Cement News tagged under: PT Semen Indonesia

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Semen Indonesia signs cost-cutting deal with Pertamina

25 April 2016, Published under Cement News

Semen Indonesia (SI) has signed an agreement with oil and gas firm Pertamina that will see the latter provide oil for SI’s needs in production, transportation and logistics. The Jakarta Post says the deal could save SI up to IDR1tn (USS$75.7m) and would also involve Pertamina providing assistance in converting SI’s operations to gas power. Semen Indonesia’s president director Suparni said: “[The agreement] is to ensure that the company can increase its operations and also to help in th...

Protestors seek talks with President over PT Semen Indonesia's Rembang plant

13 April 2016, Published under Cement News

PT Semen Indonesia was targeted by nine women who protested against the development of its new  cement plant in their hometown in Rembang, Central Java. The public rally was held in front of the Presidential Palace on Tuesday from local residents who demanded to meet the President over disputed factory. The protesters expressed their concerns over potential environmental damage, saying that the plant could contaminate water and degrade their livelihoods, the Jakarta Legal Aid Institute (LBH...

Indonesia: incumbents suffer as new entrants fight for market share

04 April 2016, Published under Cement News

Cement prices in Indonesia are falling as newer firms attempt to win market share from the established players, state-owned Semen Indonesia, HeidelbergCement’s Indocement Tunggal Prakarsa and Holcim Indonesia. A report from Indonesia Investments notes that the entry of five new firms into the Indonesian market has led to production capacity rising above 100Mta, while demand is set to reach just 63Mt in 2016. This has led to heavy downward pressure on prices: a report by Trimegah Securi...

Indonesia: cement demand declines Jan-Jul 2015

14 August 2015, Published under Cement News

Slowing property and infrastructure development in southeast Asia’s largest economy caused a drop in cement sales from January to July 2015. Domestic cement sales fell 4.1 per cent to 31.3Mt from the same period last year, according to Indonesia Investments. Apart from the stuttering economy (which slowed to a six-year low in the second quarter of 2015), the month of July also saw the Idul Fitri celebrations when business traditionally comes to a near-standstill. In the country’s largest c...

Indonesian producers predict 2016 market pick-up

31 July 2015, Published under Cement News

PT Semen Indonesia and its subsidiary Semen Gresik are optimistic the domestic cement market will improve in 2016 despite tight competition. Bambang Joko, head of  sales at state-owned  PT Semen Indonesia, blamed this year’s economic slowdown on the current decline in cement consumption. "But the slump would not last long. Demand would rise in 2016," he said. His comments highlight that infrastructure and construction bottlenecks are about to start moving again. Almost all cement produce...

Indonesia: Rembang plant on course for 2016 start-up

08 June 2015, Published under Cement News

State-owned cement producer PT Semen Indonesia expects is Rembang cement plant, Central Java, to be completed in 2016. “By the end of 2016, the construction works are expected to finish so that [the factory] is ready for operation,” PT Semen Indonesia president director, Suparni, told The Jakarta Post in Surabaya. “The products are oriented for distribution in Central Java, East Java and West Java.” The 3Mta cement plant will produce cement branded as ‘Semen Gresik’ and has been built wit...

Semen Padang posts 1Q sales decline, Indonesia

14 April 2015, Published under Cement News

PT Semen Padang, part of the Semen Indonesia group of companies, reported a 6.8 per cent decrease in sales volumes in the first quarter of this year to 1.5Mt. "The poor sales of cement were attributed to the sluggish domestic demand," said Semen Padang president director Benny Wendry told local press on Monday. However, the company does not intend to rein in production levels and maintains its target of 7.6Mt, according to Wendry. It plans to offset the slump in domestic sales by stepping...

Semen Indonesia 2014 net profit rises 3.7% YoY

03 March 2015, Published under Cement News

PT Semen Indonesia Tbk, the country's leading cement producer, posted on Monday a 3.7 per cent rise in 2014 net profit from a year earlier. The company reported net profit of IDR5.57trn (US$429.62m) for the full-year ended December, up from IDR5.37trn a year earlier. (Source: Reuters)

Acting Semen Indonesia CEO named new head

23 January 2015, Published under Cement News

PT Semen Indonesia Tbk on Friday appointed acting chief executive officer, Suparni, as its new head. His term will expire in 2019. Suparni, who goes by one name only, had been Acting President Director since the departure of former president director Dwi who was selected in November last year to lead state oil and gas giant Pertamina. Suparni joined Semen Indonesia in 1986. His previous postings were production director of Semen Gresik's Tuban plant since 2007, Head of Corporate Deve...

Semen Indonesia outlines 2015 capex plans

07 January 2015, Published under Cement News

PT Semen Indonesia Tbk has prepared capital expenditures worth IDR7-9trn (US$550m-706m), to fund new plants, upgrades and possibly further international expansion. Of the total, around IDR5trn would be invested in the new plants in Rembang, Central Java, and Indarung, West Sumatra, the company’s finance director Ahyanizzaman told the Jakarta Post.  The new plant in Indarung was expected to start operating in the first half of next year, while the plant in Rembang was expected to begin oper...