Cement News tagged under: Semen Indonesia
Semen Indonesia to sell 49% stake in unit13 June 2016, Published under Cement NewsIndonesia's largest cement producer, Semen Indonesia, plans to sell a 49 per cent stake in one of its units to help fund the company's future expansion, according to Investor Daily quoting the firm’s Finance Director, Darmawan Junaidi. The strategic investor will hold the stake for a limited period, tentatively 10 years. However, which subsidiary's stake will be sold remains currently undisclosed. Semen Indonesia has four subsidiaries – PT Semen Gresik, PT Semen Padang, PT Semen Tonasa and... |
Rizkan Chandra new Semen Indonesia President Director17 May 2016, Published under Cement NewsSemen Indonesia's Board has elected Rizkan Chandra as new President Director at its Annual General Director. The current term of his appointment runs until 2020. Mr Chandra was born in Jakarta on 27 January 1969. He majored in Informatics Engineering ITB and obtained his masters in Management of Technology at the National University of Singapore. He previously served as Director of PT Semen Indonesia (Persero) Tbk, Director of Network, IT& Solution PT Telekomunikasi Indonesia (Persero... |
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... |
Indonesia: Widodo to meet with cement plant protestors18 April 2016, Published under Cement NewsIndonesian president Joko Widodo will meet with nine women who encased their feet in concrete in protest over the construction of a cement factory in Java. According to reports in JKT Globe, the women are objecting to the planned construction of a Semen Indonesia plant near Mount Kendeng in Rembang district, Central Java. "The nine women have been promised a meeting with the president, and they believe that they have achieved their objectives," said Yunita, a lawyer at the Jakarta Leg... |
Semen Indonesia sets up Aceh joint venture18 March 2016, Published under Cement NewsPT Semen Indonesia Tbk and PT Samana Citra Agung on 17 March signed agreement to set up a joint venture company, called PT Semen Indonesia Aceh, which will engage in producing and distributing cement. The agreement was signed by president director of Semen Indonesia, Suparni, and president director of Samana Citra Agung, Deni Fahlevi in Jakarta. Samana Citra is based in Aceh, on the northern tip of Sumatera Island. Both parties have agreed to invest a total of IDR5trn (US$383.3m) in estab... |
Semen Indonesia eyes 4-5% first-half sales growth04 March 2016, Published under Cement NewsSemen Indonesia expects cement sales to grow between 4-5 per cent in Jan-Jun, driven by the government's push for infrastructure projects, Bisnis Indonesia reported quoting Suparni, president director of the company. For full-year 2015, the company reported an 18.7 per cent drop in net profit to IDR4.52trn (US$336.56m) due to the increase in electricity and distribution costs, as well as the depreciation of the rupiah against the US dollar. Total sales volumes rose by 0.4 per cent to ... |
Semen Indonesia full-year net profit falls24 February 2016, Published under Cement NewsPT Semen Indonesia Tbk reported an 18.7 per cent drop in 2015 net profit to IDR4.52trn (US$336.56m) versus IDR5.56trn a year earlier. In its financial report published Tuesday, the company's 2015 revenues totalled IDR26.95trn, virtually flat from the IDR26.99trn in 2014 amid sluggish demand. The company's president director Suparni attributed the fall in net profits to the increase in electricity and distribution costs, as well as the depreciation of the rupiah against the US dollar, lo... |
Indonesia: exports offset slower domestic sales22 January 2016, Published under Cement NewsCement industry statistics show that full-year 2015 consumption in Indonesia increased by 0.8 per cent YoY to 60.4Mt, while including exports, sales were up by 2.1 per cent to 61.448Mt. While December 2015 showed a rise in Indonesian sales (+2 per cent including exports) the full-year figures are only modestly higher due to the poor sales in the earlier months of 2015. Exports (with a full-year increase of +209.9 per cent) offset relatively slow domestic sales. The country's largest c... |
Rembang construction on course for 3Q16 completion24 December 2015, Published under Cement NewsConstruction of Semen Indonesia's Rembang cement plant in Central Java, Indonesia, is set to be completed by August 2016, local news agency ANTARA has reported. "We are optimistic that the construction of the Rembang cement plant would be completed in August 2016. In fact, the existing equipment is already capable of starting to process the cement," according to Semen Indonesia's Rembang Project Manager Ari Wardhana. Earlier this month, PT Semen Indonesia CEO Suparni, stated that the state... |
Indonesia October sales support full-year forecast02 December 2015, Published under Cement NewsIndonesian consumption figures in October 2015 showed a huge sales volume gain over the same month of the previous year, but year-to-date figures are just slightly higher due to poor sales during the earlier months of this year. Domestic demand rose by 10.2 per cent YoY in October 2015 to 6.348Mt. Meanwhile, cement exports were 57,000t (+694.1 per cent) and clinker exports doubled to 56,000t. Total sales (domestic plus exports) during the month were 6.421Mt – translating to a rise of 1... |