Cement News tagged under: Indonesia
Myanmar plant to improve Gresik distribution network13 March 2012, Published under Cement NewsFollowing PT Semen Gresik’s announcement that it plans to construct a cement plant in Myanmar, a government official has said the new facility will be improve the company's distribution network, particularly in light of a new regional trade agreement. Earlier this week, local press reported that Gresik is to construct a 2.5Mta cement plant in Myanmar where supply is falling short of demand. This will be Semen Gresik’s first foray abroad. Sumaryanto Widayatin, a deputy state enterprise... |
Indonesian February consumption rises 23.9%12 March 2012, Published under Cement NewsIndonesia’s domestic sales rose 23.9 per cent YoY in February 2012, according to figures from PT Semen Gresik. February sales reached 4.1Mt, slightly higher than the 4.06Mt achieved in January. Indonesia has enjoyed one of the world’s highest growth rates of cement demand in recent years. Sales in 2011 were up 17 per cent YoY to 47.9Mt and looking forward, growth is expected to continue in 2012 as the country aims to meet ambitious housing and infrastructure needs. |
Semen Gresik to build 2.5Mta plant in Myanmar12 March 2012, Published under Cement NewsState-owned Indonesian cement producer PT Semen Gresik, is reportedly expanding its operations into Myanmar by constructing a new plant as part of government expansion plans involving state enterprises. The Indonesian cement producer plans a 2.5Mta cement plant at an estimated cost of IDR4.5trn (US$500m), according to company finance director Ahyanizzaman. PT Semen Gresik is one of four state companies asked by the government under Indonesia Incorporated to expand operations to Myanmar... |
Siam Cement steps up ASEAN investments12 March 2012, Published under Cement NewsSiam Cement Group (SCG), Thailand's largest industrial conglomerate by revenue, is stepping up its plans to build on its cement and building materials activities in Southeast Asia as it eyes new regional investments and acquisitions in the markets of Indonesia, Vietnam and Myanmar. Earlier this week, the company announced plans to construct a 5000tpd cement plant in Indonesia as the manufacturer looks to penetrate the market further. With an investment of US$300m, the cement works will be ... |
Semen Tonasa announces eastern packing projects, Indonesia08 March 2012, Published under Cement NewsIndonesian cement producer, Semen Tonasa, a Semen Gresik subsidiary, is to construct cement packing plants in all provinces in eastern Indonesia. The company said it would need to spend up to IDR100bn (US$11m) on the project to be carried out in phases, according to reports in the Jakarta Post. Tonasa’s president, Sattar Taba, said the company will build at least two packing plants a year until each province in the eastern region has a packing plant. This year, it will start with the c... |
Semen Dwima Agung to be incorporated into parent company, Indonesia08 March 2012, Published under Cement NewsPT Semen Dwima Agung will be incorporated into parent company PT Holcim Indonesia in a moved aimed at reducing production costs, reports the Jakarta Post. According to the financial report at of December 2011, Semen Dwima Agung help IDR83.12bn (US$9.15m) in assets, with liabilities of IDR96.85bn. The company suffered a net loss of IDR10.55bn in 2011, a significant setback after losing IDR1.79bn in 2010. Semen Dwima Agung holds licenses to quarry, produce cement and mine clay. The compa... |
Holcim Indonesia net profit advances07 March 2012, Published under Cement NewsHolcim Indonesia reported a rise of over 20 per cent in revenue and net profit last year, as the company progresses with plans to raise capacity in this thriving market. The company reported a net profit of IDR1.06trn in 2011, up 28.33 per cent from IDR828.42bn the year before. Revenue reached IDR7.52trn, representing an increase of 20 per cent from IDR5.96trn YoY. However, the cost of sales increased 25 per cent last year to IDR4.67trn last year but the company reported gains from ... |
Conch sees China demand rising, Indonesian plans proceeding ‘smoothly’07 March 2012, Published under Cement NewsChairman of Anhui Conch, Guo Wensan, has said that Chinese cement demand growing despite curbs on the housing market. Speaking to Dow Jones Chinese Financial Wire on the sidelines of the National People’s Congress, Mr Wensan said the government's drive to push the construction of subsidised affordable housing is successfully offsetting declining cement demand from the private housing market. Cement demand from the 10 million affordable housing units started last year will peak from the s... |
Siam Cement plans Indonesian cement plant investment05 March 2012, Published under Cement NewsSiam Cement Group (SCG) plans to build a new cement plant in Indonesia to capitalize on the country's rapidly growing demand for construction materials, the Jakarta Globe reports. Kan Trakulhoon, president and chief executive officer of SCG, told reporters on Friday that the company would invest US$300m in a cement plant in Sukabumi, West Java. The plant will have a capacity of 5000tpd and construction is expected to start by the end of this year. The investment comes after SCG bought a... |
Boral’s first half profit falls, Australia29 February 2012, Published under Cement NewsAustralian building materials producer Boral’s turnover in the six months to the end of December improved by 1.9% to AUD$2,433m (€1,976m) while the EBITDA declined by 11.9% to AUD$237m (€192m) and the trading profit falling by 26.9% to AUD$109m (€86m). The net interest charge is now on the way up again and it rose by 9.7% to AUD$34m (€27m) and the pre-tax profit fell by 35.9% to AUD$75m (€61m). Net debt at the end of December rose by almost 2½ times to AUD$1,544m (€1,254m) to give a gearing ... |