Cement News tagged under: Semen Indonesia

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Semen Indonesia reports 4% drop in August sales

19 September 2019, Published under Cement News

Semen Indonesia reported a four per cent fall to 2.789Mt in total sales in August 2019 when compared with the previous year, when the company achieved sales of 2.904Mt. In July 2019 sales slipped by 2.6 per cent YoY to 2.706Mt. Of the total, domestic sales of 2.466Mt were reported, down 5.1 per cent YoY. This follows a six per cent YoY drop in July, when sales to Indonesian customers stood at 2.354Mt. Exports advanced by 5.6 per cent YoY to 323,101t following a 29.5 per cent rise to 352,55...

PT Semen Indonesia

27 June 2019, Published under Cement News

In May 2019 the Semen Indonesia group sold a total of 3,353,940t of cement and clinker. This compares to 3,058,721 in the previous month and 2,840,181t in May 2018. Semen Indonesia contributed 2,320,344t to the May total, a contraction of 9.71 per cent YoY, mainly from domestic sales (1,992,823t) but also exports (327,521t). TLCC added a further 204,601t, a YoY decline of 24.28 per cent, made up of 117,301t to the domestic market and 87,300t overseas. PT Solusi Bangun Indonesia (SBI) sold...

LafargeHolcim

04 February 2019, Published under Cement News

The sale of the 80.6 per cent stake in Holcim Indonesia to Semen Indonesia, formerly known as Semen Gresik, has been completed, taking Semen Indonesia’s share from 35.7 per cent of the national capacity to 49.5 per cent. The deal, valued at around US$1750m, adds four cement works, 33 ready-mixed concrete plants and two quarries to Semen Indonesia’s production base. Semen Indonesia also has a sizeable cement business in Vietnam. The completion of this deal suggests that a disposal of the Phil...

LafargeHolcim completes Indonesia asset sale

01 February 2019, Published under Cement News

LafargeHolcim has completed the divestment of its 80.6 per cent share in Holcim Indonesia to Semen Indonesia, which had an enterprise value of US$1.75bn. The proceeds from the asset sale will improve LafargeHolcim’s net debt to recurring EBITDA ratio by 0.2, with the target of two times or less expected to be achieved before end-2019, according to the company.

Semen Indonesia mandates 5 banks for US$1.3bn bridge loan

03 December 2018, Published under Cement News

Semen Indonesia has mandated five banks for a US$1.282bn bridge loan to support its acquisition of the local unit of LafargeHolcim. BNP Paribas, Deutsche Bank’s Singapore branch, Maybank, MUFG Bank and Standard Chartered are the lead arrangers and bookrunners for the two-year loan, which will be launched into syndication in 2-3 weeks, according to a company announcement. The borrower agreed to acquire 80.6 per cent of Holcim Indonesia, one of the country’s largest cement producers from L...

Semen Indonesia to buy LafargeHolcim’s Indonesian unit

13 November 2018, Published under Cement News

Indonesia's largest cement producer, Semen Indonesia, is buying the local business of LafargeHolcim for around US$940m. LafargeHolcim is disposing of its entire 80.6 per cent shareholding in Holcim Indonesia. The transaction will merge the operations of Indonesia's largest and third-largest players, representing a significant consolidation in the industry. PT Semen Indonesia currently holds 40.8 per cent of the market while PT Holcim Indonesia has a market share of 14.6 per cent. The deal ...

Semen Indonesia sees 9% rise in 4M18 group sales

22 May 2018, Published under Cement News

Semen Indonesia's export sales more than doubled in April to 279,945t from 118,401t in April 2017. Meanwhile, the company’s domestic cement sales remained largely stable in April at 2,116,468t. The group’s Vietnamese subsidiary, Than Long Cement JSC (TLCC), increased its sales by 3.1 per cent to 179,050t in April from 173,725t a year ago, while its exports advanced to 91,149t from 43,900t in April 2017. Total group sales in April 2018 rose by 8.7 per cent to 2,664,722t, up from 2,452,4...

Indonesia’s state-owned cement companies to increase efficiency

24 January 2018, Published under Cement News

State-owned cement producers in Indonesia have announced that they will continue with efficiency measures to improve their bottom line amid increasing competition and domestic oversupply. The country’s largest producer, PT Semen Indonesia, will pursue a more efficient production process this year following last year’s fall in profit, said the company’s President Director, Hendi Priyo Santoso. "We will control what we can control, such as our internal resources, to be more efficient," ...

Semen Indonesia sales volumes up 6% in September

02 November 2017, Published under Cement News

Semen Indonesia consolidated sales increased by 6.3 per cent YoY to 2,639,187t in September 2017. Volumes were primarily destined for the domestic market, which received 2,513,297t, an increase of 3.7 per cent when compared with the year-ago period. In addition, the cement producer saw its export sales more than double from 60,499t in September 2016 to 125,890t in September 2017. Of total domestic sales, Semen Padang accounted for 631,158t, Semen Tonasa 501,997t and Semen Indonesia 1,380,...

Semen Indonesia president director passes away

17 July 2017, Published under Cement News

Rizkan Chandra, president director of Semen Indonesia passed away on Saturday, 15 July following a short illness. Agung Wiharto, Semen Indonesia's corporate secretary confirmed the news to reporters. Mr Chandra, who was born in Jakarta on 27 January 1969, was serving as president director of the state-owned Semen Indoensia over the 2016-20 period.