Indonesia 1H cement consumption up 12%
Indonesia’s cement consumption rose about 12 per cent in the first half of 2010 versus the same period last year, industry data showed on Thursday.
Total cement consumption in the first semester this year was 19,.6Mt compared to 17.6Mt in the same period in 2009, according to data from Indonesian Cement Association (ASI).
Cement consumption from April to June was at 9.9Mt
Indonesia’s biggest cement producer, PT Semen Gresik, is expected to produce 20.6Mt next year.
Investors have poured into Indonesia’s stock and bond markets in the past year, attracted by its strong growth prospects, and are now favouring consumer-related stocks on the strength of its domestic demand, brokers say. Published under Cement News
