Indocement plans to boost exports

Indocement plans to boost exports
23 March 2015

HeidelbergCement-owned Indocement Tunggal Prakarsa expects to  benefit from the depreciation of the currency in maintaining revenue amid the sluggish demand by pushing exports, The Jakarta Post reported.

Indonesia's second-largest producer is planning to enhance shipments from 156,000t to  250,000t in 2015 on the back of strengthening dollar, said Christian Kartawijaya, president director.

The company hopes to export more of its products owing to the depreciation of rupiah against dollar, Mr Kartawijaya stated. It currently has export markets in Taiwan, Sri Lanka, Tahiti and Bangladesh and is keen to grab opportunities in the market.

The company’s finance director, Tju Lie Sukanto, added that most of Indocement's exported products are white cement as it is the only producer of the niche product in the country.

Indocement’s domestic sales volumes last year, meanwhile, were up just 2.9 per cent to 18.5Mt last year, which Christian sai. The company managed to maintain its market share unchanged at 30.4 per cent along last year, but saw its grip in several regions decline, such as in the western part of Java, where its sales were overtaken by new player Semen Merah Putih.

In terms of its own new capacity addition, Indocement is constructing  a new integrated production line at its flagship Citeureup works. The new line will have a cement capacity of 4.4Mta and is due for completion by end-2015.

Published under Cement News

Tagged Under: Indocement Indonesia Exports