Cement News tagged under: Indonesia
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 ... |
New bill to spur Indonesia infrastructure activity28 February 2012, Published under Cement NewsThe Indonesian government’s land acquisition bill in December is expected to speed up land purchases for public infrastructure projects, boosting cement demand according analysts at Nomura Indonesia. The analysts told CNBC that this bodes well for local cement manufacturers who are currently undertaking capacity expansion projects. “"Given that the Indonesia cement industry is running closer to 90 percent capacity utilization at the moment, this will be good for those who can add capacity a... |
Semen Padang in alternative fuels initiative, Indonesia28 February 2012, Published under Cement NewsIndonesia's Semen Padang is developing the use of waste materials to replace coal, according to Abusyamsari, a member of the company’s innovation team. The state-owned cement producer and a subsidiary of Semen Gresik, has been using rubber waste since 2011. “In addition to helping the government in reducing waste, the use of waste rubber can also save production costs,” he told The Jakarta Post on the sidelines of the 2011 Semen Gresik Group Award on Innovation. “With an assumption that w... |
Indonesia to invest US$6.3bn in new capacity projects24 February 2012, Published under Cement NewsIndonesian cement producers plan to invest IDR57trn (US$6.3bn) to raise domestic production, chairman of the Indonesian Cement Association (ASI) said. The Investor Daily reports the investment is expected to produce an additional 30Mta of cement and could advance total cement production to 90Mta in 2017. Capacity currently stands at 52Mta. “With a population of 240 million and cement prices that continue to go up, it makes Indonesia an attractive market for [investors],” said Urip Timu... |
Gresik establishes subsidiary to run coal mining business, Indonesia20 February 2012, Published under Cement NewsPT Semen Gresik has established a new subsidiary to run its coal mining and processing business with a total investment of IDR500m (US$55m), reports the Jakarta Post. The establishment of SGG Energi Prima is part of the company’s strategic measures to secure an energy supply for its cement factories, according to Gresik president director Dwi Soetjipto. "Semen Gresik as a group is facing challenges to secure a supply of energy and electricity in accordance with its long-term developmen... |
Indonesian cement companies increase sales15 February 2012, Published under Cement NewsIndonesia’s cement sales increased to 4.05Mt from 3.52Mt a year earlier, Investor Daily Indonesia reported, citing data from the country’s cement association.? Yesterday, Bloomberg stated that PT Semen Gresik, Indonesia’s largest cement producer, rose 0.4% to IDR11,550 (US$1.27). PT Indocement Tunggal Prakarsa, Indonesia’s second-largest cement producer, also rose 1.7% to IDR17,800 (US$1.90). However, PT Holcim Indonesia, the nation’s third-largest cement producer, fell 1% to IDR2350 (US... |
Indonesia's January cement sales rise and PT Semen Gresik announces new packaging plants13 February 2012, Published under Cement NewsIndonesia's domestic cement sales rose 15.2% YoY in January, according to PT Semen Gresik. According to the firm's website, the country's sales volumes in January reached 4.06Mt, slightly lower than 4.6Mt a month earlier. Infrastructure development and cement sales are likely to be spurred by the central bank last week, cutting its benchmark rate to a record low 5.75%, and by the parliament in December passing a long-awaited land bill aimed at speeding up land acquisition. "January 201... |
Semen Baturaja green light for listing, Indonesia02 February 2012, Published under Cement NewsThe Indonesian government has approved PT Semen Baturaja as the sole state-owned enterprises that can perform an initial public offering in 2012. |
Boral sells Indonesian unit to Siam Cement01 February 2012, Published under Cement NewsAs part of its plan to sell non-core assets, Australian building materials producer, Boral has sold its Indonesian business for US$315m to the Siam Cement Group of Thailand. Boral said it had finalised an agreement with the Thai conglomerate to sell its Indonesian construction materials business. Completion is scheduled for the end of fiscal 2011-12 and the proceeds will be used to pay down debt, Boral said. The sale includes Boral’s concrete, quarry and precast operations, including li... |
Holcim secures loan for new Indonesia plant26 January 2012, Published under Cement NewsHolcim Indonesia has secured a US$150m to be used to expand its production capacity in Indonesia which this year is expected to be running at close to nominal grinding capacity. Bisnis Indonesia reported that the loan, which will be used to finish the construction of a new US$450m factory in Tuban, East Java, was provided by BNP Paribas and KWF IPEX-Bank of Germany. Construction of the 1.7Mta factory is currently underway and is expected to be completed in 2013. Holcim Indonesia is the ... |