Cement News tagged under: Indocement
Heidelberg Materials acquires PT Semen Grobogan plant18 October 2023, Published under Cement NewsHeidelberg Materials , via its subsidiary Indocement , has signed an agreement to acquire 100 per cent of the shares in PT Semen Grobogan ’s integrated cement plant located in Central Java, Indonesia. The plant started commercial production in 2022. With this investment, Heidelberg Materials further strengthens its footprint in Indonesia, one of the company’s core markets in Asia-Pacific. The Semen Grobogan cement plant has a capacity of 1.8Mta of clinker and 2.5Mta of cement with lime... |
Indocement sees 3% rise in profit in 202205 April 2023, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk (INTP), part of Heidelberg Materials , reported a profit of IDR1.84trn (US$123.2m), up three per cent YoY, in 2022. Net revenue was up 10.5 per cent to IDR16.32trn when compared with 2021, when net revenue reached IDR14.77trn. INTP’s cement sales to third parties in 2022 saw a 9.9 per cent YoY increase to IDR14.75trn, while ready-mixed concrete sales advanced 20.9 per cent YoY to IDR1.29trn. However, aggregate sales were down 48 per cent YoY to IDR19.7... |
Indocement awards FLSmidth contract for AF system25 November 2021, Published under Cement NewsHeidelbergCement subsidiary PT Indonesia Tunggal Prakarsa Tbk will be replacing the majority of its coal use with a full alternative fuels solution from FLSmidth, who will be delivering a MissionZero flagship product. The project will enable the Indonesian cement producer to use municipal waste and biofuels. PT Indocement awards AF contract to FLSmidth. Left to right: Lars Bo Larsen, Danish Ambassador to Indonesia – Jeppe Kofod, Danish Minister of Foreign Affairs – Leo Carnevale, F... |
Indocement sales fall 9% in 9M2028 October 2020, Published under Cement NewsHeidelbergCement-owned Indocement posted sales of 11.7Mt in the January-September 2020 period, down 8.6 per cent when compared with the 9M19. The drop in sales is attributed to the impact of the COVID-19 pandemic. Indocement expects full-year sales to decrease by 5-7 per cent YoY. |
Indocement anticipates conservative sales growth09 April 2019, Published under Cement NewsIndocement Tunggal Prakarsa is targeting a conservative sales growth of four per cent this year to IDR15.8trn (US$1.1bn) on the back of a slowdown in domestic cement consumption, president director Christian Kartawijaya has said. Mr Kartawijaya predicts demand for cement to pick up in the second half of 2019, after the country's presidential election to be held this month, he told the Jakarta Post. The HeidelbergCement group company believes cement consumption will be driven by government ... |
Terminal benefits06 March 2019, Published under Cement NewsIn September 2018 PT Indocement Tunggal Prakarsa Tbk started commissioning its new terminal in Lampung, southern Sumatra, Indonesia. Five months later, in January 2019, the facility is fully operational and reduces the high costs of complex logistics from the company’s integrated Citeureup works to improve the availability of bulk and bagged cement across the Indonesian market. By PT Indocement Tunggal Prakarsa Tbk, Indonesia. The rising demand for bulk cement in Indonesia has been a ... |
Indocement opens new Palembang terminal21 March 2018, Published under Cement NewsIndocement has opened a new cement terminal in Palembang, South Sumatra, Indonesia. The 0.5Mta terminal will improve the company’s distribution and logistics in the western part of the archipelago. The cement producer has currently a market share of 14-15 per cent on Sumatra, which is the second-largest market in Indonesia after Java. The new terminal is expected to help raise this to 20-25 per cent. Indocement owns seven further terminals in Indonesia – Semarang, Lombok, Tanjung Prio... |
Indonesia: changing perspectives10 April 2017, Published under Cement NewsFollowing 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... |
PT Indocement19 October 2016, Published under Cement NewsPT Indocement, along with Indonesia’s other cement producers, is waiting on new regulations from the country’s government designed to curb expansion of the cement sector. The number of cement producers in Indonesia has risen from nine in 2012 to 19 this year, causing total annual cement production to jump from 59.3Mt in 2012 to 92.7Mt in 2016, while demand remains around the 65Mt mark. According to Fitch Ratings, capacity utilisation, which was approximately 85 per cent over the last three t... |
Indonesia: Indocement cuts production by 1Mt10 August 2016, Published under Cement NewsPT Indocement Tunggal TBK will cease operations at two production lines at its Citeureup plant due to the national cement excess, resulting in a 1Mta drop in output levels. The fall in cement sales in the country resulted in Indocement seeing its domestic sales volume drop 3.7 per cent to 7.9Mt QoQ in 2Q16. However, exports for the company increased by 190,000t when compared to the same period last year. President Director of Indocement, Christian Kartawijaya, said, “we supply a lot of pr... |