Cement News tagged under: Indonesia

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PT Indocement Tunggal Prakarsa sells 4Mt of cement in 1Q21

29 April 2021, Published under Cement News

The 1Q21 cement sales of PT Indocement Tunggal Prakarsa Tbk have seen a pick up. Indocement Director and Corporate Secretary, Antonius Marcos, said that in March 2021, the company recorded sales of 1.4Mt, more than 200,000t higher sales than in the previous month.   Indocement reached 4Mt during 1Q21 (3.9Mt in 1Q20)   and the company still believes that sales growth in 2021 can reach four per cent higher than in 2020.   This year, Indocement will strengthen its sales in Sumatra...

PT Semen Padang announces export volumes

08 March 2021, Published under Cement News

Indonesia’s PT Semen Padang has announced its export volumes of cement and clinker in January and February 2021. The deliveries were made to the Maldives, Australia and Bangladesh. "From early January to mid-February 2021, the Semen Indonesia Group, through PT Semen Padang, has exported 333,532,391t of cement and clinker," said Rahman Kurniawan, sales manager. Cement and clinker exports have continued to increase, because shipments are still ongoing, he added. The company exported a...

Semen Indonesia records 4Q20 results earnings of IDR1.25trn

02 March 2021, Published under Cement News

PT Semen Indonesia (SMGR)  booked 4Q20 earnings of IDR1.25trn (US$87.5m), up 35 per cent YoY, bringing 2020 earnings to IDR2.8trn, a rise of 17 per cent YoY, helped by lower interest costs and tax expenses. SMGR 2020 revenues of IDR35.2trn were down 13 per cent YoY, mainly due to lower volume and higher export sales. SMGR reported total 2020 volumes of 38.8Mt, an eight per cent YoY drop. This was dragged down by domestic sales of 32Mt, down 13 per cent YoY, while export sales rose ...

Two Indonesian producers expect 3-4% cement volume increase in 2021

02 March 2021, Published under Cement News

PT Semen Indonesia (SMGR ) and Indocement Tunggal Prakarsa (INTP) expect domestic cement volume to grow 3-4 per cent YoY in 2021. This could be achieved through a recovery in bulk cement, which declined in 2020 by 22 per cent YoY. Volume is expected to remain soft in the 1Q21 in Indonesia with turnaround expected to occur in the 2Q21, added UBS Global Research (Indonesia).   In 2020 there was increased competition in Java and Kalimantan, but the average selling price for Tier-1 brands r...

All of SIG’s cement plants now operate on alternative fuels

09 February 2021, Published under Cement News

PT Semen Indonesia Tbk (SMGR) has released a goal of getting all of its cement plants to operate on alternative fuel. This effort will also support the government’s aim of reducing Indonesia’s use of coal. "We want to provide a long-term solution in overcoming the problem of domestic waste that can have a positive impact on the environment and society at large," said SMGR Director, Hendi Prio Santoso, in a press statement in Jakarta. He explained that all SMGR factories now without ...

Taiheiyo signs capital investment agreement in Solusi Bangun Indonesia

27 January 2021, Published under Cement News

PT Solusi Bangun Indonesia Tbk (SMCB), PT Semen Indonesia Industri Bangunan and Japan-based Taiheiyo Cement Corp signed a capital transfer and inclusion agreement and cement sale and purchase master agreement (offtake agreement) on 26 January. The transfer and capital participation agreement reflects the planned capital investment by Taiheiyo in the former Holcim subsidiary through the issuance of new shares with the right to pre-order securities (HMETD) or rights issue. "The implementatio...

Indonesia's cement sales fall 10% in 2020

21 January 2021, Published under Cement News

Indonesia's 2020 domestic cement sales were recorded at 62.7Mt. The Indonesian Cement Association (ASI) reports the sales represent a fall by 10.4 per cent from 2019 sales of 70Mt, the lowest growth in 10 years.   The highest number of domestic cement sales in 2020 occurred in October at 6.2Mt, while the lowest sales occurred in May of 3.2Mt.   By December 2020, both monthly and yearly, sales on all islands contracted. Bank Mandiri's research team recorded the deepest contraction in...

Indocement targets 4% sales growth

19 January 2021, Published under Cement News

HeidelbergCement-owned PT Indocement Tunggal Prakarsa Tbk is targeting a four per cent sales volume growth this year on the condition that the business world will resume operations following COVID-19 vaccination programmes, according to the company’s Director and Corporate Secretary, Antonius Marcos. Last year sales of the Indonesian cement producer reached 16.5Mt and the new objective sets expected sales in 2021 at 17.16Mt. However, the growth target remains below the 18.1Mt sales of 2018 ...

PT Semen Padang exports 1.5Mt in 2020

08 January 2021, Published under Cement News

Indonesia’s PT Semen Padang has announced it exported more than 1.5Mt of cement and clinker to various destinations during 2020, including Bangladesh, China, Malaysia, Myanmar, the Philippines, Australia, Maldives and Sri Lanka. The most clinker exports were sent to Bangladesh, Myanmar, China, Malaysia and the Philippines. The majority of cement exports were dispatched to Australia, Maldives and Sri Lanka. Total cement exports reached 200,000t and clinker 1.35Mt. The company also expec...

Indonesian industry to face continued overcapacity challenge

26 November 2020, Published under Cement News

The COVID-19 pandemic has seen Indonesian cement sales drop throughout most of 2020 with October sales down 9.7 per cent YoY. Moreover, demand is predicted to fall 11 per cent YoY by the end of the year, according to PT Indocement Tunggal Prakarsa Tbk. However, the industry is currently challenged by considerable overcapacity. In 2020 total domestic cement capacity is 116.4Mta with a plant utilisation of 54.6 per cent, supplying a domestic market of an estimated 63.6Mta. Competition is e...