Cement News tagged under: Indocement
Indocement awaits the "domino-effect"15 June 2016, Published under Cement NewsGrowth 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 efficiency21 March 2016, Published under Cement NewsIndonesia'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, Indonesia10 August 2015, Published under Cement NewsIndocement 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 exports23 March 2015, Published under Cement NewsHeidelbergCement-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% YoY13 February 2015, Published under Cement NewsPT 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 rise27 January 2015, Published under Cement NewsPT 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 NewsIndonesian 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 capex14 May 2014, Published under Cement NewsPT 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 capacity20 March 2014, Published under Cement NewsPT 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 201410 December 2013, Published under Cement NewsIndocement 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 ... |