Cement News tagged under: Indonesia
Indonesian September sales rise 34.4 per cent YoY12 October 2012, Published under Cement NewsIndonesian cement sales in September surged to a record high in September after dipping a month ago due to fewer working days during the Muslim festivities, data from the country's largest cement producer PT Semen Gresik Tbk showed on Friday. September sales soared 34.4 percent from a year ago to 5.2Mt boosted by increasing monthly sales in main islands of Java and Sumatra, the data said. While sales in the island of Moluccas and Papua fell 21.7 percent on a monthly basis. "We... |
Indonesia/Japan agree on infrastructure plan11 October 2012, Published under Cement NewsIndonesia and Japan have reach an agreement that could see up to US$43bn invested in 45 infrastructure projects in the Indonesian capital, Jakarta, by 2020. The deal was reached during the 4th Indonesia-Japan Joint Economic Forum was held on October 8 in Tokyo, Japan. It was co-chaired by Hatta Rajasa, Indonesia’s co-ordinating Minister for Economic Affairs, and Yukio Edano, the Japanese Minister of Economy, Trade & Industry. Mr Rajasa said, "We have agreed the projects to be financed 5... |
Dangote sets sights beyond Africa24 September 2012, Published under Cement NewsDangote Cement is expanding out of Africa. While its chairman Aliko Dangote remains firmly committed to the continent and its 40Mta production capacity owned by the company, he has set his sights beyond its borders – starting with Iraq and Myanmar, where plant construction could start as early as next year. When asked why he is investing specifically in those locations, he gives the example of Myanmar. As the country opens up, the opportunity is currently there to invest but may disappear at... |
Indonesian cement production forecast to reach 65Mta next year20 September 2012, Published under Cement NewsIndonesian cement production is forecast to hit 65Mta in 2013, up seven per cent on this year’s target of 60.56Mt thanks to volume additions by domestic and new market entrants. The Jakarta Post cited Panggah Susanto, the Industry Ministry’s director general, as saying that the country’s cement makers will also increase production capacities and optimise their manufacturing plants. Panggah said that the presence of several new cement makers, which have already gained approval from the In... |
Gresik Power plant project delayed, Indonesia20 September 2012, Published under Cement NewsPT Semen Gresik, says that the completion of its power plant project in Pangkep, South Sulawesi, will be delayed due to bad weather and man power limitations, according to reports in the Jakarta Post. In a file submitted to the Indonesia Stock Exchange (IDX) on Tuesday, Semen Gresik said that its 2x35MW coal power plant would be completed by the second quarter of 2013, a delay from the initial target of the third quarter of this year. "Extreme weather has hampered construction work, partic... |
Indonesian August sales dip12 September 2012, Published under Cement NewsIndonesia's domestic cement sales fell 0.1 per cent in August from a year ago, data from PT Semen Gresik Tbk showed on Wednesday. August sales were 3.6Mt, the lowest since September last year, down 25.2 per cent on a monthly basis, the data said. The decline was because there were fewer working days during the Muslim Eid al-Fitr festival, Teguh Hartanto, a Jakarta-based analyst at Bahana Securities, said in a report. "We believe that outlook for the cement industry remains solid with expe... |
Holcim: realising growth potential whilst cutting costs10 September 2012, Published under Cement NewsHolcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland. While a global recovery remains elusive, emerging markets continue to grow. Holcim noted its net sales have increased above their 2007 level, from US$22.543bn to US$23.306bn in 2011. However, higher costs have led to EBITDA falling by US$1.3bn from US$5.775bn to US$4.447bn over the same period. Ne... |
PT Holcim Indonesia 1H net profit increases 15 per cent03 September 2012, Published under Cement NewsPT Holcim Indonesia recorded a 15 per cent rise in net profit driven by increased sales. Net income rose to IDR514.4bn (US$54m) in the first six months of this year from IDR447.7m in the same period of last year. Revenue increased 18 per cent to IDR4.19trn, according to reports in the Jakarta Globe. Holcim Indonesia is currently working on construction of a new plant in Tuban, on the main island of Java. Slated to come on-stream in the first half of 2013, this new plant will have a capac... |
Holcim: August '1203 September 2012, Published under Cement NewsCement sales during 1H2012 increased from 70.9Mt to 74Mt, up 4.4 per cent YoY, while sales of aggregates and ready-mix concrete fell by seven and 1.3 per cent to 75.6Mt and 22.8Mm3, respectively. As a result, net sales rose 2.1 per cent to CHF10.357bn (US$11.157bn/ R8.591bn). The rise in cement sales is the result of active emerging markets and North American gains. In particular, group companies in India, the Philippines, Thailand and Indonesia benefitted from significantly higher cement s... |
Gresik sets aside US$300m for regional expansion31 August 2012, Published under Cement NewsIndonesia’s largest cement maker, PT Semen Gresik, has US$300m to expand its business to the regional markets of Myanmar, Cambodia and Vietnam, the company’s chief executive Dwi Soetjipto has said. Speaking to the Jakarta Globe, he said: “Expansion overseas is still in the process.” Previously, Dwi indicated that the company was looking at acquiring stakes in cement producers in Malaysia, Myanmar, Vietnam and Thailand as it seeks to extend its regional reach. He also told the Investor ... |