Cement News tagged under: Indonesia
PT Indocement27 February 2019, Published under Cement NewsCement 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 201813 February 2019, Published under Cement NewsIndonesia’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 Indonesia11 February 2019, Published under Cement NewsHolcim 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.... |
LafargeHolcim04 February 2019, Published under Cement NewsThe sale of the 80.6 per cent stake in Holcim Indonesia to Semen Indonesia, formerly known as Semen Gresik, has been completed, taking Semen Indonesia’s share from 35.7 per cent of the national capacity to 49.5 per cent. The deal, valued at around US$1750m, adds four cement works, 33 ready-mixed concrete plants and two quarries to Semen Indonesia’s production base. Semen Indonesia also has a sizeable cement business in Vietnam. The completion of this deal suggests that a disposal of the Phil... |
HeidelbergCement targets cash generation04 February 2019, Published under Cement NewsThis week the trend for divestments from the large multinationals was again demonstrated by LafargeHolcim's admission that it may seek a buyer for its operations in the Philippines , but it is not alone in trying to seek markets with higher returns. The selling hat is also being worn by HeidelbergCement, which held its Commerzbank German Investment Seminar 2019 in New York on 14 January. Dr Bernd Scheifele, Group CEO, gave a presentation update on the performance of the group in 2018 with s... |
HeidelbergCement targets cash generation01 February 2019, Published under Cement NewsThis week the trend for divestments from the large multinationals was again demonstrated by LafargeHolcim's admission that it may seek a buyer for its operations in the Philippines , but it is not alone in trying to seek markets with higher returns. The selling hat is also being worn by HeidelbergCement, which held its Commerzbank German Investment Seminar 2019 in New York on 14 January. Dr Bernd Scheifele, Group CEO, gave a presentation update on the performance of the group in 2018 with s... |
Semen Baturaja records 24% sales increase07 January 2019, Published under Cement NewsIndonesia’s PT Semen Baturaja (SMBR) has recorded a 24 per cent YoY increase in sales to 2.17Mt in 2018, compared to 1.76Mt of the previous year. Jobi Triananda Hasjim, company president, noted that it surpassed the average growth of the country’s industry by five per cent in 2018. "The growth of SMBR sales volume this year is one of the highest in the industry sector," said Mr Hasjim. In December 2018, the company’s cement sales surged 22 per cent to 220,737t compared to the year-ago per... |
Semen Indonesia mandates 5 banks for US$1.3bn bridge loan03 December 2018, Published under Cement NewsSemen Indonesia has mandated five banks for a US$1.282bn bridge loan to support its acquisition of the local unit of LafargeHolcim. BNP Paribas, Deutsche Bank’s Singapore branch, Maybank, MUFG Bank and Standard Chartered are the lead arrangers and bookrunners for the two-year loan, which will be launched into syndication in 2-3 weeks, according to a company announcement. The borrower agreed to acquire 80.6 per cent of Holcim Indonesia, one of the country’s largest cement producers from L... |
PT Semen Indonesia tightens grip on domestic market19 November 2018, Published under Cement NewsThis week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The agreement is subject to regulatory approvals, but SMGR, as a state entity, is not expected to be held up in its desire to extend its hold on the domestic cement market. Indonesia currently has 15 cement companies operating with a total capacity of 110Mta, of which 63 per cent is owned by foreign players. Throug... |
PT Semen Indonesia tightens grip on domestic market16 November 2018, Published under Cement NewsThis week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The agreement is subject to regulatory approvals, but SMGR, as a state entity, is not expected to be held up in its desire to extend its hold on the domestic cement market. Indonesia currently has 15 cement companies operating with a total capacity of 110Mta, of which 63 per cent is owned by foreign players. Throug... |