Cement News tagged under: Indonesia
Semen Indonesia appoints former intelligence chief Sutiyoso03 April 2017, Published under Cement NewsPT Semen Indonesia has appointed former Jakarta governor and State Intelligence Agency (BIN) director, Sutiyoso, its president commissioner. Sutiyoso served as BIN chief under President Joko Widodo’s administration and previously led the Indonesian Justice and Unity Party (PKPI). The appointment comes at a time of public protest against the building of the company’s new factory in Rembang, Central Java. |
Asian cement 2017: looking to the future29 March 2017, Published under Cement NewsFollowing an exciting 2016, this year sees opportunities and challenges abound for the Asian cement industry. LEK Consulting gives an overview and outlines strategies that help position cement companies in this part of the world for long-term growth. By Manas Tamotia, LEK Consulting, Singapore, and George Woods, LEK Consulting, Australia. China's overcapacity will help to change the Asian cement market from a national into a regional game The year 2016 was an exciting one for As... |
Indocement expects 3-5 per cent rise in domestic consumption22 March 2017, Published under Cement NewsIndonesia's second-largest cement producer, PT Indocement Tunggal Prakarsa, expects domestic cement consumption to increase by 3-5 per cent in 2017, its President Director, Christian Kartawijaya, told the Jakarta Post. Mr Kartawijaya said that he attributes the expected rise in demand due to a number of factors including funds coming from the government’s tax amnesty, the drop of interest in housing loans (KPR) and relief in requirements for the loan-to-value (LTV) ratio. Last year Indoc... |
Semen Indonesia postpones Rembang opening22 March 2017, Published under Cement NewsPublicly-listed cement manufacturer PT Semen Indonesia (SI) has decided to postpone the initial launch of its new production facility in Rembang, Central Java, for several months due to a prolonged dispute with the local community. “[The facility] will start commercial operation in either May or June. We are not in a hurry,” SI corporate secretary Agung Wiharto said as quoted by kontan.co.id on Monday. The production facility was initially scheduled to start operating in April. |
Semen Baturaja full-year profit down 21%, revenue rises slightly21 March 2017, Published under Cement NewsIndonesia state-owned producer Semen Baturaja’s profit declined by 21 per cent in 2016 to IDR274.09bn (US$20.6m) due to revenue growth being lower than its costs, the Jakarta Post reports. Last year Semen Baturaja's revenue rose by 4.1 per cent to IDR1.52trn versus IDR1.46trn a year earlier, while costs increased by 4.4 per cent in 2016 to IDR1.01trn. This year the company anticipates a 23 per cent increase in its sales this year due to a new factory that commenced operations in June. T... |
Indonesian cement sales rise 0.2% in February 201713 March 2017, Published under Cement NewsCement sales in Indonesia rose 0.2 per cent YoY to 4.54Mt in February 2017 from 4.54Mt in the same month one year earlier, said Indonesia Investments. Weak cement sales in the second month of 2017 are blamed on adverse weather conditions (a high amount of rainfall caused floods in several parts of Indonesia) and on the fact that direct investment in infrastructure and property outside Java remains bleak. Widodo Santoso, chairman of the Indonesia Cement Association (ASI), said Indonesia... |
Semen Indonesia 2016 net profit plateaus28 February 2017, Published under Cement NewsSemen Indonesia posted a 0.2 per cent increase in net income in 2016 last year amid falling sales and revenue, according to a company filing on Monday. The state-controlled company posted IDR4.5trn (US$337m) in net income last year, just slightly higher than in 2015. The company's total sales and revenue dropped three per cent to IDR26.1trn amid weak demand from the domestic market. Semen Indonesia's sales by volume, excluding from its subsidiaries, dropped 0.6 per cent to 13.9Mt in... |
PT Indonesia27 February 2017, Published under Cement NewsPT Indocement, along with Indonesia’s other cement producers, are bracing themselves as storms and high rainfall continue to play havoc with cement consumption in the country. January saw cement sales fall by 2.3 per cent YoY to 5.27Mt as poor weather and flooding delayed a number of key infrastructure projects, particularly housing, according to the Indonesian Cement Association (ASI). The only exception was Maluku and Papua in the east where sales grew by 21 per cent. In contrast Kalimanta... |
Indonesia: PT Semen Padang secures coal supply27 February 2017, Published under Cement NewsPT Semen Padang has signed a purchase order with BlackGold Natural Resources Ltd's subsidiary PT Samantaka Batubara, to the value of US$12.6m to supply coal to the cement producer. PT Samantaka Batubara expects to complete the order within the next 11 months for Cement Padang, a state-owned company and a subsidiary of PT Semen Indonesia (Persero) Tbk. Mr Philip Rickard, CEO of the BlackGold Natural Resources group, commented: "We are very pleased to receive this purchase order from Cemen... |
Indonesia: Semen Padang starts exports to Australia23 February 2017, Published under Cement NewsSemen Padang, a subsidiary of PT Semen Indonesia, has started exporting cement to Australia as the company looks to broaden its customer base beyond the highly-competitive Indonesian market. In a first shipment the company delivered 22t of cement to Sydney. "The realised export to Australia, known as a difficult market to penetrate because of its strict [import] requirements, proves that the quality of Semen Padang’s products is something that the company can be proud of," Antara news age... |