Cement News tagged under: PT Indocement Tunggal Prakarsa
Indocement’s Palimanan plant wins Gold PROPER rating16 December 2013, Published under Cement NewsPT 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 mills21 August 2013, Published under Cement NewsIndocement 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 Sinoma19 July 2013, Published under Cement NewsPT 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, Indonesia18 June 2013, Published under Cement NewsThe 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 three06 May 2013, Published under Cement NewsIndonesia'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... |
Indocement nears completion of feasibility study for two plants14 March 2013, Published under Cement NewsPT Indocement Tunggal Prakarsa, Indonesia’s second-largest cement producer, has said it is in the final stages of a feasibility study to build two new plants. Company president, Daniel Lavelle, told ANTARA news agency that the two factories would have cement capacities of 2.5Mta each, one of which would be located in Central Java and the other outside. Mr Lavelle said that the expansion projects would also serve to maintain the company’s competitiveness in the market. Moreover, it to fu... |
PT Indocement net profit rises 32.2%, Indonesia13 March 2013, Published under Cement NewsPT Indocement Tunggal Prakarsa, part of the HeidelbergCement group, has reported a 32.2 per cent rise in net profit for 2012. The country’s second-largest cement producer saw net profit rise to IDR4.76trn (US$491m) through the year while net income grew to IDR17.20trn, a rise of 24.5 per cent YoY. Indocement is currently working on adding some 6.3Mta of additional capacity by 2015. Projects include new cement mills with capacity of 1.9Mta under construction in Citeureup. The company ... |
Nomura raises target price on Indocement10 December 2012, Published under Cement NewsNormura Equity Research has raised its target price on Indonesia’s second largest cement producer PT Indocement Tunngal Prakarsa (INTP) from IDR23,400 to IDR26,900 (US$2.43 to US$2.79). T he research house has maintained its ‘buy’ recommendation on higher production volume and improved enterprise value/EBITDA. "Despite recent outperformance of the cement sector and INTP's share price, we still favour the sector, as in our view the cement sector and INTP will continue to benefit from ris... |
Indonesian full-year demand set to beat expectations30 November 2012, Published under Cement NewsIndonesian cement demand is seen closing this year 12 per cent ahead of 2011 figures, above previous expectations of eight per cent, but growth next year is likely to be impeded by capacity constraints, according to analysts at PT Samuel Sekuritas. Domestic cement consumption reached 44.64Mt in the January to October period of this year, an increase of 14.5 per cent compared to 38.98Mt last year, according to data from the Indonesian Cement Association. Next year, PT Samuel Sekurit... |
Indocement profit rises, gears up for expansion02 August 2012, Published under Cement NewsIndocement Tunggal Prakarsa, part of the HeidelbergCement group, reported a 24 per cent rise in profit for the first half of 2012 driven by higher sales as the company gears up to take advantage of growing domestic requirements. For the six months to June 2012, net income rose to IDR2.1trn (US$223m) from IDR1.7trn in the same period of last year while revenues were up 30 per cent to IDR8.2trn According to finance director Tju Lie Sukanto, in the first half of the year Indocement spent ... |