Cement News tagged under: Indonesia

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HeidelbergCement

02 May 2019, Published under Cement News

HeidelbergCement has sold the 0.7Mta Spoleto cement works to Colacem and agreement has been reached to sell the Testi integrated cement works and two grinding centres to Buzzi Unicem, with completion envisaged by the end of July. The Indonesian subsidiary Indocement is looking for four per cent sales growth in 2019 to some IDR1.1bn, with most of the growth coming in the second half. This compares with a 5.3 per cent growth rate in 2018 when the net profit fell by 38.4 per cent.

Indonesian cement sales edge up 3% in 2M19

19 April 2019, Published under Cement News

Total cement deliveries by Indonesian cement producers advanced 2.6 per cent in the first two months of 2019 to 11.216Mt when compared with 10.93Mt in the 2M18, according to the latest data from the Indonesian Cement Association, ASI. While domestic sales were only 0.3 per cent higher YoY at 10.547Mt in January-February 2019, export sales during the period. surged by 62 per cent YoY to 668,815t. Of total export sales, 419,725t were exported as clinker, up 53.1 per cent YoY. Cement exports ...

Semen Indonesia Group and SBI see 47% rise in February sales

19 April 2019, Published under Cement News

Semen Indonesia Group and PT Solusi Bangun Indonesia (SBI) have posted sales of 3.095Mt in February 2019, a significant increase of 47 per cent YoY when compared with a sales volume of 2.106Mt noted in February 2018. Semen Indonesia reported a 7.4 per cent YoY advance in its sales volume to 2.157Mt  in February 2019. Of this total, the company supplied 1.856Mt to the domestic market, up 1.2 per cent when compared with 1.835Mt in February 2018. Around 300,772t was exported, representing a 7...

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 ...

PT Semen Indonesia sees 10% revenue rise in 2018

03 April 2019, Published under Cement News

PT Semen Indonesia increased revenues by 10.3 per cent YoY to IDR30.688trn in 2018 from IDR27,814trn in 2017. The company’s consolidated sales volume reached 33.153Mt, including the sales from Thang Long Cement in Vietnam. Export sales from its Indonesian production base advanced 68.7 per cent to 3.157Mt when compared with 1.871Mt in 2017. The Indonesian cement producer saw its cost of revenue advance by 7.6 per cent to IDR21.357trn when compared with IDR19.854trn in the previous year. ...

PT Semen Indonesia

01 April 2019, Published under Cement News

In February 2019 Semen Indonesia sold a total of 3,095,309t of cement and clinker. This compares to 2,495,779t in the previous month. Semen Indonesia contributed 2,156,914t to the February total, mainly from domestic sales (1,856,142t) but also exports (300,772t). This was slightly down on the 2,357,381t reported in January this year. A further 133,457t was added by TLCC in February, made up of 40,541t to the domestic market and 92,916t in exports. Again this was slightly down on the 138,398...

The new Asian paradigm

01 April 2019, Published under Cement News

This week CemNet news reported on the latest developments in LafargeHolcim's (LH) sale of Holcim Philippines Inc. Shares in the company have risen 50 per cent since January 2019, giving the cement maker a US$1.3bn market value, according to Bloomberg data. A decade ago, every cement major wanted to grab a piece of the Emerging Market pie. What happened? Holcim Philippines operates five plants with 9.6Mta capacity, following the recent grinding mill expansion at its La Union plant in North L...

PT Indocement

27 February 2019, Published under Cement News

Cement consumption in Indonesia grew by five per cent in 2018, compared to 7.6 per cent the year before, and is projected to expand by four per cent in 2019, according to PT Indocement. Although consumption in 2019 will continue to be driven by infrastructure projects, and the completion of commercial and residential projects, US policies to increase interest rates and reduce corporate tax have had an impact on the Indonesian economy, warned the company. Strong bulk cement demand is expec...

Indonesian cement market expands 5% in 2018

13 February 2019, Published under Cement News

Indonesia’s cement consumption advanced by 4.8 per cent YoY to 69,565,129t in 2018 from 66,349,944t, according to the preliminary data of the Indonesian Cement Association (ASI). While cement demand declined 5.4 per cent to 4.632Mt in the Jakarta area and slipped by 0.6 per cent in East Java, other regional markets saw significant growth. Cement demand in Yogyakarta surged by 10.8 per cent to 1.214Mt, followed by Banten, where consumption advanced by nine per cent to 3.475Mt. In Central Jav...

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....