Indonesia’s March cement consumption up 15.4 per cent
Indonesia’s domestic cement consumption rose 15.4 per cent to 2.99Mt in March from a year ago, the country’s largest cement maker, PT Semen Gresik , said on Monday.
Semen Gresik also said its cement sales jumped by 19 per cent to 1.34Mt helped by strong sales of its unit in Sulawesi, Semen Tonasa, and a 20 per cent rise in its main market in Java.
The March sales took first-quarter domestic cement consumption to 8.78Mt, up 16.8 per cent from the year-ago period, while Gresik’s domestic sales jumped 14.6 per cent in that period to 3.85Mt.
Gresik’s market share in the first quarter was down slightly to 43.9 per cent from 44.7 per cent a year ago.
Analysts expect demand for cement to remain strong with the government expected to start construction of some infrastructure projects to boost economic growth.
Published under Cement News
