Cement News tagged under: PT Indocement Tunggal Prakarsa
Indocement expects 3-5 per cent rise in domestic consumption22 March 2017, Published under Cement NewsIndonesia'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 sales01 November 2016, Published under Cement NewsIn 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 commissioned21 October 2016, Published under Cement NewsIndonesia’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 revenues08 August 2016, Published under Cement NewsCement 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% YoY18 May 2016, Published under Cement NewsCement 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... |
Indonesia: Indocement hopes for strong consumption growth11 May 2016, Published under Cement NewsIndocement 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 3Q1605 April 2016, Published under Cement NewsPT 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 share04 April 2016, Published under Cement NewsCement 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 dividends15 May 2015, Published under Cement NewsDuring 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-half23 September 2014, Published under Cement NewsTwo 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 ... |