Holcim Indonesia to raise cement output

Holcim Indonesia to raise cement output
18 January 2006

Holcim Indonesia, (formerly Semen Cibinong) plans to raise its cement output to 7.9Mt this year from 7.7Mt last year, the Jakarta Post reported, citing company president Timothy Mackay.   Mackay said Holcim is also considering raising prices if the government approves an increase in the electricity tariff, given that electricity accounts for 20 per cent of production costs, Koran Tempo reported.  
A report by the Kompas newspaper said that the government plans to raise the electricity tariff of state power firm PT Perusahaan Listrik Negara by 18.4-48.3 per cent either next month or in April at the latest.  
Mackay said Holcim aims to get 16 per cent of the domestic cement market, selling up to 6Mt of its annual output in Indonesia.  
Semen Cibinong changed its name to Holcim Indonesia on Jan 1. Holcim AG of Switzerland, through Holcim Participations (Mauritius) Ltd, took a 77.33 per cent stake in Semen Cibinong in 2001 after the restructuring of Cibinong’s US$1.2bn debt. Published under Cement News