition of overcapacity of the cement industry is prese... |
Quarterly results propped up by steep price increases25 November 2022, Published under Cement NewsThe latest quarterly results reveal that cement producers are increasingly turning to price rises to offset the ongoing jump in energy costs, while they struggle to maintain margins. In addition to price increases, companies are reviewing their energy portfolios, fuel types and accelerating the shift to alternative fuels. In Indonesia PT Indocement saw its energy costs reach 50 per cent of total production cost in the third quarter of 2022, prompting the company to implement three price... |
Indonesia: sustaining profitability19 May 2017, Published under Cement NewsWeaker-than-expected growth in Indonesian cement consumption and fierce competitive pressures have led to a tough pricing environment, resulting in local producers looking to mitigate the impact of a challenging market. However, latest volume data by the Indonesian Cement Association (ASI) reveal strong domestic and export sales for the month of April, but can this recovery be sustained? Domestic cement consumption in 2016 was virtually flat (+0.1 per cent) compared to the previous... |
PT Semen Indonesia president confident Rembang plant will receive permit15 February 2017, Published under Cement NewsPT Semen Indonesia's President Director, Rizkan Chandra, is confident that Central Java Governor Ganjar Pranowo will issue an environmental permit for the construction of the company's cement plant in Rembang, Central Java province. Earlier on 16 January, Ganjar revoked PT Semen Indonesia’s environmental permit required for plant construction, production and development. The governor had told Semen Indonesia to revise its environmental impact analysis (amdal) and environmental monitori... |
PT Indocement01 December 2016, Published under Cement NewsPT Indocement has inaugurated its new Tiga Roda cement plant in Bogor District, West Java, boosting the company’s domestic production capacity to 24.9Mta. The new plant, P14, has an installed capacity of 4.4Mta and boasts the world’s largest packing and dispatch centre capable of handling 360,000 bags per day. Costing IDR5.6trn (US$429m), funded entirely from internal cash, the new plant has taken three years to build. The news comes as the company announces a 12 per cent contraction i... |
PT Indocement22 July 2016, Published under Cement NewsIndonesia’s central bank has unexpectedly cut its benchmark interest rate to 6.5 per cent. This marks the fourth reduction this year alone as the bank tries to spur economic growth. The move comes as Indonesia is forecast to see the fastest construction market growth of any Asian country up to 2020, according to a report by AECOM. The government has been working hard to boost the country’s infrastructure sector by prioritising 30 infrastructure projects before 2020 but, as reported in last m... |
PT Indocement24 August 2015, Published under Cement NewsPT Indocement intends to suspend production of lines P1, P2 and P6 at its Citeureup works in Indonesia. The move is being seen as a cost cutting exercise following an 8.1 per cent fall in domestic sales volumes in the first half of this year. This compares to a 4.2 per cent contraction in domestic cement consumption across the country. While the general slowdown has been blamed on the ongoing economic situation and delays to government infrastructure projects, Indocement’s disappointing r... |
PT Indocement03 February 2015, Published under Cement NewsBuoyed by strong demand from Indonesia’s infrastructure sector, PT Indocement expects its cement sales to rise by 5-6 per cent in 2015. With work already underway on its new 4.4Mta brownfield plant, which is due to be operational by the end of this year, the company predicts a rise in production capacity from 20.5Mta in 2014 to 24.9Mta by the close of 2015. Following government instructions issued earlier this month to reduce cement prices, Indocement has slashed its average price from ID... |
PT Indocement Pati plant delayed26 November 2014, Published under Cement NewsThe development of PT Indocement's project for a greenfield plant in Pati regency, Central Java, which was scheduled to start in 2016, is now likely be postponed for two years, according to a company executive. “Although currently its environmental impact analysis [Amdal] document has been completed and only has just to wait for permission from the regent, its construction is expected to commence in 2018,” PT Indocement Tunggal Prakarsa vice president director, Franciscus Welirang, said af... |
PT Indocement20 December 2013, Published under Cement NewsPT Indocement has set a growth target of six per cent for 2014 and announced plans to invest IDR4trn (US$334.5m) during the course of the year to boost capacity. According to Tju Lie Sukanto, the company’s finance director, a lack of production growth in 2013 has led to a disappointing performance this year. While the country’s cement industry saw sales growth of 5.4 per cent in 9M13, PT Indocement recorded a 0.2 per cent decline in domestic sales with its market share shrinking from 32.3 pe... |