Cement News tagged under: PT Indocement Tunggal Prakarsa

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Indocement prepared to make plant acquisition in 2019

10 July 2019, Published under Cement News

Indocement Tunggal Prakarsa has noted that it is ready to make a cement plant acquisition this year if the opportunity arises.  "Indocement is in a position that is ready to make an acquisition if there is indeed a cement manufacturer with a strategic location that will be sold," said Antonius Marcos, director and corporate secretary. Mr Marcos explained that by acquiring a strategic cement plant, it could create a positive synergy and will continue to consider all opportunities availa...

PT Semen Indonesia tightens grip on domestic market

16 November 2018, Published under Cement News

This week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The agreement is subject to regulatory approvals, but SMGR, as a state entity, is not expected to be held up in its desire to extend its hold on the domestic cement market. Indonesia currently has 15 cement companies operating with a total capacity of 110Mta, of which 63 per cent is owned by foreign players. Throug...

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...

PT Indocement Tunggal Prakarsa launches Tiga Roda (TR) Slag cement

15 September 2017, Published under Cement News

PT Indocement Tunggal Prakarsa, Tiga Roda cement (HeidelbergCement group), has launched its new Tiga Roda (TR) Superslag cement product. President Director of Indocement, Christian Kartawijaya, said the rapid development in Indonesia demands a new breakthrough in the world of construction. Slag cement is the answer to market demands for low-heat hydration cement as a mass concrete raw material, high-sulphate resistance rate and durable product. "Slag cement is highly recommended for doc...

Indonesia's cement producers predict better 2H17

11 August 2017, Published under Cement News

While the first six months of 2017 proved challenging for Indonesia’s cement producers, their expectations for the second half are more upbeat. Semen Baturaja is focussing on the South Sumatra market with its 6Mta demand, significantly higher than the region’s production capacity  of 3.85Mta. "Southern Sumatra is a unique market because the market keeps growing while national cement demand declines," said Semen Baturaja President Director, Rahmad Pribadi. As of June, Semen Baturaja saw...

Indocement expects 3-5 per cent rise in domestic consumption

22 March 2017, Published under Cement News

Indonesia's second-largest cement producer, PT Indocement Tunggal Prakarsa, expects domestic cement consumption to increase by 3-5 per cent in 2017, its President Director, Christian Kartawijaya, told the Jakarta Post. Mr Kartawijaya said that he attributes the expected rise in demand due to a number of factors including funds coming from the government’s tax amnesty, the drop of interest in housing loans (KPR) and relief in requirements for the loan-to-value (LTV) ratio. Last year Indoc...

PT Indocement sees 12% drop in 9M16 sales

01 November 2016, Published under Cement News

In the first nine months of 2016, Indonesia’s PT Indocement Tunggal Prakarsa noted a 12 per cent YoY fall in sales to IDR11.3trn (US$866m). The company’s net profit of the period slipped 2.2 per cent to IDR3.15trn while the cost of sales was down 7.2 per cent YoY to IDR6.6trn.

Indonesia: new Indocement plant commissioned

21 October 2016, Published under Cement News

Indonesia’s Minister of Industry, Erlangga Hartarto has commissioned a new cement plant of PT Indocement Tunggal Prakarsa Tbk in Cileungsi, Bogor District, West Java. "The government appreciates the use of high technology in the new factory, with an annual production capacity of 4.4Mt,” the minister said. The unit represents an investment of IDR5.6tn, a reflection of the country’s attractiveness to investors, he added. Mr Erlangga said Indonesia produces 60Mta of cement with an insta...

Indonesia: uneven demand hitting company revenues

08 August 2016, Published under Cement News

Cement consumption in Indonesia was up by 3.1 per cent in the three months to June, but the national figures belie the patchiness of regional growth. According to the Jakarta Post, statistics from the Indonesian Association of Cement (ASI) show that demand in Java actually declined – albeit by just 0.13 per cent – whereas consumption in Sumatra grew by 6.8 per cent, twice as fast as the national average. The uneven distribution of growth has implications for Indonesia’s cement firms. 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...