PT Indocement - December 2013

PT 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 per cent in 3Q12 to 30.5 per cent in 3Q13.

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