Cement News tagged under: PT Semen Indonesia
Indonesia: uneven demand hitting company revenues08 August 2016, Published under Cement NewsCement consumption in Indonesia was up by 3.1 per cent in the three months to June, but the national figures belie the patchiness of regional growth. According to the Jakarta Post, statistics from the Indonesian Association of Cement (ASI) show that demand in Java actually declined – albeit by just 0.13 per cent – whereas consumption in Sumatra grew by 6.8 per cent, twice as fast as the national average. The uneven distribution of growth has implications for Indonesia’s cement firms. S... |
Indonesia: President meets with Semen Indonesia protestors03 August 2016, Published under Cement NewsIndonesian President Joko Widodo has met with community representatives who are resisting plans to build a cement factory and quarry at Mount Kendeng in Central Java, the Jakarta Post reports. According to the newspaper, the new PT Semen Indonesia plant is 95 per cent complete. Locals have raised objections on the grounds that the plant will disturb the community and that the mining operation will jeopardise access to groundwater supplies. Following the meeting, the president’s chief o... |
Semen Indonesia exports to East Timor02 August 2016, Published under Cement NewsPT Semen Indonesia has said that it exports 15,000t of cement to Dili, East Timor, every month. Through subsidiary Semen Tonasa, the company has exported to Dili every month since 2000, according to senior manager at the company, Sigit Wahano. Mr Wahano said Semen Indonesia, with a production capacity of 31.8Mta, exports 10 per cent of its production volume every year. |
PT Semen Indonesia22 July 2016, Published under Cement NewsTotal cement sales by Semen Indonesia crept up by 1.2 per cent in the first half of 2016, compared to the same period last year. The opening six months of this year saw sales hit 12.37Mt, versus 12.23Mt in 1H15. Of this total, domestic sales accounted for 12.18Mt, up 1.6 per cent YoY, while exports slipped by 20.1 per cent to 189,052t, compared to 236,679t in the first half of last year. Semen Gresik reported total cement sales of 5.59Mt in 1H16, up 0.7 per cent YoY, followed by Semen Pad... |
Indonesia: Consumption rises 3.1% in year to June 201618 July 2016, Published under Cement NewsCement consumption in Indonesia reached 29.48Mt for the first six months of 2016, according to Indonesia Investments, but sales in Java – the largest market – recorded a decline in June. Overall, cement consumption for 1H2016 was up 3.1 per cent YoY. In June, Indonesia consumed 5.1Mt of cement, up by 1.8 per cent YoY. For the whole six-month period, only the Kalimantan region recorded a decline in consumption (of 16 per cent), but growth in Java was slow at just 1.3 per cent. Export fi... |
Vietnam: consolidation unavoidable08 July 2016, Published under Cement NewsAnalysts may ponder whether cement production in Vietnam is entering a crucial phase as this week the Ministry of Construction announced that it would be divesting a large stake in the Vicem cement group with a public offering in the 4Q16. Cement oversupply in the market is increasing while exports have been difficult and as cement prices come under pressure, consolidation appears now unavoidable. Vicem also holds 35 per cent of shares in Holcim Vietnam, a member of the LafargeHolcim Gro... |
Indonesia: new plant for PT Semen Indonesia29 June 2016, Published under Cement NewsPT Semen Indonesia has plans to invest between IDR4trn (US$303m) and IDR5trn (US$380m)in a new plant in Aceh, according to Corporate Secretary, Agung Wiharto. The company established a new entity on 22 April in cooperation with local company PT Samana Citra Agung, forming PT Semen Indonesia Aceh. This new entity will become the operator of the plant. Samana Citra is the majority owner of Semen Indonesia Aceh as it owns the land on which the new plant was constructed. However, Semen Indone... |
Indonesia: Semen Indonesia looks to international markets21 June 2016, Published under Cement NewsAmid prospects of disappointing revenue growth in the domestic market, Semen Indonesia is looking offshore to expand its sales figures. Newly appointed head of PT Semen Indonesia, Rizkan Chandra has said that he wants to raise the company’s sales outside of Indonesia from 5.2 per cent of revenue in 2015 to 10-15 per cent over the next three years. In an interview Mr Chandra said operations may expand into Bangladesh, Sri Lanka and the Maldives, with operations already present in Vietnam. ... |
Indonesia: cement sales to April up 4.2% YoY18 May 2016, Published under Cement NewsCement sales in Indonesia reached 19.3Mt in the four months from January to April 2016, reports Indonesia Investments. This represents a 4.2 per cent increase on the same period in 2015. Rising supply from new entrants to the market has driven most of the consumption growth. Of the three biggest incumbents – Semen Indonesia, Indocement Tunggal Prakarsa and Holcim Indonesia – only the first saw YoY volume sales rise in April 2016 while both Indocement and Holcim reported double digit decli... |
Semen Indonesia to invest US$2.2bn over next five years16 May 2016, Published under Cement NewsSemen Indonesia President Director, Rizkan Chandra, has announced that his company is to invest IDR30tn (US$2.2bn) over the next five years. The funding will be split between existing operations, entry into new markets and downstream acquisitions. According to reports on Deal Street Asia, Semen Indonesia is looking to acquire majority interests in ready-mix and precast businesses. The firm is also planning to expand further afield and is considering its options in four countries, includin... |