Cement News tagged under: PT Semen Indonesia

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Semen Indonesia eyes Middle East & Africa investment

02 April 2014, Published under Cement News

PT Semen Indonesia, the country’s leading producer, is looking at expanding its presence into the Middle East and Africa region by developing factories there in 2016, CEO Dwi Soetjipto as quoted by Investor Daily. The Indonesian state-owned company company plans to invest IDR15trn (US$1.33bn) to boost production capacity to 50Mta by the year 2019. Semen Indonesia is targeting output at 30Mta this year, up from last year's 28Mta. Aside from its domestic operations in Indonesia, which compri...

Gresik inks loan facility for Rembang construction

27 March 2014, Published under Cement News

PT Semen Gresik, part of the Semen Indonesia group, has as secured a letter of credit (L/C) facility to help finance the construction of its Rembang greenfield works in Central Java, Indonesia. The facility agreement, worth INDR1.4trn (US$122.53m), was signed on Friday by Semen Gresik president director Gatot Kustyadji and state lender Bank Mandiri institutional banking director Abdul Rachman. Under the deal, Mandiri has agreed to issue L/Cs to Semen Gresik for the next 42 months to suppor...

PT Semen Indonesia agrees loan for new plant

24 March 2014, Published under Cement News

Cement producer PT Semen Indonesia has secured a non-cash loan of IDR1.4trn (US$122.57m) from PT Bank Mandiri, said Ahyanizzaman, the company's finance director. The firm will use the facility to build a works worth IDR3.7trn ($323.92m) with a capacity of 3Mta in Rembang, Central Java, according Kontan Online.

FLSmidth wins Indonesian greenfield order

17 February 2014, Published under Cement News

FLSmidth has received an order worth approximately EUR42m (approximately DKK310m) from Indonesian cement producer PT Semen Gresik for a greenfield cement plant with a capacity of 8000tpd. The new plant will be located just outside the city of Rembang in the northeastern part of Central Java, Indonesia. The order comprises equipment for the main part of the production line, including a raw mill, coal mill, preheater, kiln, burner, clinker cooler and silo equipment as well as a complete con...

PT Semen Indonesia to increase packing capacities

13 January 2014, Published under Cement News

PT Semen Indonesia plans to increase its number of packing plants to 30 over the next two years as part of the company's strategy of reducing logistic costs and bringing its product closer to customers. Indonesia's largest cement producer is set to inaugurate a packing plant in Banjarmasin, South Kalimantan, this month, company secretary, Agung Wiharto, told Antara News. "The presence of Banjarmasin's packing plant that will soon be inaugurated in January 2014, will further strengthen the e...

Semen Indonesia: upbeat on 2014 outlook

10 January 2014, Published under Cement News

PT Semen Indonesia (Persero) Tbk, the holding company for domestic producers Semen Gresik, Semen Padang and Semen Tonasa and Vietnam-based Thang Long Cement, is upbeat on its outlook for 2014 following a positive performance last year. Total group sales, including exports to the end of November reached 23.41Mt, up 14.6 per cent YoY, the company said in a statement. Exports amounted to 317,560t during the period, a staggering 335.3 per cent YoY increase on the 72,950t traded the year befor...

PT Semen Indonesia announces waste heat project

21 November 2013, Published under Cement News

JFE Engineering Corporation announced that it has started work on a waste heat recovery power generation project for PT Semen Indonesia (Persero) Tbk, the leading state-owned company and the largest cement producer in Indonesia. JFE Engineering has also been entrusted  for the feasibility study of the Joint Credit Mechanism (JCM) by the Ministry of the Environment of Japan (MOEJ) on this project. The system, mainly consisting of boilers, a steam turbine and a generator, will be designed a...

PT Semen Indonesia to further boost capacity

18 November 2013, Published under Cement News

PT Semen Indonesia plans to spend up to IDR6trn (US$516.4m) on capital expenditure in 2014, up from this year's IDR3trn, which will be used to build a greenfield cement factory. This will boost production capacity and finance working capital, said corporate secretary Agung Wiharto. Reuters reports that the company will develop plants in Central Java and West Sumatra, and a cement packaging plant worth up to IDR1trn. It expects sales volume of 5.6Mt in the 4Q13 and achieve its 2013 full-y...

PT Semen Indonesia nine-month net profit rises 15% YoY

30 October 2013, Published under Cement News

PT Semen Indonesia said Tuesday that its net profit rose 15 per cent YoY to IDR3.91trn (US$353m) during the first nine months of the year. The company recorded revenue of IDR17.39trn during the period, up from IDR13.67trn a year before.

PT Semen Indonesia

28 October 2013, Published under Cement News

Domestic cement sales by PT Semen Indonesia grew by 14.3 per cent in 9M13 to 18.2Mt, compared to 16Mt in the same period last year. This far outpaced the 5.3 per cent average growth of cement sales in the country over the same period, boosting Semen Indonesia’s market share from to 43.8 per cent. Exports grew over the same period by an impressive 485 per cent from 45,946t to 268,928t. The lion’s share of total sales was derived from holding company Semen Indonesia (9.5Mt), followed by subsid...