Cement News tagged under: PT Semen Indonesia
Indonesian cement demand up 13% in October20 November 2017, Published under Cement NewsCement demand in Indonesia in October 2017 and the first 10 months of 2017 has shown sustained robust growth. The Indonesian Cement Association (ASI) and PT Semen Indonesia expect this trend to continue for a further one or two months before the start of the rainy season. In October domestic cement consumption was 6,754,075t, up 12.5 per cent compared to October 2016, according to ASI. In addition, exports were 272,682t, up 39 per cent of which cement exports were 75,671t, a YoY ris... |
PT Semen Indonesia appoint new President Director20 September 2017, Published under Cement NewsIn its Extraordinary General Meeting held Friday 15 September 2017, the shareholders of PT Semen Indonesia have approved the appointment of Hendi Prio Santoso as new President Director. The 50-year-old Mr Santoso was President Director of state-owned gas company PT Perusahaan Gas Negara (PGN) from 2008 until 2017. Previously, he held the positions of Finance Director at PGN (2007-08) and Director/Investment Banking at PT Morgan Securities Indonesia (2004-07). He holds BA degrees in B... |
Semen Indonesia 2016 net profit plateaus28 February 2017, Published under Cement NewsSemen Indonesia posted a 0.2 per cent increase in net income in 2016 last year amid falling sales and revenue, according to a company filing on Monday. The state-controlled company posted IDR4.5trn (US$337m) in net income last year, just slightly higher than in 2015. The company's total sales and revenue dropped three per cent to IDR26.1trn amid weak demand from the domestic market. Semen Indonesia's sales by volume, excluding from its subsidiaries, dropped 0.6 per cent to 13.9Mt in... |
Semen Indonesia net profit down by 3% in 201610 January 2017, Published under Cement NewsPT Semen Indonesia Tbk made a net profit of IDR4.01trn (US$301.6m) in 2016, which was lower than the IDR4.52trn the previous year. "National cement growth in the year was down three per cent due to the presence of new industries and the projection of a negative 1.1 per cent growth in December," said Rizkan Chandra, president and director of the company. Mr Chandra went on to say how the company’s Tuban plant was performing well, with production at the plant reaching 1,381,907t, five pe... |
Semen Indonesia expects 5% sales growth in 201709 January 2017, Published under Cement NewsState-owned cement company PT Semen Indonesia (Persero) Tbk is targeting 4-5 per cent sales growth in 2017. Semen Indonesia Corporate Secretary Agung Wiharto said that new plants in Rembang in Central Java and Indarung VI in Padang, West Sumatra, will help it achieve higher sales. “If they go according to plan, we expect Semen Indonesia’s new plants in Rembang and Indarung can contribute [to push growth],” he said. He revealed that Semen Indonesia’s total cement capacity stands at 29Mta... |
Semen Indonesia plant receives environmental permit12 December 2016, Published under Cement NewsDespite protests, Central Java Governor Ganjar Pranowo has issued a new environmental permit to Semen Indonesia for its plant in Rembang. The new plant is almost complete and although some local residents have fought its opening, many are highlighting the benefits it will provide such as 1200 jobs. Semen Indonesia has denied that the new works will damage the environment. |
PT Semen Indonesia domestic sales down 6%, export more than double11 November 2016, Published under Cement NewsPT Semen Indonesia’s domestic cement sales dropped six per cent YoY to 2.55Mt in October from 2.71Mt. However, the company saw its export sales rise from 28,302t in October 2015 to 62,829t one year later. For the first 10 months of 2016, domestic sales edged up from 20.93Mt in 10M15 to 21.19Mt. Cement exports rose 15.2 per cent YoY from 419,767t to 483,745t. |
Indonesia: commission will back Rembang plant21 October 2016, Published under Cement NewsThe state-owned PT Semen Indonesia Rembang cement plant, Central Java, will received the backing from the House of Representatives Commission VI, says its head Teguh Juwarno, following a Supreme Court case review decision in favour of the people of Kendeng mountain, reports the Jakarta Post. "The parliament gives its political support to PT Semen Indonesia in Rembang so it can continue its operation there. We support Semen Indonesia and the State-owned Enterprises Ministry to continue the ... |
Indonesia: PT Semen Indonesia looks to alternative fuels to save jobs17 October 2016, Published under Cement NewsCost-saving measures other than staff layoffs are considered more efficient in improving company margins as they are challenged by weak demand, according to corporations and consulting firms quoted in The Jakarta Post. "Our energy-related costs hovered around 60 per cent of overall costs so we prioritised making them more efficient," said Agung Wiharto, corporate secretary of state-owned Semen Indonesia, highlighting energy as the focus of the company’s cost-saving measures. Semen ... |
Indonesia: minister to bring in regulation to stop capex expansion10 October 2016, Published under Cement NewsIn an effort to curb Indonesia’s burgeoning overcapacity, the government has announced that it is working on a regulation banning the issuance of new permits for cement plants, the Jakarta Post reports. “We’ve been talking about the moratorium as well as some other ways to accommodate existing oversupply”, Industry Minister Airlangga Hartarto said. Other sources in government say that the regulation should be issued some time this year. The country saw a slight increase in nationwide cement... |