Cement News tagged under: Indonesia
Indocement to raise prices, Indonesia22 July 2013, Published under Cement NewsPT Indocement Tunggal Prakarsa is planning to raise its cement prices in an effort to help offset an increase in subsidised fuel prices. Indocement’s director, Kuky Permana, told local press that increases have not yet been published as the company is still currently working out new prices. The company’s OPC currently sells at IDR54,000/40kg bag (US$5.3) and IDR64,000/50kg bag. The Indonesian government has increased the price of subsidized fuel from IDR4500/l to IDR6500/l for Premium g... |
Indocement signs contract for new line with Sinoma19 July 2013, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk has signed a contract for the construction of a new line with PT Sinoma Engineering Indonesia. The new line, known as P-14, will be constructed at the company's Citeureup works in Bogor. "We have signed the onshore contract for construction and services for the P-14 project," Indocement's corporate secretary, Sahat Panggabean, told Bisnis Indonesia. Indocement is currently focussed on building two new kilns at Citeureup, which will become the company's ... |
PT Semen Indonesia downgraded18 July 2013, Published under Cement NewsBahana Securities downgraded cement maker PT Semen Indonesia to "hold" from "buy", saying the slowdown in the property market and higher cost of goods sold (COGS) translated to limited share price upside. "Although we believe SMGR will continue benefiting from growing domestic cement volumes, slowdown in property market due to financing constraints may potentially lower volume growth target," Bahana analyst Teguh Hartanto said in a note on Wednesday. The research house said it does not ... |
New capacity boosts Semen Tonasa sales17 July 2013, Published under Cement NewsPT Semen Tonasa reported a 137 per cent YoY rise in first-half sales to 2.78Mt compared to the same period of last year. Sales of the company, which is part of the Semen Indonesia group, have increased in line with growing production output which has risen following the operation of Tonasa’s 2.5Mta Kiln Line 5. However, Tonasa’s President Director, Andi Unggul Attas, said sales in eastern Indonesia only grew by 8.3 per cent in the first six months of this year compared to 23.4 per cen... |
Indonesia sales reaccelerate in June15 July 2013, Published under Cement NewsCement sales in Indonesia have reaccelerated in June following a slowdown in the previous month as demand recovers outside of Java. However, a more reduced growth rate is expected through the second half of the year due to a decline in infrastructure development. Industry sales rose 9.2 per cent to 4.Mt in June, according to the latest data from the country’s leading cement producer Semen Indonesia, citing data from the Indonesian Cement Association. This was compared to growth of just 2.... |
Indonesia sales growth slows03 July 2013, Published under Cement NewsIndonesian cement sales during the month of May rose at their slowest pace for 17 months as all regions outside Java and Sulawesi registered declines. Following an 8.6 per cent rise in April, nationwide sales during May increased by 2.1 per cent to 4.7Mt, latest data from the country’s leading cement producer Semen Indonesia shows. Sales in Java, which accounts for 55 per cent of the local market, rose by 5.3 per cent to 2.8Mt. On the island of Sulawesi dispatches also increased 12 per... |
Positive start for Semen Baturaja on IDX, Indonesia02 July 2013, Published under Cement NewsSemen Baturaja has received a positive response from the market during its first day of trading on the Indonesian Stock Exchange (IDX). The company’s shares, sold under the code ‘SMBR’, opened at IDR590 (5.9 US cents), or 5.4 per cent higher than its initial public offering price (IPO) of IDR560. The price, which reached its peaked at IDR700 in the afternoon trading session, closed the day at IDR570, down 3.4 per cent from the opening price but 1.8 per cent higher than the IPO price. S... |
Loesche delivers LM 56.4 mill to Pansania Group, Indonesia19 June 2013, Published under Cement NewsHigh Pinnacle Construction Pte Ltd, Singapore, has opted to use a Loesche Mill Type LM 56.4 at its cement plant in Bandung, Indonesia. The vertical roller mill (VRM) will be used for the grinding of cement raw material at the Pansania Group’s plant in Bandung, Indonesia. The VRM's product rate will be 420tph with a fineness of <10 per cent R DIN 0.08mm. The mill motor will have a capacity of 4000kW. The delivery for the project is planned for April 2014. |
Siemens wins new contract from PT Indocement, Indonesia18 June 2013, Published under Cement NewsThe Siemens Drive Technologies Division has received an order to upgrade cement plants from PT Indocement Tunggal Prakarsa Tbk (Indocement), Indonesia. A major part of the project will be migrating the previous process control system of a competitor to the Simatic PCS 7-based process control system Cemat. Siemens will also take care of the software engineering, installing I/O modules, and control and engineering stations, PLC programming as well as signal tests and commissioning. With t... |
Indonesia's largest cement producer records 14.7% sales increase14 June 2013, Published under Cement NewsPT Semen Indonesia (Persero) recorded a 14.7 per cent increase in cement sales last year, exceeding the country's average increase of 14.5 per cent and representing a 44 per cent market share. Semen Indonesia is the country's largest cement producer with production units in Gresik, West Sumatra and South Sulawesi, Indonesian news agency ANTARA reported. Rudi Hartono, head of Semen Indonesia's marketing department, said the state company sold 22.5Mt of cement in 2012, up from 19.6Mt in ... |