Cement News tagged under: PT Indocement Tunggal Prakarsa

RSS feed

Indonesia: Indocement hopes for strong consumption growth

11 May 2016, Published under Cement News

Indocement Tunggal Prakarsa President Director, Christian Kartawijaya, has predicted that cement consumption in Indonesia could grow by 3-5 per cent in 2016, having grown by 3.4 per cent in 2015. According to the Jakarta Post, Mr Kartawijaya highlighted government investment in infrastructure and falling interest rates as the key drivers of higher demand. The Indonesian government has allocated IDR313.5trn (US$23.51bn) to infrastructure projects in 2016, up eight per cent on the previo...

PT Indocement factory to go online in 3Q16

05 April 2016, Published under Cement News

PT Indocement Tunggal Prakarsa's new cement factory in Citeureup, West Java, is expected to be operable by the third quarter of 2016, with investment of IDR6.5trn (US$491m). Indocement, part of the HeidelbergCement Group, has allotted IDR2.3trn from internal cash for its 2016 capital expenditure (capex) to finalise the construction of its new plant. The company will also use further capex for maintenance activities. Meanwhile, Indocement subsidiaries Bahana Indonor and Indomix Perkasa ha...

Indonesia: incumbents suffer as new entrants fight for market share

04 April 2016, Published under Cement News

Cement prices in Indonesia are falling as newer firms attempt to win market share from the established players, state-owned Semen Indonesia, HeidelbergCement’s Indocement Tunggal Prakarsa and Holcim Indonesia. A report from Indonesia Investments notes that the entry of five new firms into the Indonesian market has led to production capacity rising above 100Mta, while demand is set to reach just 63Mt in 2016. This has led to heavy downward pressure on prices: a report by Trimegah Securi...

Indocement shareholders approve disbursement of almost all 2014 profits as dividends

15 May 2015, Published under Cement News

During an annual shareholders meeting in Jakarta on Wednesday the shareholders of PT Indocement Tunggal Prakarsa  approved the company’s proposal to pay dividends of about IDR4.96trn (US$381.9m) or IDR1350 per share, about 94 per cent of the profits recorded in 2014. Indocement booked IDR5.27trn in profits in 2014, a 5.2 per cent increase from IDR5.01trn in 2013. During 2014, the company’s net revenues totaled IDR19.99trn last year, an increase from IDR18.69trn in 2013, First-quart...

Indonesian firms expect better second-half

23 September 2014, Published under Cement News

Two of Indonesia's top three cement producers are expecting a better financial performance in the second half of this year, on the back of growing demand despite a projected slowdown in the country's economy. Christian Kartawijaya, president director of Indonesia's second-largest producer PT Indocement Tunggal Prakarsa, told reporters at the Investor Summit 2014 that there would likely be more construction projects carried out in the second half of the year. “The projected growing cement ...

Indocement’s Palimanan plant wins Gold PROPER rating

16 December 2013, Published under Cement News

PT Indocement Tunggal Prakarsa has once again been awarded a Gold Rating by the government’s Pollution Control, Evaluation and Rating (PROPER) programme, for environmental achievements at its Palimanan factory in Indonesia. The company's Citeureup and Tarjun factories, meanwhile, received the Green Rating. The awards were presented by Environment Minister of Indonesia, Balthasar Kambuaya to Kuky Permana, director of Human Resources & CSR, Budiono Hendranta, GM, of the Palimanan factory and ...

Indocement orders seven Loesche mills

21 August 2013, Published under Cement News

Indocement has ordered seven Loesche Vertical Roller Mills (VRM) for the new production line at Citeureup cement plant, 45km south of Jakarta, Indonesia. The new production line will consist of two Type LM 56.4 mills for the grinding of cement raw material. Each will have a capacity of 400tph at a product fineness of 10 per cent R90μm. Two further, LM 28.3 D mills will be grinding coal at a maximum rate of 40tph at a product fineness of 12 per cent R 90μm. For the clinker grinding the cli...

Indocement signs contract for new line with Sinoma

19 July 2013, Published under Cement News

PT Indocement Tunggal Prakarsa Tbk has signed a contract for the construction of a new line with PT Sinoma Engineering Indonesia. The new line, known as P-14, will be constructed at the company's Citeureup works in Bogor. "We have signed the onshore contract for construction and services for the P-14 project," Indocement's corporate secretary, Sahat Panggabean, told Bisnis Indonesia. Indocement is currently focussed on building two new kilns at Citeureup, which will become the company's ...

Siemens wins new contract from PT Indocement, Indonesia

18 June 2013, Published under Cement News

The Siemens Drive Technologies Division has received an order to upgrade cement plants from PT Indocement Tunggal Prakarsa Tbk (Indocement), Indonesia. A major part of the project will be migrating the previous process control system of a competitor to the Simatic PCS 7-based process control system Cemat. Siemens will also take care of the software engineering, installing I/O modules, and control and engineering stations, PLC programming as well as signal tests and commissioning. With t...

Mixed first-quarter results for Indonesia's top three

06 May 2013, Published under Cement News

Indonesia's top three cement producers have posted a mixed set of results for 1Q13, as Semen Indonesia and PT Indocement report a rise in net profits but Holcim Indonesia feels the pinch from an increasingly competitive market. The country's largest cement producer, state-owned PT Semen Indonesia reported a 22.3 per cent increase in net profit to IDR1.24trn in the first three months of this year, thanks to a 20.4 per cent rise in sales volumes to 4.94Mt. The state-owned cement producer en...