Cement News tagged under: PT Semen Baturaja

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Semen Baturaja records 24% sales increase

07 January 2019, Published under Cement News

Indonesia’s PT Semen Baturaja (SMBR) has recorded a 24 per cent YoY increase in sales to 2.17Mt in 2018, compared to 1.76Mt of the previous year. Jobi Triananda Hasjim, company president, noted that it surpassed the average growth of the country’s industry by five per cent in 2018. "The growth of SMBR sales volume this year is one of the highest in the industry sector," said Mr Hasjim. In December 2018, the company’s cement sales surged 22 per cent to 220,737t compared to the year-ago per...

Indonesia: Semen Baturaja plant due online in 2017

15 November 2016, Published under Cement News

President of PT Semen Baturaja, Pamudji Rahardjo, announced that the state company would bring its second cement plant online next year. The Baturaja II plant is currently under construction with a planned production capacity of 1.85Mta. The new plant represents a IDR3.4tn (US$254.5m) investment. The funds will be raised partly (IDR1.27tn) via initial public offering, IDR1.3tn in loans and the rest put up by the company. "Currently we are facing weak demand in the country’s cement mark...

Indonesia: Semen Baturaja 9M16 net profit down 34% YoY

01 November 2016, Published under Cement News

PT Semen Baturaja announced a near-34 per cent fall in January-September 2016 net profit from 9M15 to IDR174.74bn (US$13.4m) from IDR264.66bn. The drop in net profit was attributed to the rise in the cost of goods at a time when revenues increased only marginally. Revenues in the first nine months of 2016 edged up to IDR1.04trn from IDR1.03trn in 9M15.

Indonesia: PT Semen Baturaja acquires syndicated plant loan

23 May 2016, Published under Cement News

Semen Baturaja plans an IDR3.32trn (US$245m) unit in Baturaja, Ogan Komering Ulu, South Sumatra and to carry this project the company has sought a loan from PT Bank Negara Indonesia and PT Bank Pembangunan Daerah Sumatera Selatan dan Bangka Belitung, or Bank Sumsel Babel. IDR1.4trn will come from Bank Negara and the remaining IDR100bn will be leant by Bank Sumsel Babel. The new plant, which is expected to start operations next year, will have a production capacity of 1.85Mta. It will b...

Indonesia: Semen Baturaja to build three new plants in phases

22 October 2014, Published under Cement News

Indonesia's state-owned PT Semen Baturaja will build three new plants as a multistage project. At present, the works still require licences and approval from local communities around the project sites. "In general, the project is ready for implementation, but the process is not yet wrapped up for all the licences needed. Only one of the factories is expected to be implemented by the end of this year or early next year," chief spokesman of the South Sumatra-based company Sahadi said. The...

Semen Baturaja full-year net profit rises 5% YoY

24 February 2014, Published under Cement News

Indonesia state-owned cement producer PT Semen Baturaja recorded a net profit of IDR312bn (US$26.5m) in 2013, up five per cent YoY, Bisnis Indonesia reported. The company will start construction on its new IDR2.9trn factory this year, which is expected to be completed in the fourth quarter of this year. Once completed, capacity is expected to almost double to 3.85Mta from the current 1.85Mta. CEO Pamudji Rahardjo said the company is targeting revenue of IDR1.4trn this year, up 19 per cen...

Semen Baturaja IPO set for February 2013

12 December 2012, Published under Cement News

Indonesia state-owned cement producer PT Semen Baturaja is planning an Initial Public Offering (IPO) for next February to raise funds to construct a new cement plant. The company aims to raise up to IDR1trn (US$103.79m) by selling up to 35 per cent of its enlarged capital, Reuters cited Semen Baturaja director, Pamudji Raharjo, as saying. The funds raised will be used for the construction of a new 1.5Mta cement factory in Pabrik Baturaja II. The project is slated for completion in 2015...

PT Semen Baturaja IPO set for Feb 2013, Indonesia

29 November 2012, Published under Cement News

Indonesian state-owned producer PT Semen Baturaja expects to list its shares on the Indonesia Stock Exchange in February 2013. Semen Baturaja has been ready to release a maximum of 2 billion shares, or equivalent to 35% of paid up capital, with a targeted Initial Public Offering (IPO) proceeds of IDR1trn. The company had appointed three underwriters for its IPO, namely PT Bahana Securities, PT Danareksa Sekuritas and PT Mandiri Sekuritas, Investor Daily reported. Semen Baturaja President D...