Cement News tagged under: PT Semen Indonesia
PT Semen Indonesia receives 9M19 profit decline08 November 2019, Published under Cement NewsCement producer PT Semen Indonesia received a profit decline in 9M19 on the back of surging finance costs. Although Semen Indonesia earned IDR1.3trn (US$92.85m) in net profit from January to September, the profit was a 38 per cent down from 9M18 due to increasing finance costs, which jumped 235.33 per cent YoY. According to the company's financial report released on 31 October, revenue increased 31 per cent YoY to INR28.12trn in the nine-month period thanks to additional contributions from ... |
Semen Indonesia Group and SBI see 47% rise in February sales19 April 2019, Published under Cement NewsSemen Indonesia Group and PT Solusi Bangun Indonesia (SBI) have posted sales of 3.095Mt in February 2019, a significant increase of 47 per cent YoY when compared with a sales volume of 2.106Mt noted in February 2018. Semen Indonesia reported a 7.4 per cent YoY advance in its sales volume to 2.157Mt in February 2019. Of this total, the company supplied 1.856Mt to the domestic market, up 1.2 per cent when compared with 1.835Mt in February 2018. Around 300,772t was exported, representing a 7... |
PT Semen Indonesia sees 10% revenue rise in 201803 April 2019, Published under Cement NewsPT Semen Indonesia increased revenues by 10.3 per cent YoY to IDR30.688trn in 2018 from IDR27,814trn in 2017. The company’s consolidated sales volume reached 33.153Mt, including the sales from Thang Long Cement in Vietnam. Export sales from its Indonesian production base advanced 68.7 per cent to 3.157Mt when compared with 1.871Mt in 2017. The Indonesian cement producer saw its cost of revenue advance by 7.6 per cent to IDR21.357trn when compared with IDR19.854trn in the previous year. ... |
Holcim Indonesia becomes PT Solusi Bangun Indonesia11 February 2019, Published under Cement NewsHolcim Indonesia has changed its name to PT Solusi Bangun Indonesia (Solution to Build Indonesia) following its takeover by PT Semen Indonesia. An Extraordinary General Meeting of Shareholders (EGM) of PT Holcim Indonesia Tbk, held on 11 February 2019, approved the company name change. In addition, two subsidiaries of PT Holcim Beton and PT Lafarge Cement Indonesia were renamed PT Concrete Building Solutions and PT Solusi Andalas Building, respectively. Semen Indonesia had acquired an 80.... |
PT Semen Indonesia tightens grip on domestic market19 November 2018, Published under Cement NewsThis week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The agreement is subject to regulatory approvals, but SMGR, as a state entity, is not expected to be held up in its desire to extend its hold on the domestic cement market. Indonesia currently has 15 cement companies operating with a total capacity of 110Mta, of which 63 per cent is owned by foreign players. Throug... |
PT Semen Indonesia tightens grip on domestic market16 November 2018, Published under Cement NewsThis week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The agreement is subject to regulatory approvals, but SMGR, as a state entity, is not expected to be held up in its desire to extend its hold on the domestic cement market. Indonesia currently has 15 cement companies operating with a total capacity of 110Mta, of which 63 per cent is owned by foreign players. Throug... |
PT Semen Indonesia reports 4% rise in August sales20 September 2018, Published under Cement NewsPT Semen Indonesia reports its cement sales in August 2018 amounted to 20.67Mt, a rise of four per cent compared to 19.88Mt in August 2017. Domestic sales totalled 16.93Mt while exports reached 1.99Mt for the month. PT Semen Indonesia's Director of Marketing and Supply Chain, Adi Munandir, said, " We no longer see that Sement Indonesia consist of three cement companies in Indonesia that are separated." By consolidating the brands customers no longer see PT Semen Gresik and PT Semen Padang... |
PT Semen Indonesia to invest in e-commerce platform05 June 2018, Published under Cement NewsPT Semen Indonesia plans to expand its market across the country through an e-commerce platform. The company aims to increase sales through the project, reports Antara. Domestic sales of the company fell 4.5 per cent in the first quarter of 2018, decreasing to 2.27Mt from 2.38Mt. The producer is currently facing competition from new companies joining the market, according to Sigit Wahono, company spokesman. "In Kalimantan, a cement-producing company from China is selling their product... |
Rembang plant has environmental go-ahead02 May 2018, Published under Cement NewsPT Semen Indonesia says it has fulfilled all of its operational requirements at its 3.3Mta Rembang cement plant, Central Java, since last March despite a series of protests by locals over environmental issues. PT Semen Indonesia's corporate secretary, Agung Wiharto, said the company had obtained all permits to build the greenfield factory, including environmental ones. "Therefore, legally, no one can stop us now [from operating the plant]," he added after a shareholders meeting recently... |
PT Semen Indonesia announces 56% fall in net income19 March 2018, Published under Cement NewsPT Semen Indonesia has announced an almost 56 per cent YoY drop in net income for the full-year 2017 period, decreasing to IDR2.01trn (US$146m) from IDR4.52trn. According to a Thomson Reuters I/B/E/S poll, the results fell beneath the average estimate of IDR2.28trn expected for the year. |