Cement News tagged under: PT Indocement Tunggal Prakarsa

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Indocement nears completion of feasibility study for two plants

14 March 2013, Published under Cement News

PT 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%, Indonesia

13 March 2013, Published under Cement News

PT 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 Indocement

10 December 2012, Published under Cement News

Normura 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 expectations

30 November 2012, Published under Cement News

Indonesian 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 expansion

02 August 2012, Published under Cement News

Indocement 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 ...

Indocement to invest US$109m on expansion

09 May 2012, Published under Cement News

PT Indocement Tunggal Prakarsa, part of the HeidelbergCement group, is to spend more than IDR1trn (US$109m) this year on expansion, according to reports in the Jakarta Post. Following the company’s annual and extraordinary shareholders meeting on Tuesday, director Kuky Permana, said that one of the company’s main projects would be the construction of a new 4.4Mta plant in Citereup, Bogor, West Java. Indocement would also construct cement mills with a total capacity of 1.9Mt, he said. I...

Indocement targets 30Mt production by 2017

27 March 2012, Published under Cement News

PT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, has outlined several expansion project which will lift the producer’s cement capacity to the 30Mt mark by 2017. Output at the company, which is the second-largest producer in Indonesia, is targeting at 20.6Mt this year. Indocement is currently constructing a cement mill at its Citeureup, West Java, site with a production capacity of 1.9Mta which is scheduled for completion in 2013. The Jakarta Post also now reports tha...

Indocement to invest in new factory, Indonesia

23 March 2012, Published under Cement News

PT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, is set to construct a new cement factory in Citereup, West Java, according to local press reports. Asia in Focus has reported that the company is investing US$440m in the new facility. Corporate secretary Sahat Pangabena, however, refused to give details about the plan, saying Indocement will announce details later this month.

Indonesian cement companies increase sales

15 February 2012, Published under Cement News

Indonesia’s cement sales increased to 4.05Mt from 3.52Mt a year earlier, Investor Daily Indonesia reported, citing data from the country’s cement association.? Yesterday, Bloomberg stated that PT Semen Gresik, Indonesia’s largest cement producer, rose 0.4% to IDR11,550 (US$1.27). PT Indocement Tunggal Prakarsa, Indonesia’s second-largest cement producer, also rose 1.7% to IDR17,800 (US$1.90). However, PT Holcim Indonesia, the nation’s third-largest cement producer, fell 1% to IDR2350 (US...