Cement News tagged under: Indonesia
Indonesia: electricity price rise alarms cement producers08 May 2014, Published under Cement NewsSurging electricity costs resulting from subsidy withdrawal by the Indonesian government have been cited as the reason for Holcim Indonesia to bring forward plans to increase cement prices this year and for PT Semen Indonesia to consider doing the same. The government began raising electricity costs on 1 May 2014 by either 38.9 per cent or 64.7 per cent, depending on businesses’ power consumption. Eamon Ginley, Holcim Indonesia president director, said that the cement-price increase was ... |
Semen Indonesia first-quarter sales rise 3.5%17 April 2014, Published under Cement NewsPT Semen Indonesia, the country’s leading cement producer, sold 6.16Mt of cement to the domestic market during Jan-March 2014, a 3.5 per cent increase compared to the same period last year. During the first three months of this year, Indonesian consumption increased by 3.7 per cent, a much slower rate compared to the 8.6 per cent growth registered in 1Q13. The 1Q14 slowdown was partly attributed to adverse weather conditions in January and February but domestic demand rebounded in March, in... |
Bosowa Maros plans IPO by 201616 April 2014, Published under Cement NewsThe Bosowa Group of Indonesia plans to take its cement unit, Semen Bosowa Maros, to an initial public offering by 2016. “We may go public within the next two years. The market’s been anticipating Semen Bosowa will go public, since many cement makers have entered the bourse,” Sadikin Aksa, managing director at Bosowa Corporindo, told the Jakarta Globe. While the company is focussing on the local market for the time being, it also plans to expand to Vietnam and Myanmar within five years, ... |
Indonesia 1Q14 sales growth slows14 April 2014, Published under Cement NewsIndonesian cement consumption slowed during the first quarter of this year despite a strong rebound in March sales, latest data by the Indonesia Cement Association (ASI) shows. For the first three months of the year, demand rose by 3.7 per cent YoY to 14.08Mt compared to 13.58Mt in the comparative period of 2013. However, annual growth in the 1Q13 was much higher at 8.6 per cent. According to the data, consumption during the Jan-March 2014 period fell in almost all regions. Consumptio... |
Gresik inks loan facility for Rembang construction27 March 2014, Published under Cement NewsPT Semen Gresik, part of the Semen Indonesia group, has as secured a letter of credit (L/C) facility to help finance the construction of its Rembang greenfield works in Central Java, Indonesia. The facility agreement, worth INDR1.4trn (US$122.53m), was signed on Friday by Semen Gresik president director Gatot Kustyadji and state lender Bank Mandiri institutional banking director Abdul Rachman. Under the deal, Mandiri has agreed to issue L/Cs to Semen Gresik for the next 42 months to suppor... |
PT Semen Indonesia27 March 2014, Published under Cement NewsState-owned cement producer, Semen Indonesia, has secured an IDR1.4trn (US$123m) non-cash loan from Bank Mandiri to purchase equipment for its new plant in Rembang, Central Java. The plant, which is already under construction, will have a production capacity of 3Mta and will require an investment of IDR3.7trn until 2016. The company is also in talks with the bank for another loan for its proposed plant in Indarung, West Sumatra, which requires an investment of IDR3.2trn. The company repor... |
Conch full-year net profit rises 48.3%26 March 2014, Published under Cement NewsAnhui Conch Cement Co reported a 48.3 per cent YoY increase in profit attributable to shareholders during 2013 to CNY9.38bn (US$1.5bn) from CNY6.33bn a year ago. Turnover increased 20.75 per cent to CNY55.26bn from CNY45.77bn in 2012. In accordance with PRC Accounting Standards, the group’s revenue amounted to CNY55.3bn, a YoY increase of 20.28 per cent. Sales by region Clinker and cement sales amounted to 228Mt, representing growth of 21.95 per cent YoY. Sales volumes in East and Cent... |
Semen Baturaja to distribute dividend, Indonesia25 March 2014, Published under Cement NewsSemen Baturaja will distribute a IDR78.04 dividend, or 25 per cent of last year’s net profit of IDR312.18bn (US$27.4m) Pamudji Raharjo, president director of the publicly-listed company, said the government will have a share of IDR59.5bn (or 76.24 per cent of the dividend) and the investing public will have around IDR18.5bn). The remaining part of the net profit will be used as a reserve fund to support Semen Baturaja’s expansion, Pamudji added. This year, the company targets a 12.17 pe... |
PT Semen Indonesia agrees loan for new plant24 March 2014, Published under Cement NewsCement producer PT Semen Indonesia has secured a non-cash loan of IDR1.4trn (US$122.57m) from PT Bank Mandiri, said Ahyanizzaman, the company's finance director. The firm will use the facility to build a works worth IDR3.7trn ($323.92m) with a capacity of 3Mta in Rembang, Central Java, according Kontan Online. |
Indocement outlines capex to raise capacity20 March 2014, Published under Cement NewsPT Indocement Tunngal Prakarsa, the second-largest cement producer in Indonesia, plans IDR4-4.5trn (US$349m-393m) in capital expenditure to increase capacity and lift market share. Updating stakeholders on the company’s 2013 performance at a public presentation earlier this week, Indocement said it sold 18Mt of cement last year, just 0.5 per cent more than 2012. Its market share dipped to 30.4 per cent from 32 per cent in the previous year, a decline the company attributes to a lack of add... |