Cement News tagged under: PT Indocement Tunggal Prakarsa
Indocement sees 3% uptick in 8M21 sales08 October 2021, Published under Cement Newsndonesia-based Indocement Tunggal Prakarsa is on track to sell up to 18.1Mt of cement in 2021, according to Mirae Asset Sekuritas analyst Mimi Halimin. The company has seen its domestic sales expand by 3.3 per cent to 10.4Mt in the first eight months of the year. In August there was an 0.5 per cent uptick to 1.5Mt. “Although relatively flat from last year, the volume was 7.7 per cent higher than the previous month. This indicates a recovery in volume along with the gradual pick-up in econ... |
Top two Indonesian cement producers evolve growth strategies13 August 2021, Published under Cement NewsThis week, CemNet featured a plethora of half-yearly financial reports from leading cement producers, including Semen Indonesia Group (SIG). SIG operates in a domestic market with an industry capacity of 120.5Mta and, even with a leading 42 per cent market share, it is seeing competition increase from new entrants that have added 24.7Mta of cement capacity between 2013-18. To meet this challenge, SIG is poised to embark on a regional expansion, while its nearest domestic competitor is expect... |
PT Indocement Tunggal Prakarsa records April sales volume of 1.3Mt25 May 2021, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk recorded a sales volume of 1.3Mt throughout April 2021. This realisation was 13 per cent higher than sales in the same period last year. Director and Corporate Secretary of Indocement Tunggal Prakarsa, Antonius Marcos, said that this increase was mainly due to the fact that April last year was the first month of the COVID-19 pandemic in Indonesia. In April 2021 are around 100,000t lower than sales in March 2021 which reached 1.4Mt. This decline in m... |
PT Indocement Tunggal Prakarsa sells 4Mt of cement in 1Q2129 April 2021, Published under Cement NewsThe 1Q21 cement sales of PT Indocement Tunggal Prakarsa Tbk have seen a pick up. Indocement Director and Corporate Secretary, Antonius Marcos, said that in March 2021, the company recorded sales of 1.4Mt, more than 200,000t higher sales than in the previous month. Indocement reached 4Mt during 1Q21 (3.9Mt in 1Q20) and the company still believes that sales growth in 2021 can reach four per cent higher than in 2020. This year, Indocement will strengthen its sales in Sumatra... |
Two Indonesian producers expect 3-4% cement volume increase in 202102 March 2021, Published under Cement NewsPT Semen Indonesia (SMGR ) and Indocement Tunggal Prakarsa (INTP) expect domestic cement volume to grow 3-4 per cent YoY in 2021. This could be achieved through a recovery in bulk cement, which declined in 2020 by 22 per cent YoY. Volume is expected to remain soft in the 1Q21 in Indonesia with turnaround expected to occur in the 2Q21, added UBS Global Research (Indonesia). In 2020 there was increased competition in Java and Kalimantan, but the average selling price for Tier-1 brands r... |
Indocement prepared to make plant acquisition in 201910 July 2019, Published under Cement NewsIndocement 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 market16 November 2018, Published under Cement NewsThis 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 waste21 June 2018, Published under Cement NewsIndonesia’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 cement15 September 2017, Published under Cement NewsPT 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 2H1711 August 2017, Published under Cement NewsWhile 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... |