Cement News tagged under: Semen Indonesia
Semen Indonesia integrates Semen Baturaja28 September 2022, Published under Cement NewsPT Semen Indonesia Tbk (SMGR) announced it will acquire 7.49bn shares, or a 75.51 per cent stake, of PT Semen Baturaja Tbk (SMBR). As a result, Semen Indonesia will become the owner of Semen Baturaja. The step is based on Indonesian Government Regulation No 33 of 2022, issued on 21 September, concerning the Addition of State Equity Participaton of the Republic of Indonesia into the Share Capital of the Company (Persero) PT Semen Indonesia Tbk. In the regulation nearly 7.5bn state-owne... |
SIG sees revenue fall 2% in 1H2205 September 2022, Published under Cement NewsIn the first half of 2022, Semen Indonesia Group (SIG) has reported revenue of IDR15,876bn (US$1064m), down 2.1 per cent on the same period last year. The decline was mainly driven by lower sales volumes with domestic sales volumes down 2.6 per cent YoY to 13.9Mt on the back of the Lebaran holidays following a two-year gap during the pandemic, along with a shift in people’s spending priorities away from property and renovation work. Regional sales volumes fell 39.2 per cent YoY to 2.9Mt, t... |
Holcim sued by Indonesian island over climate change14 July 2022, Published under Cement NewsResidents of an Indonesian island threatened by rising sea levels are suing Holcim over its carbon emissions, according to TopWireNews. The island in question, Pulau Pari, depends on fishing and tourism for its economy but due to climate change large swathes of the island are expected to be submerged under water in 30 years' time, say the residents. They are now seeking compensation from Holcim for the damage they have already suffered as a result of climate change, as well as funds for floo... |
Semen Indonesia looks forward to 4% FY22 expansion02 February 2022, Published under Cement NewsSemen Indonesia expects to grow 3-5 per cent YoY in FY22, up from two per cent in FY21 as the key market for bagged cement (mainly for home renovations and small home cluster developments) improves. In addition, the property stimulus by the Indonesian government and a high infrastructure budget in FY22 are expected to support sales. A further driver is the improved control of the COVID-19 pandemic. The company’s sales strategy heavily focusses on the domestic market, which provides higher... |
Top two Indonesian cement producers evolve growth strategies13 August 2021, Published under Cement NewsThis week, CemNet featured a plethora of half-yearly financial reports from leading cement producers, including Semen Indonesia Group (SIG). SIG operates in a domestic market with an industry capacity of 120.5Mta and, even with a leading 42 per cent market share, it is seeing competition increase from new entrants that have added 24.7Mta of cement capacity between 2013-18. To meet this challenge, SIG is poised to embark on a regional expansion, while its nearest domestic competitor is expect... |
Semen Indonesia looks to optimising market opportunities in pandemic29 October 2020, Published under Cement NewsPT Semen Indonesia (Persero) Tbk (SIG) has prepared a range of business strategies during the COVID-19 pandemic, including optimising the company’s market potential. "The impact of this pandemic economically is very broad, so the health sector problems affect all sectors. But what we are doing is responding to today's challenges, ”said Director of Marketing and Supply Chain, Adi Munandir. The company is also targeting government projects as the public sector remains “sold in the midst of a... |
Solusi Bangun Indonesia reviews its capex after challenging 2Q2010 July 2020, Published under Cement NewsSemen Indonesia-owned Solusi Bangun Indonesia (SBI) is reviewing its capital expenditure plans for 2020 due to the coronavirus pandemic, according to Bisnis. "The current conditions are still very dynamic, which depends on the corona virus which is still ongoing. Many government projects, such as from the Ministry of Public Works and Public Housing (PUPR), have not been running because of it " the company’s President Director, Aulia Mulki Oemar, said. While the company had prepared a IDR50... |
Semen Indonesia eyes expanding export volume in 202024 June 2020, Published under Cement NewsPT Semen Indonesia Tbk remains optimistic that the cement market will improve and to boost its volumes, it will target export markets in 2020. "The addition of capacity allows us to open new markets in the region, with a target of more than 2019," said Semen Indonesia Director of Marketing and Supply Chain, Adi Munandir, during the annual general meeting of shareholders (AGM) in Jakarta on 19 June. Launching last year's sales report, Semen Indonesia booked an export volume of 3.66Mt, up 1... |
Semen Indonesia Group sales edge up in April14 May 2020, Published under Cement NewsSemen Indonesia Group (SIG) reported total sales in April 2020 of 3,060,256t, up 0.5 per cent when compared with April 2019, when the group achieved sales of 3,046,007t. Semen Indonesia (including SBI) saw sales advance in April 2020 by 0.7 per cent YoY to 2,860,091t from 2,841,406t. While domestic offtake slipped by 3.9 per cent from 2,516,121t in April 2019 to 2,419,221t one year later, export sales surged by 35.5 per cent YoY to 440,869t (April 2019: 325,285t). Thang Long Cement Co ... |
Semen Indonesia Group sales slip 2% in March22 April 2020, Published under Cement NewsTotal sales of Semen Indonesia Group (SIG) fell two per cent in March 2020 to 3,098,449t when compared with March 2019, when sales reached 3,161,373t, according to data released by SIG. Semen Indonesia, including PT Solusi Bangun Indonesia (SBI), reported a 4.9 per cent YoY drop in sales to 2,879,329t as the domestic market contracted by 9.5 per cent with offtake at 2,490,257t. However, exports advanced by 40.2 per cent YoY to 389,072t in March 2020. Thang Long Cement Co (TLCC) posted a... |