Cement News tagged under: Indonesia
Indonesian president set to inaugurate new Gresik plant09 July 2012, Published under Cement NewsIndonesia President Susilo Bambang Yudhoyono is scheduled to inaugurate? PT Semen Tonasa's V cement plant in South Sulawesi, on August 31, 2012. President Director of PT Semen Tonasa Sattar Bata told local media that the construction of the 2.5Mta has entered its final stages. "All the physical work had been completed in June, while the finishing touches and inaugural preparations will be made next month," he said.? Investment in the plant is said to have reached IDR6.5trn. "The... |
Semen Baturaja plans IPO in November, Indonesia02 July 2012, Published under Cement NewsState-owned Semen Baturaja plans to float shares on the Indonesian Stock Exchange in November, according to president director Pamudji Rahardjo. Speaking to the Jakarta Globe, Mr Rahardjo said: “Our target for the initial public offering (IPO) date is October, so the shares can be listed in November.” He reiterated that the company’s target is to raise IDR1.2trn (US$128m) from the IPO. “We, however, are still considering the amount of shares to be offered to the public, whether we stic... |
Gresik sees regional expansion costing US$400m-500m29 June 2012, Published under Cement NewsIndonesia's largest cement producer, PT Semen Gresik, says its planned expansion into Vietnam and Myanmar can be realised by year-end. Semen Gresik president director Dwi Soetjipto said that expansion into the fellow ASEAN member nations would need US$400m to US$500m. “We will need about US$150m to set up a factory for Myanmar," Dwi said after the company¹s annual and extraordinary meeting of shareholders on Tuesday. According to him, Gresik has been assessing potential local partners ... |
Indonesian sales seen reaching 16% in 1H1219 June 2012, Published under Cement NewsIndonesian cement consumption is expected to rise by double-digits in the first half of this year, driven by a residential housing boom and the realisation of infrastructure projects. Widodo Santoso, chairman of the Indonesian Cement Association (ASI), told reporters on the sidelines of the Cemtech Asia 2012 Conference & Exhibition in Jakarta, Indonesia that cement sales during January to June were estimated to reach 26Mt. “As of May, demand had already risen by 16 per cent as infrastr... |
Indonesia May cement sales rise 15.6%14 June 2012, Published under Cement NewsIndonesia's cement sales rose 15.6 per cent in May from a year ago, data from PT Semen Gresik Tbk showed on Thursday. Sales by volume in May rose 12.8 per cent month on month to 4.72Mt, according to the data. Most sales were on Java and Sumatra islands. Sales by volume in the eastern islands of Moluccas and Papua increased 40 per cent for the second consecutive month. |
Gresik to invest in new plants, Indonesia28 May 2012, Published under Cement NewsIndonesian cement producer, PT Semen Gresik, plans to build new cement plants in Sumatra and Java this year with an investment cost of IDR7trn (US$756m), according to reports in the Jakarta Globe. Dwi Soetjipto, president director of state-owned Gresik, said: “We will add the plants to directly support the production process, or the core business of the company.” Semen Gresik will seek a bank loan to finance the construction of the plants, he said, adding that another option was a bond... |
Indonesia's new capacity spree22 May 2012, Published under Cement NewsThis June, Cemtech Conferences & Exhibitions will host its annual Asia event within the glorious setting of the Hotel Mulia, Jakarta, before an audience of dedicated cement professionals eager to learn the latest developments in the Indonesian and wider Asian cement sector. Ahead of the meeting, Andy Lesmana of PT Nomura Indonesia provides an outline of the country’s economy and cement market, which is currently among the busiest in the world. Cemtech looks forward to taking centre-st... |
Indocement to invest US$109m on expansion09 May 2012, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement group, is to spend more than IDR1trn (US$109m) this year on expansion, according to reports in the Jakarta Post. Following the company’s annual and extraordinary shareholders meeting on Tuesday, director Kuky Permana, said that one of the company’s main projects would be the construction of a new 4.4Mta plant in Citereup, Bogor, West Java. Indocement would also construct cement mills with a total capacity of 1.9Mt, he said. I... |
Semen Bosowa begins construction of East Java plant, Indonesia08 May 2012, Published under Cement NewsPT Semen Bosowa has started the construction of its 1.2Mta cement factory in East Java with a groundbreaking ceremony in the presence of Indonesia’s Industry Minister MS Hidayat , the Jakarta Post reports. This is the company’s third cement plant and will be located in Banyawangi. The company plans to serve the eastern parts of Java in addition to Bali and Nusa Tenggara. “PT Semen Bosowa will have a positive impact on those areas by stabilising cement prices through improvements in the... |
Gresik sees 20% 1Q12 rise, aims to increase market share30 April 2012, Published under Cement NewsIn the first quarter of 2012, Semen Gresik earned IDR4.28trn (US$466m) in revenue, a 20 per cent increase from IDR3.55trn during the same period last year and hopes two new plants that are set to become operational this year will help the company regain higher market share. Commenting on the rise in revenue, the Jakarta Post reports Agung Wiharto, Semen Gresik investor relations chief as saying: "The increase in revenue was supported by growing production volume and higher cement prices." ... |