Cement News tagged under: PT Semen Indonesia

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PT Semen Indonesia to pay IDR239bn dividend

23 June 2020, Published under Cement News

PT Semen Indonesia Tbk (SMGR) will pay a dividend of IDR239bn (US$16.9m) or 10 per cent of SMGR's net profit in 2019 which reached IDR2.39trn, down 22.3 per cent YoY. Per share, the dividend amounts to IDR9500, representing a yield of 0.42 per cent. "The remaining 90 per cent will be used for other reserves," explained the company’s Director of Marketing and Supply Chain, Adi Munandir, during the annual general meeting of shareholders (AGM) in Jakarta on 19 June. Mr Munandir added that th...

Taiheiyo Cement Corp signs MoU with Solusi Bangun Indonesia

24 April 2020, Published under Cement News

PT Semen Indonesia Tbk (SMGR), together with its affiliate PT Solusi Bangun Indonesia Tbk (SMCB), signed a memorandum of understanding (MoU) with Taiheiyo Cement Corp (TCC) on 21 April 2020. The initial agreement is to carry out investment and strategic cooperation between the parties. It includes an investment plan by TCC in SMCB, an agreement on exports to TCC and a partnership plan with TCC. The investment referred to in the MoU is related to the TCC's plan to make an investment in SMCB ...

PT Semen Indonesia to concentrate on strengthening regional market position

13 January 2020, Published under Cement News

Hendi Prio Santoso, managing director of PT Semen Indonesia Tbk (SMGR), has stated that the company will focus on developing derivative products and expanding into regional markets. "As an integrated provider of building material solutions, the affirmation of the company's focus is very important to maintain a sustainable growth trend in the future," said Mr Santoso. He was very grateful for the company's performance achievements in 2019. In the midst of increasingly-fierce industry compet...

What characterised the cement world in 2019?

20 December 2019, Published under Cement News

This week ICR looks back at a big year for the cement sector when news centred on several core themes. Prominent trends in our news flow have been the evolution of cement volumes, overcapacity and CO 2 reduction measures. Cement volumes There were a number of positives for cement demand in the 2019, with key markets on the whole performing robustly. At the start of 2019, SNIC President, Paulo Camillo, was suggesting that Brazil would see a change in domestic volumes "After four years ...

PT Semen Indonesia receives 9M19 profit decline

08 November 2019, Published under Cement News

Cement producer PT Semen Indonesia received a profit decline in 9M19 on the back of surging finance costs. Although Semen Indonesia earned IDR1.3trn (US$92.85m) in net profit from January to September, the profit was a 38 per cent down from 9M18 due to increasing finance costs, which jumped 235.33 per cent YoY. According to the company's financial report released on 31 October, revenue increased 31 per cent YoY to INR28.12trn in the nine-month period thanks to additional contributions from ...

Semen Indonesia Group and SBI see 47% rise in February sales

19 April 2019, Published under Cement News

Semen Indonesia Group and PT Solusi Bangun Indonesia (SBI) have posted sales of 3.095Mt in February 2019, a significant increase of 47 per cent YoY when compared with a sales volume of 2.106Mt noted in February 2018. Semen Indonesia reported a 7.4 per cent YoY advance in its sales volume to 2.157Mt  in February 2019. Of this total, the company supplied 1.856Mt to the domestic market, up 1.2 per cent when compared with 1.835Mt in February 2018. Around 300,772t was exported, representing a 7...

PT Semen Indonesia sees 10% revenue rise in 2018

03 April 2019, Published under Cement News

PT Semen Indonesia increased revenues by 10.3 per cent YoY to IDR30.688trn in 2018 from IDR27,814trn in 2017. The company’s consolidated sales volume reached 33.153Mt, including the sales from Thang Long Cement in Vietnam. Export sales from its Indonesian production base advanced 68.7 per cent to 3.157Mt when compared with 1.871Mt in 2017. The Indonesian cement producer saw its cost of revenue advance by 7.6 per cent to IDR21.357trn when compared with IDR19.854trn in the previous year. ...

Holcim Indonesia becomes PT Solusi Bangun Indonesia

11 February 2019, Published under Cement News

Holcim Indonesia has changed its name to PT Solusi Bangun Indonesia (Solution to Build Indonesia) following its takeover by PT Semen Indonesia. An Extraordinary General Meeting of Shareholders (EGM) of PT Holcim Indonesia Tbk, held on 11 February 2019, approved the company name change. In addition, two subsidiaries of PT Holcim Beton and PT Lafarge Cement Indonesia were renamed PT Concrete Building Solutions and PT Solusi Andalas Building, respectively. Semen Indonesia had acquired an 80....

PT Semen Indonesia tightens grip on domestic market

19 November 2018, Published under Cement News

This week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The agreement is subject to regulatory approvals, but SMGR, as a state entity, is not expected to be held up in its desire to extend its hold on the domestic cement market. Indonesia currently has 15 cement companies operating with a total capacity of 110Mta, of which 63 per cent is owned by foreign players. Throug...

PT Semen Indonesia tightens grip on domestic market

16 November 2018, Published under Cement News

This week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The agreement is subject to regulatory approvals, but SMGR, as a state entity, is not expected to be held up in its desire to extend its hold on the domestic cement market. Indonesia currently has 15 cement companies operating with a total capacity of 110Mta, of which 63 per cent is owned by foreign players. Throug...