Cement News tagged under: Holcim Indonesia

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Holcim Indonesia becomes PT Solusi Bangun Indonesia

11 February 2019, Published under Cement News

Holcim Indonesia has changed its name to PT Solusi Bangun Indonesia (Solution to Build Indonesia) following its takeover by PT Semen Indonesia. An Extraordinary General Meeting of Shareholders (EGM) of PT Holcim Indonesia Tbk, held on 11 February 2019, approved the company name change. In addition, two subsidiaries of PT Holcim Beton and PT Lafarge Cement Indonesia were renamed PT Concrete Building Solutions and PT Solusi Andalas Building, respectively. Semen Indonesia had acquired an 80....

PT Semen Indonesia

31 January 2019, Published under Cement News

Semen Indonesia has instructed BNP Paribas, Deutsche Bank’s Singapore branch, Maybank, MUFG Bank and Standard Chartered as the lead arrangers for a US$1.28bn, two-year bridge loan to support its acquisition of Holcim Indonesia. Semen Indonesia will take over 6.18m shares in Holcim Indonesia for a total cost of around US$940m. The deal includes four cement plants, 33 ready-mix plants and two aggregate quarries, giving Semen Indonesia an additional 14.8Mta of cement capacity, 10.45Mta of cl...

Semen Indonesia to buy LafargeHolcim’s Indonesian unit

13 November 2018, Published under Cement News

Indonesia's largest cement producer, Semen Indonesia, is buying the local business of LafargeHolcim for around US$940m. LafargeHolcim is disposing of its entire 80.6 per cent shareholding in Holcim Indonesia. The transaction will merge the operations of Indonesia's largest and third-largest players, representing a significant consolidation in the industry. PT Semen Indonesia currently holds 40.8 per cent of the market while PT Holcim Indonesia has a market share of 14.6 per cent. The deal ...

LafargeHolcim reviewing sale of Indonesian assets

06 July 2018, Published under Cement News

LafargeHolcim (Switzerland) is considering the sale of its Indonesian subsidiary, Holcim Indonesia, for a total consideration of US$2bn, according to Bloomberg and local reports.   The Indonesian cement market has suffered from overcapacity and price pressure in recent years, placing pressure on profit margins. Nevertheless, the long-term potential of the market and Holcim Indonesia’s strong market position make this a significant and surprising move.   Potential buyers include China’s major...

Holcim Indonesia half-year sales decline 10% YoY

07 August 2017, Published under Cement News

Holcim Indonesia reported a 10 per cent decline in sales to IDR4288bn in the first half of 2017 due to “tough market conditions exacerbated by the timing of Ramadan,” the company said in a statement. The subdued domestic economy and oversupplied market environment continued to suppress prices. However, the cost of sales was down by nearly two per cent reflecting the implementation of cost efficiency programmes by the company. Domestic cement consumption over the first six months of 2017 ...

Indonesia: sustaining profitability

19 May 2017, Published under Cement News

Weaker-than-expected growth in Indonesian cement consumption and fierce competitive pressures have led to a tough pricing environment, resulting in local producers looking to mitigate the impact of a challenging market. However, latest volume data by the Indonesian Cement Association (ASI) reveal strong domestic and export sales for the month of April, but can this recovery be sustained? Domestic cement consumption in 2016 was virtually flat (+0.1 per cent) compared to the previous...

Indonesia: changing perspectives

10 April 2017, Published under Cement News

Following high capacity utilisation rates and the prospect of market growth going forward, the decade running up to 2015 looked promising for Indonesian cement producers. However, as capacity expansions were implemented, economic growth faltered and cement demand slowed in 2015-16. Forecasts for 2017 are somewhat more optimistic, but the past few years have required domestic cement producers to change their perspective. B y Sinarmas Sekuritas, Indonesia. The slowdown in ceme...

Indonesia: Holcim Indonesia reports 5.3% growth in 9M16

01 November 2016, Published under Cement News

Publicly-listed Holcim Indonesia reported 5.3 per cent sales growth YoY to IDR6.91trn (US$530m) in the first nine months of 2016. The company attributed the performance to a 10.4 per cent increase in its cement sales volume to 6.2Mt. Domestic sales growth stood at less than three percent, with total sales at 44.7Mt. However, as prices remained under pressure, the company continued to note losses, albeit on a smaller scale than in 9M15. Holcim’s net losses in 9M16 fell to IDR160bn from I...

Holcim Indonesia sees sales volume grow by 21.1% in 1H16

09 September 2016, Published under Cement News

PT Holcim Indonesia Tbk, part of the LafargeHolcim Group, noted that domestic sale prices of cement dipped 17 per cent in 1H16, but the company still achieved 11.5 per cent increase in sales revenues to IDR4.8tn (US$3.66m) and a 10 per cent improvement in absolute gross profit. This price erosion is expected to continue, the company said. An enlarged operation which includes Lhoknga cement plant in Aceh, acquired in February 2016, supported the company's sales volume growth up by 21.1 per ...

Indonesia: Holcim completes Lampung terminal

15 August 2016, Published under Cement News

Holcim Indonesia has completed the construction of its cement terminal in Lampung at a cost of up to IDR400bn (US$30.5m). The new 4.7ha facility will be used for both storage and packing and will be able to process up to 1Mt of cement per year. Speaking on the project, finance director for the company, Mark Schmidt, said, "We will get the cement from a plant in Tuban [East Java], we will take it to Lampung to be packaged and marketed in South Sumatra.”