Cement News tagged under: Semen Baturaja
Weaker rupiah impacts Semen Baturaja plant plans11 September 2013, Published under Cement NewsPT Semen Baturaja is having to adjust its plan to develop a new factory due to the weakening of the rupiah against the US dollar. According to reports by the Jakarta Post, that the purchase of equipment, which makes up about 40-50 per cent of total investment costs, could be delayed. Semen Baturaja president director Pamudji Rahardjo told the newspaper that the company was working on a new valuation of the investment with higher exchange rate, as the currency has passed 11,000. The curre... |
Positive start for Semen Baturaja on IDX, Indonesia02 July 2013, Published under Cement NewsSemen Baturaja has received a positive response from the market during its first day of trading on the Indonesian Stock Exchange (IDX). The company’s shares, sold under the code ‘SMBR’, opened at IDR590 (5.9 US cents), or 5.4 per cent higher than its initial public offering price (IPO) of IDR560. The price, which reached its peaked at IDR700 in the afternoon trading session, closed the day at IDR570, down 3.4 per cent from the opening price but 1.8 per cent higher than the IPO price. S... |
Semen Baturaja announces IPO, Indonesia31 May 2013, Published under Cement NewsIndonesian state-run cement maker Semen Baturaja plans to raise up to IDR1.6trn (US$163m) from an initial public offering next month to finance expansion as its existing production base nears maximum utilisation levels. State Enterprises Ministry's deputy head of restructuring and strategic planning, Wahyu Hidayat, that the indicative share prices of between IDR500-685 has been approved, according to reports in the Jakarata Globe. The South Sumatra-based company is selling 2.34 billion ... |
Gresik eyes tie-up with Semen Baturaja, Indonesia30 November 2012, Published under Cement NewsSemen Gresik CEO Dwi Soetjipto has expressed an interest in synergising with another state-owned cement producer, Semen Baturaja, according to local press reports. "We see that such a synergy can improve Semen Gresik's position and Baturaja's inclusion can give added value," said Dwi at a press conference during the Investor Summit, earlier this week. The acquisition was planned after Semen Gresik had changed its name to Semen Indonesia and became a strategic holding company for products u... |
Semen Baturaja plans IPO in November, Indonesia02 July 2012, Published under Cement NewsState-owned Semen Baturaja plans to float shares on the Indonesian Stock Exchange in November, according to president director Pamudji Rahardjo. Speaking to the Jakarta Globe, Mr Rahardjo said: “Our target for the initial public offering (IPO) date is October, so the shares can be listed in November.” He reiterated that the company’s target is to raise IDR1.2trn (US$128m) from the IPO. “We, however, are still considering the amount of shares to be offered to the public, whether we stic... |