Cement News tagged under: Indonesia

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ASI welcomes new factories in eastern Indonesia only

17 September 2020, Published under Cement News

With two new cement plants starting operations in Grobogan, Central Java, and Jember, East Java, Indonesia, domestic producers are expected to see a drop in capacity utilisation rates as the excess production capacity is set to rise to 41Mta, according to the Indonesian Cement Association. "Two new factories in Grobogan, Central Java and Jember, East Java are currently working on commissioning. Hopefully there will be no more issuance of new cement plant permits because plant utilisation n...

Indonesia's cement production forecast to fall 17% YoY

11 September 2020, Published under Cement News

Indonesia's cement production is likely to fall further in 2020, as a result of Jakarta's second lockdown, according to the Japanese investment bank, Nomura. The bank has cut its 2020 cement production estimates for Indonesia and now expects it to fall 17 per cent YoY. Halted construction activity could also indicate a longer recovery period for the cement sector. However, investors could take advantage of the pullback in stock prices and accumulate cement stocks before the next recovery c...

Indonesian cement market contracts 16% in July

27 August 2020, Published under Cement News

Cement demand in Indonesia declined 16.3 per cent YoY to 5.3Mt in July 2020, according to the Indonesian Cement Association (ASI). The market of Sulawesi saw the largest contraction at 26.1 per cent to 413,000t. However, the drop in consumption in the key markets of Sumatra and Java had a greater impact. In Java cement demand fell by 19.7 per cent to 2.96Mt while in Sumatra, consumption declined by 9.8 per cent to 1.14Mt. In Maluku and Papua cement sales were up 12 per cent YoY to 164,000t...

Sharp rise in Indonesian cement demand in June

23 July 2020, Published under Cement News

Cement consumption in Indonesia rose by 29.2 per cent YoY to 4.86Mt in June 2020, according to Widodo Santoso, chairman of the Indonesian Cement Association (ASI). "This is because last year there were the effects of Ramadan and Eid, so consumption was limited," he said. The easing of large-scale social restrictions (PSBB) in a number of regions and the relaxation of credit disbursement by multifinance companies led to an increase in people's purchasing power. However, the rise in June...

Solusi Bangun Indonesia reviews its capex after challenging 2Q20

10 July 2020, Published under Cement News

Semen Indonesia-owned Solusi Bangun Indonesia (SBI) is reviewing its capital expenditure plans for 2020 due to the coronavirus pandemic, according to Bisnis. "The current conditions are still very dynamic, which depends on the corona virus which is still ongoing. Many government projects, such as from the Ministry of Public Works and Public Housing (PUPR), have not been running because of it " the company’s President Director, Aulia Mulki Oemar, said. While the company had prepared a IDR50...

Semen Indonesia eyes expanding export volume in 2020

24 June 2020, Published under Cement News

PT Semen Indonesia Tbk remains optimistic that the cement market will improve and to boost its volumes, it will target export markets in 2020. "The addition of capacity allows us to open new markets in the region, with a target of more than 2019," said Semen Indonesia Director of Marketing and Supply Chain, Adi Munandir, during the annual general meeting of shareholders (AGM) in Jakarta on 19 June. Launching last year's sales report, Semen Indonesia booked an export volume of 3.66Mt, up 1...

PT Semen Indonesia to pay IDR239bn dividend

23 June 2020, Published under Cement News

PT Semen Indonesia Tbk (SMGR) will pay a dividend of IDR239bn (US$16.9m) or 10 per cent of SMGR's net profit in 2019 which reached IDR2.39trn, down 22.3 per cent YoY. Per share, the dividend amounts to IDR9500, representing a yield of 0.42 per cent. "The remaining 90 per cent will be used for other reserves," explained the company’s Director of Marketing and Supply Chain, Adi Munandir, during the annual general meeting of shareholders (AGM) in Jakarta on 19 June. Mr Munandir added that th...

Indonesian export shipments surge 41% in May

12 June 2020, Published under Cement News

Cement and clinker exports from Indonesia advanced 41 per cent YoY in May to reach 625,650t, according to the Indonesian Cement Association (ASI). In May 2019 cement and clinker exports stood at 443,773t. Clinker exports were up 43.1 per cent YoY to 565,542t while cement exports increased 23.5 per cent YoY to 60,109t. In the first five months of 2020, clinker and cement exports expanded by three per cent YoY to 2.6Mt from 2.524Mt in the 5M19. The increase was driven by a 13.8 per cent rise...

Indonesian cement market contracts 38% in May

11 June 2020, Published under Cement News

Demand for cement in Indonesia declined 38.3 per cent in May 2020 to 3,207,114t, according to the Indonesia Cement Association (ASI). In May 2019 domestic consumption reached 5,195,380t. The largest decrease was noted in the country’s largest market, Java, where demand fell 46.5 per cent from 3,025,312t in May 2019 to 1,619,822t in May 2020. Sumatra, the second-largest market, contracted by 29.4 per cent to 717,308t from 1,016,546t in May 2019. Offtake in Sulawesi fell 28.5 per cent to 279...

Semen Indonesia Group sees 37% fall in May sales

11 June 2020, Published under Cement News

Semen Indonesia Group (SIG) reported a 36.7 per cent drop in sales to 2,114,125t in May 2020 when compared with 3,338,768t in May 2019. Of this total Semen Indonesia, including SBI, saw sales decline by 38.5 per cent YoY to 1,936,752t (May 2019: 3,149,339t). The company’s domestic deliveries fell by 42.6 per cent YoY to 1,581,892t while exports were down 10.3 per cent to 354,860t when compared with May 2019. In addition, Thang Long Cement Co (TLCC) posted a 6.4 per cent drop in sales to ...