Cement News tagged under: Indocement

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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, ...

Indocement sees volumes rising 6% YoY

13 February 2015, Published under Cement News

PT Indocement Tunggal Prakarsa expects volumes to grow six per cent this year, reported Kontan, citing CEO, Christian Kartawijaya. The HeidelbergCement group reported cement sales of 18.8Mt in 2014, up three per cent YoY, thanks to increased capacity. The company said it will spend IDR5trn (US$391m) on capital expenditure this year. The 14th line at its Citeureup plant in West Java is expected to start operating from the third quarter of this year.

Indocement expects 5-6% sales rise

27 January 2015, Published under Cement News

PT Indocement Tunggal Prakarsa Tbk, part of the HeidelbergCement Group, said sales would rise 5-6 per cent this year on hopes of strong demand from the infrastructure sector, Kontan reported, quoting the company's corporate secretary, Sahat Siahaan. The country's second-largest cemen producer expects to boost production capacity to 24.9Mta by the end of this year, from last year's 20.5Mta as production starts at its 14th factory at its sizeable Tuban works. A recent visit by UBS to ascertai...

Indonesian July 2014 cement delivery fall 25%

11 August 2014, Published under Cement News

Indonesian cement dispatches dropped by a quarter YoY to 3.7Mt in July 2014. The slowdown is attributed to falling economic growth, the presidential election and the Idul Fitri/Lebaran holiday. Apart from business closures, the holiday also leads to the large-scale movement of workers to their hometowns, which results in trucks being banned from specific roads. According to Widodo Santoso, chairman of the Indonesian Cement Association (ASI), cement sales are expected to recover and expand...

Indocement outlines 2014 capex

14 May 2014, Published under Cement News

PT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, plans to spend between IDR4.5trn (US$390.07m) and IDR5trn in capital expenditure this year, up from last year's IDR2.1trn, Reuters cited company Finance Director Tju Lee Sukanto as saying. Indonesia’s second-largest cement producer commissioned an additional 1.9Mta of grinding capacity during the first quarter of this year. A further 4.4Mta will come on-stream in 2015, with two 2.5Mta greenfield works being planned for 20...

Indocement outlines capex to raise capacity

20 March 2014, Published under Cement News

PT Indocement Tunngal Prakarsa, the second-largest cement producer in Indonesia, plans IDR4-4.5trn (US$349m-393m) in capital expenditure to increase capacity and lift market share. Updating stakeholders on the company’s 2013 performance at a public presentation earlier this week, Indocement said it sold 18Mt of cement last year, just 0.5 per cent more than 2012. Its market share dipped to 30.4 per cent from 32 per cent in the previous year, a decline the company attributes to a lack of add...

Indocement eyes 6% sales growth in 2014

10 December 2013, Published under Cement News

Indocement has set a growth target of six per cent next year on the back of new capacity additions and rising domestic demand. In the first nine months of the year, the company increased total cement and clinker volume by just 0.6 per cent per cent. The Citeureup works is adding 1.9Mta of grinding capacity later this year which will boost total capacity to 20.6Mta. It is further adding 4.4Mta of integrated capacity in 2015 in a brownfield project which started construction in October. Two ...

Indocement sets 2014 capex spend, Indonesia

29 November 2013, Published under Cement News

PT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, plans IDR4-5trn in capex next year, mostly geared towards boosting the company's production. "Most of it will be used to finance the ongoing construction of our brownfield plant in Citeureup [Bogor, West Java]," Sukanto told a news conference on Thursday. Funds will be sourced from internal cash. The brownfield works will have a capacity of 4.4Mta  China-based Tianjin Cement Industry Design and Research Institute will...

Indocement to raise prices, Indonesia

22 July 2013, Published under Cement News

PT Indocement Tunggal Prakarsa is planning to raise its cement prices in an effort to help offset an increase in subsidised fuel prices. Indocement’s director, Kuky Permana, told local press that increases have not yet been published as the company is still currently working out new prices. The company’s OPC currently sells at IDR54,000/40kg bag (US$5.3) and IDR64,000/50kg bag. The Indonesian government has increased the price of subsidized fuel from IDR4500/l to IDR6500/l for Premium g...