Cement News tagged under: Semen Gresik
Indonesian full-year demand set to beat expectations30 November 2012, Published under Cement NewsIndonesian cement demand is seen closing this year 12 per cent ahead of 2011 figures, above previous expectations of eight per cent, but growth next year is likely to be impeded by capacity constraints, according to analysts at PT Samuel Sekuritas. Domestic cement consumption reached 44.64Mt in the January to October period of this year, an increase of 14.5 per cent compared to 38.98Mt last year, according to data from the Indonesian Cement Association. Next year, PT Samuel Sekurit... |
Gresik sees output rising 18% next year, Indonesia29 November 2012, Published under Cement NewsIndonesia’s leading cement producer PT Semen Gresik expects cement production to increase by 18 per cent next year, however, it has hinted that domestic sales growth could slow next year compared to the robust figures expected in 2012. The company’s president director Dwi Soetjipto said the company’s production growth could rise to 26Mt in 2013 from output of about 22Mt in 2012. In the first 10 months of 2012, the Gresik group sold 18.13Mt, an increase of 13.6 per cent compared to 15.... |
Semen Gresik plans name change to raise its profile, Indonesia03 August 2012, Published under Cement NewsState Enterprises Minister Dahlan Iskan said Indonesian state-owned Semen Gresik is set to change its name to Semen Indonesia in a bid to raise the company’s international profile. The change is subject to approval by shareholders expected October or November this year, the minister said on Tuesday. Once the change becomes official, Dwi Doetjipto, president director of Semen Gresik, will become chief executive of Semen Indonesia. Dahlan said President Susilo Bambang Yudhoyono of Indone... |
PT Semen Gresik plans Myanmar plant, considers Vietnam investment27 June 2012, Published under Cement NewsIndonesian state producer, PT Semen Gresik, is planning to build a cement plant in Myanmar and is also looking to acquire a Vietnamese company, according to chief executive Dwi Soetjipto. "We're studying a plan to set up a JV in Myanmar, with Gresik as the majority owner. The plant capacity may be between 1.5-2Mta," Dwi Soetjipto told reporters after a shareholders' meeting. Mr Soetjipto also noted that while Vietnam is currently experiencing overcapacity, Gresik is currently looking a... |
Gresik to invest in new plants, Indonesia28 May 2012, Published under Cement NewsIndonesian cement producer, PT Semen Gresik, plans to build new cement plants in Sumatra and Java this year with an investment cost of IDR7trn (US$756m), according to reports in the Jakarta Globe. Dwi Soetjipto, president director of state-owned Gresik, said: “We will add the plants to directly support the production process, or the core business of the company.” Semen Gresik will seek a bank loan to finance the construction of the plants, he said, adding that another option was a bond... |
Gresik sees 20% 1Q12 rise, aims to increase market share30 April 2012, Published under Cement NewsIn the first quarter of 2012, Semen Gresik earned IDR4.28trn (US$466m) in revenue, a 20 per cent increase from IDR3.55trn during the same period last year and hopes two new plants that are set to become operational this year will help the company regain higher market share. Commenting on the rise in revenue, the Jakarta Post reports Agung Wiharto, Semen Gresik investor relations chief as saying: "The increase in revenue was supported by growing production volume and higher cement prices." ... |
Myanmar plant to improve Gresik distribution network13 March 2012, Published under Cement NewsFollowing PT Semen Gresik’s announcement that it plans to construct a cement plant in Myanmar, a government official has said the new facility will be improve the company's distribution network, particularly in light of a new regional trade agreement. Earlier this week, local press reported that Gresik is to construct a 2.5Mta cement plant in Myanmar where supply is falling short of demand. This will be Semen Gresik’s first foray abroad. Sumaryanto Widayatin, a deputy state enterprise... |
Semen Gresik to build 2.5Mta plant in Myanmar12 March 2012, Published under Cement NewsState-owned Indonesian cement producer PT Semen Gresik, is reportedly expanding its operations into Myanmar by constructing a new plant as part of government expansion plans involving state enterprises. The Indonesian cement producer plans a 2.5Mta cement plant at an estimated cost of IDR4.5trn (US$500m), according to company finance director Ahyanizzaman. PT Semen Gresik is one of four state companies asked by the government under Indonesia Incorporated to expand operations to Myanmar... |
Semen Tonasa announces eastern packing projects, Indonesia08 March 2012, Published under Cement NewsIndonesian cement producer, Semen Tonasa, a Semen Gresik subsidiary, is to construct cement packing plants in all provinces in eastern Indonesia. The company said it would need to spend up to IDR100bn (US$11m) on the project to be carried out in phases, according to reports in the Jakarta Post. Tonasa’s president, Sattar Taba, said the company will build at least two packing plants a year until each province in the eastern region has a packing plant. This year, it will start with the c... |
Semen Padang in alternative fuels initiative, Indonesia28 February 2012, Published under Cement NewsIndonesia's Semen Padang is developing the use of waste materials to replace coal, according to Abusyamsari, a member of the company’s innovation team. The state-owned cement producer and a subsidiary of Semen Gresik, has been using rubber waste since 2011. “In addition to helping the government in reducing waste, the use of waste rubber can also save production costs,” he told The Jakarta Post on the sidelines of the 2011 Semen Gresik Group Award on Innovation. “With an assumption that w... |