Growing domestic demand is the main driver for the increase in profit of the country’s largest cement maker, a research by Citigroup said.
Its income is estimated to grow 11 per cent annually during the same period with cement prices forecast to rise 9 per cent, the research added.
The company including its two subsidiaries PT Semen Padang and PT Tonasa, had an annual production capacity of 16.92 million tons in 2006 with a market share of 46.4 per cent in he country. Its annual exports, however, are predicted to grow only 3 per cent as against 11 per cent in 2006.
