Cement News tagged under: Indocement

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Indocement anticipates conservative sales growth

09 April 2019, Published under Cement News

Indocement 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 benefits

06 March 2019, Published under Cement News

In 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 terminal

21 March 2018, Published under Cement News

Indocement 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 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...

PT Indocement

19 October 2016, Published under Cement News

PT 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 1Mt

10 August 2016, Published under Cement News

PT 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...

Indocement awaits the "domino-effect"

15 June 2016, Published under Cement News

Growth of Indonesia’s cement market weakened in 2015, but prospects for this year are more optimistic with demand expected to significantly improve. ICR spoke to Christian Kartawija, CEO of market leader PT Indocement Tunggal Prakarsa, about the producer’s performance in 2015, his view on cement demand and construction activity in this major southeast Asian nation and the potential for sector consolidation. By ICR Research, UK. Christian Kartawijaya, CEO, PT Indocement Market pe...

Indonesia: PT Indocement streamlines operational efficiency

21 March 2016, Published under Cement News

Indonesia's second-largest cement producer, PT Indocement Tungall Prakarsa, has seen its net profit fall decelerate as operational efficiency measures have successfully taken hold The publicly-listed company’s Board of Directors announced that Indocement booked IDR4.36tn (US$33.3bn) of net profits last year, 17.6 per cent less than the IDR5.29bn in 2014. Its revenues slid by 11 per cent to INR17.8tn. Indocement finance director, Tju Lie Sukanto, said the drop in revenues was caused by lo...

Indocement plans to close three inefficient lines, Indonesia

10 August 2015, Published under Cement News

Indocement Tunggal Prakarsaplans, part of the HeidelbergCement Group, plans to discontinue production activities of lines P1, P2, and P6 at its flagship Citeureup works, Indonesia. "We seek to stabilise margins this year by shutting down factories that are not efficient, including factories P1, P2, and P6 in Citeureup with a total production capacity of 1.2-1.5Mta," Indonesia Finance Today quoted Christian Kartawijaya, President Director of Indocement as saying. Mr Kartawijaya said operati...

Indocement plans to boost exports

23 March 2015, Published under Cement News

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, ...