Indonesia cement consumption to rise 7% in 2012

Indonesia cement consumption to rise 7% in 2012
02 January 2012

Indonesia’s cement national consumption is forecast to reach 48.15Mt in 2012, a 7 per cent increase on 45Mt recorded in 2011, president director of state cement plant PT Semen Gresik, Dwi Soetjipto, according to a report by Asia Pulse.

"We actually have been anticipating the books following the operation of two cement plants in 2012," he said in a year-end statement in Gresik, West Java, on Sunday.

He added that each of the two new cement plants, namely Tuban IV in East Java and Tonasa V in Pangkep, South Sulawesi, has a production capacity of 15t.

Tuban IV was scheduled to start producing in the first quarter of 2012, while Tonasa V in the second quarter.

"The operation of the new cement plants brings the total production capacity to 25.2 million tons per year, while up to 2015 we have targeted the Gresik cement production at 30 million tons pear year," he added.
With regards to the 2011 performance, Dwi Soetjipto said that in the January-December period, total production had reached 19.8Mt, up by 10 per cent on a year earlier.

"Cement sales reached 19.6 million tons, so that by the end of 2011 it grew by 9 per cent compared to 2010," Soetjipto added.

Besides improved production, Dwi Soetjipto also noted that Semen Gresik`s shares up to the closure of trading in 2011 reached an increase of 21 per cent from IDR9.45 (by end of 2010) to IDR11.45 per share.
"Right now capitalization of Semen Gresik reached IDR68tr which was proof of future investor or share holder confidence," he said.
Published under Cement News