Cement News tagged under: Indonesia
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." ... |
Holcim Indonesia boosts dividend payout, Capex plans16 April 2012, Published under Cement NewsHolcim Indonesia plans to distribute IDR425bn (US$46m) in dividends, or the equivalent of 40 per cent of its 2011 net income, its chief executive has said. Speaking to the Jakarta Globe, Eamon Ginley said: “This plan has received approval from shareholders," adding "that would be equivalent to a dividend of IDR/share." Holcim posted IDR1.06trn in net income last year.??The 2011 dividend distribution increased from 2010, when the company distributed 23 percent of its net income as divide... |
Indonesian 1Q12 sales rise 18.2%13 April 2012, Published under Cement NewsIndonesia's domestic cement sales were 12.5Mt in the first quarter, up 18.2 per cent from a year ago, data from PT Semen Gresik Tbk showed on Friday. March sales were 4.4Mt, up 16.2 per cent from the same month last year, the data showed, with most sales in Sumatra and Java islands. Total domestic cement sales in 2011 reached 47.9Mt, a YoY rise of 17 per cent and growth is expected to continue this year as the country endeavours to meet its ambitious housing and infrastructure requ... |
Indonesia Hosts Asia Pacific Infrastructure Forum29 March 2012, Published under Cement NewsIndonesia will host the largest infrastructure forum in the Asia Pacific region -- the Indonesia International Infrastructure Conference and Exhibition 2012 (IIICE 2012). This forum will be conducted simultaneously with the Asia Pacific Ministerial Conference on Sustainable and Inclusive Infrastructure Development 2012 (APMC-SIID) to be held from May 2-5, 2012 in Jakarta. This event will bring together governments, investors, bankers and the players in the infrastructure industry. Hatt... |
Tonasa signs contract for 11 new shipping vessels29 March 2012, Published under Cement NewsPT Pelayaran Tonasa Lines & PT Dok & Perkapalan Surabaya are to build 11 shipping vessel unitswith an investment of IDR1.26trn (US$137m) and have signed three cooperation contracts, Bisnis Indonesia reports. Commenting on the agreement on the sidelines of the signing ceremony, President Director of PT Pelayaran Tonasa Lines Wahab Candoko, said: "Currently, we already have 18 vessels, and two of them are rented vessels. With the additional 11 vessels, we will have a total of 31." The sign... |
Indonesia cement price rise on the cards28 March 2012, Published under Cement NewsIndonesian cement producer, PT Semen Gresik is considering increase cement prices along with other local producers to offset planned fuel and electricity costs. The government’s plan to raise the subsidized fuel price to IDR6000/litre as of April from the current IDR4500, coupled with a possible increase in electricity tariffs by 10 per cent, have been widely expected to boost prices across the board, increasing production and distribution costs. State-owned Semen Gresik’s President ... |
Indocement targets 30Mt production by 201727 March 2012, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, has outlined several expansion project which will lift the producer’s cement capacity to the 30Mt mark by 2017. Output at the company, which is the second-largest producer in Indonesia, is targeting at 20.6Mt this year. Indocement is currently constructing a cement mill at its Citeureup, West Java, site with a production capacity of 1.9Mta which is scheduled for completion in 2013. The Jakarta Post also now reports tha... |
Indocement to invest in new factory, Indonesia23 March 2012, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, is set to construct a new cement factory in Citereup, West Java, according to local press reports. Asia in Focus has reported that the company is investing US$440m in the new facility. Corporate secretary Sahat Pangabena, however, refused to give details about the plan, saying Indocement will announce details later this month. |
Indocement sales advance, further growth ahead, Indonesia21 March 2012, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, said on Tuesday cement sales rose 15 per cent in 2011 and forecasts a strong rise in infrastructure projects supported by the government’s recently-passed land clearing law. Domestic sales volumes by Indocement rose 20.2 per cent as the Indonesian construction sector has been benefiting from lively activity, particularly in the residential and high-rise construction sector, noted HeidelbergCement. As a result of lower stro... |