Cement News tagged under: PT Semen Indonesia
Semen Indonesia CEO to head state oil & gas company28 November 2014, Published under Cement NewsDwi Soetjipto, president director of PT Semen Indonesia, has been appointed head of state oil and gas company PT Pertamina, according to reports in the Indonesian press. "As of November 28, Dwi Soetjitpto is heading Pertamina," said State Enterprises Minister Rini Soemarno. To date, Dwi Soetjipto has spent his entire career in the cement industry within publicly listed state-run Semen Indonesia, the nation's biggest cement producer. Prior to achieving the top job in Semen Indonesia ... |
Semen Indonesia scales back full-year growth target14 October 2014, Published under Cement NewsPT Semen Indonesia has reduced its 2014 sales growth target from 5-6 per cent to 4-5 per cent due to a slowdown in cement sector, its corporate secretary, Agung Wiharto, said. Mr Wiharto told Reuters that the state-owned company did not achieve its sales volumes target in the third quarter of this year. Sales volumes in the three months to the end of September 2014 reached 19.1Mt, up three per cent from 18.5Mt a year earlier, representing 71 per cent of its 2014 full-year target. Indonesi... |
Semen Indonesia seeks loan for Papua plant construction25 September 2014, Published under Cement NewsSemen Indonesia is seeking IDR600-IDR840bn(US$50-70m) in bank loans to help finance construction of a new cement plant in Jayapura, Papua, according to reports by the Jakarta Globe. Indonesia's largest cement producer has recently announced its intention to construct the first cement plant in the country's most eastern-most province to meet the region's demand potential and reduce distribution and logistic costs. “For the Papua plant, we will seek external funds like from loans on top of e... |
Semen Indonesia plans Padang power plant17 June 2014, Published under Cement NewsState-run cement producer, PT Semen Indonesia, is considering building a 100MW coal-fired power plant to supply its facilities in Padang, West Sumatra, the construction of which is expected to start next year. Semen Indonesia president director, Dwi Soetjipto, said the company was undertaking a study on the plan, particularly on the capacity level of the power plant. Once the plant is completed, it will supply the company's Padang cement facility, which will see an increase in electricity ... |
Semen Indonesia to fund Thang Long expansion16 June 2014, Published under Cement NewsState-run cement producer Semen Indonesia is planning to spend US$300m to establish a new plant in Vietnam as part of its business expansion in southeast Asia. The new facility will be in the south of the country, near the company’s limestone mine. Semen Indonesia's president director, Dwi Soetjipto, said Semen Indonesia hopes to expand the production capacity of TLCC, its Vietnamese subsidiary, by establishing a new 1.5Mta plant. He added that plant construction would start early next yea... |
Padang begins construction of Indarung VI28 May 2014, Published under Cement NewsPT Semen Padang, part of the Semen Indonesia group of companies, has launched construction of Line No 6 at its plant in Indarung, just outside the city of Padang in West Sumatra, Indonesia. The new 8000tpd line, the main contract for which was awarded to FLSmdith in December last year, is expected to commence operations in the second half of 2016. State-Owned Enterprises Minister Dahlan Iskan, West Sumatra Governor Irwan Prayitno, PT Semen Indonesia CEO Dwi Soetjipto and PT Semen Padang C... |
Semen Indonesia to acquire stake in Myanmar producer09 May 2014, Published under Cement NewsIndonesia's largest cement manufacturing company, Semen Indonesia, is all set to enter Myanmar's cement market after it agreed to purchase a minority stake at a local cement firm, according to president director of the company, Mr Dwi Soetjipto. "At the moment we can only enter Myanmar's economy with minority control, so we will start with a 30 per cent ownership," Soetjipto announced. Mr Soetjipto said the acquisition of the minority stake in the local firm is worth US$30m, but did not ... |
Indonesia: electricity price rise alarms cement producers08 May 2014, Published under Cement NewsSurging electricity costs resulting from subsidy withdrawal by the Indonesian government have been cited as the reason for Holcim Indonesia to bring forward plans to increase cement prices this year and for PT Semen Indonesia to consider doing the same. The government began raising electricity costs on 1 May 2014 by either 38.9 per cent or 64.7 per cent, depending on businesses’ power consumption. Eamon Ginley, Holcim Indonesia president director, said that the cement-price increase was ... |
Semen Indonesia allocates Myanmar spend21 April 2014, Published under Cement NewsPT Semen Indonesia has allocated US$200m for the acquisition of a cement plant in Myanmar, Agung Wiharto, corporate secretary of the Indonesian cement group has revealed. The deal will not be completed this month, as previously expected, but due diligence is currently underway. In an interview with The Jakarta Post, Mr Wiharto said that Myanmar’s cement demand stood at between 8-9Mta, while cement producers could only supply half that volume. "They've imported cement from Thailand and China... |
Semen Indonesia first-quarter sales rise 3.5%17 April 2014, Published under Cement NewsPT Semen Indonesia, the country’s leading cement producer, sold 6.16Mt of cement to the domestic market during Jan-March 2014, a 3.5 per cent increase compared to the same period last year. During the first three months of this year, Indonesian consumption increased by 3.7 per cent, a much slower rate compared to the 8.6 per cent growth registered in 1Q13. The 1Q14 slowdown was partly attributed to adverse weather conditions in January and February but domestic demand rebounded in March, in... |