Indonesian 1Q cement sales rise six per cent
Domestic sales in Indonesia rose six per cent in the first-quarter 2011 to 10.28Mt, up from 9.7Mt over the same period last year, the Indonesian Cement Association (ASI) reported.
The increase is attributed to relatively stable interest rates, according to Urip Timuryono, chairman of ASI.
He said developers have begun to build properties under such supporting conditions. “There is also construction of toll roads and bridges in the first quarter of this year,” he added.
Mr Timuryono noted that domestic sales are expected to reach and could even surpass the 43Mt mark this year. Published under Cement News
