Indonesia’s Semen Gresik four month cement sales
PT Semen Gresik said its four months to April cement sales reached 4.73Mt, up 1.4 per cent year-on-year, with a heavy fall in exports offsetting gains in local sales. It said domestic sales in the four-month period rose 6.8 per cent year-on-year to 4.51Mt from 4.22Mt a year earlier. Over the same period, export volume dropped 50 per cent to 223,553t from 446, 837t.
The decline was in line with the company’s strategy to reduce exports by 25-30 per cent this year in order to maintain its local market share of 45 per cent. It is also more profitable to sell cement in the local market due to higher selling prices, the company said.
Published under Cement News
