Cement News tagged under: PT Holcim Indonesia

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PT Holcim Indonesia Tbk shares rise steeply

26 October 2018, Published under Cement News

The stock price of PT Holcim Indonesia Tbk rose steeply in trading this week. Rumours related to the divestment of shares owned by LafargeHolcim in Indonesia raised optimism in the company’s shares. According to CNBC Indonesia, Thursday, 25 October trading took the company’s share price up by 10.87 per cent to IDR1785/share (US$0.118/share). Trading volume was also quite large reaching 47.02m  shares valued at IDR81.5bn. Since May speculation about the release of PT Holcim Indonesia Tbk...

Indonesian cement plants to burn medical waste

21 June 2018, Published under Cement News

Indonesia’s Environment and Forestry Ministry has asked four cement plants to burn untreated medical waste. In early April the ministry requested PT Indocement Tunggal Prakarsa, PT Holcim Indonesia, PT Semen Padang and PT Cemindo Gemilang to burn the waste within six months. The step follows the closure of two of the country’s six medical waste companies last year as a result of legal sanctions for overcapacity issues. The closure has left medical waste from 3069 health facilities unmanage...

Holcim Indonesia to expand exports as domestic competition tightens

30 May 2016, Published under Cement News

LafargeHolcim subsidiary, PT Holcim Indonesia, plans to boost exports to Australia, Sri Lanka and Bangladesh this year amid unstable domestic demand, reports The Jakarta Post. After the acquisition of Lafarge Cement Indonesia, also known as Semen Andalas, in February and the commencement of operations at Tuban II plant in East Java last August, Holcim's production capacity has risen to 15Mta from 11Mta at the beginning of 2015. "To address this we need to export more while of course also s...

Indonesia: cement sales to April up 4.2% YoY

18 May 2016, Published under Cement News

Cement sales in Indonesia reached 19.3Mt in the four months from January to April 2016, reports Indonesia Investments. This represents a 4.2 per cent increase on the same period in 2015. Rising supply from new entrants to the market has driven most of the consumption growth. Of the three biggest incumbents – Semen Indonesia, Indocement Tunggal Prakarsa and Holcim Indonesia – only the first saw YoY volume sales rise in April 2016 while both Indocement and Holcim reported double digit decli...

LafargeHolcim to target emerging markets

29 March 2016, Published under Cement News

LafargeHolcim Ltd is confident that a rally will continue in emerging markets this year. Higher cement buying in countries such as India, Indonesia, the Philippines and Vietnam is offsetting slower growth in China, leaving LafargeHolcim CEO, Eric Olsen, optimistic about continued expansion in markets that represent about 55 per cent of his company’s footprint. Indonesia is certainly one country where the comapny is aiming to thrive. PT Holcim Indonesia has lent IDR200bn (US$3bn)  to affil...

Malaysia: Lafarge Malaysia buys local Holcim company

23 November 2015, Published under Cement News

Lafarge Malaysia Bhd has bought Holcim (M) Sdn Bhd from PT Holcim Indonesia in a deal worth MYR325.5m (US$75.5m). Lafarge Malaysia Bhd now becomes part of the LafargeHolcim Group, the biggest materials firm globally. According to Lafarge, this newly-combined unit of Lafarge and Holcim Malaysia provides the most comprehensive network of facilities and widespread solutions in Malaysia. The joint entity grows the firm's standing as the preferred partner with technical expertise, support and ...

PT Holcim Indonesia secures loans from Bank Sumitomo

03 November 2014, Published under Cement News

PT Holcim Indonesia Tbk said it secured loans worth IDR1trn (US$82.54m) from PT Bank Sumitomo Mitsui Indonesia, to refinance loans to its holding, Holderfin BV The Netherlands, and other financing firms. The company's total debt to its holding company reached IDR1.25trn.

Holcim Indonesia secures IDR4bn loan

04 August 2014, Published under Cement News

PT Holcim Indonesia has secured a IDR400bn (US$34.09m) loan from Bank Sumitomo Mitsui Indonesia which it plans to use for working capital, Reuters quoted the cement producer's CEO, John Ginley, as saying. The firm is currently working on Tuban Line II in East Java, with a capacity of 1.7Mta, which is expected to start operations in the first quarter of 2015. The new line is identical to Tuban Line I which was officially launched last month. First-half performance Gross profit was margina...

PT Holcim Indonesia officially launches production at Tuban I

18 June 2014, Published under Cement News

PT Holcim Indonesia Tbk officially announced its first cement production from Line 1 at its Tuban plant on 17 June 2014, adding 1.7Mta to the company’s total production capacity. The inauguration ceremony was attended by the Board of Directors and a number of key customers and distributors. In his opening address, Holcim Indonesia CEO, Eamon Ginley said: “The demand for Holcim products increased and has continued in 2014. This new capacity positions Holcim Indonesia in a very fav...

PT Holcim Indonesia 2013 sales dip

20 January 2014, Published under Cement News

PT Holcim Indonesia Tbk reported lower sales volume in 2013, down two per cent to 8.43Mt compared to the 8.58Mt of cement sold in 2012. The company represented 14.5 per cent of the domestic market share, according to the Indonesia Cement Association (ASI) as reported by Kontan. Holcim currently operates cement plants in Narogong in West Java, Cilacap in Central Java and its new Tuban works which opened in 2H13. It has already secured US$315m for a second 1.7Mta line at Tuban, taking the co...