Cement News tagged under: Semen Indonesia
PT Semen Indonesia02 December 2013, Published under Cement NewsPT Semen Indonesia has posted a 15.2 per cent rise in net profits in 9M13 to IDR3.91trn (US$352m), compared to the same period last year. This comes despite higher costs including a 31.5 per cent jump in revenue costs to IDR9.55trn and an equal rise in selling expenses to IDR1.59trn. Net income was up 18 per cent in 9M13 with gross income jumping 21 per cent to IDR5.1trn. With Indonesia’s economy predicted to grow by 5.9 per cent this year, the government plans to boost infrastructure inc... |
Semen Indonesia sets 2014 capex target at IDR6trn28 November 2013, Published under Cement NewsPT Semen Indonesia said it requires IDR6trn (US$508m) capital expenditure for expansion in 2014, the company’s president director has said. Speaking to local media, Dwi Soetjipto, said Indonesia's largest cement producer had between IDR4trn-5trn. “The available capex currently does not include expansion plans in Myanmar and Bangladesh. To do that, we need a total of IDR6trn,” Dwi Soetjipto, said as quoted by Kontan.co.id. Soetjipto added that Indonesia's largest cement producer currentl... |
Semen Padang plans new packing plant, Indonesia28 October 2013, Published under Cement NewsSemen Indonesia group company Semen Padang plans to build a new packing plant at a site close to Pulau Baai port in Bengkulu at a cost of IDR100bn (US$920,000). "We have already earmarked IDR100bn to build a packing factory for Semen Padang near the Pualu Baai port in Bengkulu in 2014," the company's marketing director Benny Wendry told the Jakarta Post. The project is pending approval from the board of directors. Should the green light be given, the project should start early next year and... |
Semen Indonesia sees robust sales rise14 October 2013, Published under Cement NewsSemen Indonesia has announced that its sales increased to 18.5Mt in the first nine months of the year, 15.6 per cent higher than the same period of last year including a notable rise in exports. Most sales derived from holding company Semen Indonesia (9.5Mt), followed by its subsidiaries Semen Padang (5Mt) and Semen Tonasa (3.95Mt). Sales increased by 17.5, 6.6 and 24.2 per cent respectively compared to the January-September period of 2012. Semen Indonesia exported as many as 268,200t,... |
Semen Indonesia to launch new packing plant20 September 2013, Published under Cement NewsA new packaging terminal being built by Semen Indonesia in Banjarmasin, South Kalimantan, will be ready in the next quarter and forms part of a strategy to position the company closer to end-markets and reduce logistical costs. Around 80 per cent of the plant’s construction had been completed by August and the new plant is expected to be opened in the fourth quarter of 2013, according to company president director Dwi Soetjipto. The new US$10.4m facility will have a 600,00t silo and i... |
Semen Indonesia sees 16% YoY rise in Jan-Aug 2013 cement sales17 September 2013, Published under Cement NewsSemen Indonesia reported a 16 per cent increase in cement sales for the first eight months of this year to 16Mt, as the country's largest producer sees market share increase on the back of new volumes. Domestic shipments increased by 15 per cent YoY to 15.8Mt while exports rose 373 per cent to 191Mt. Dwi Soetjipto, president director of Semen Indonesia, said the rise in sales was also supported by operations of two new lines, Tuban IV and Tonasa V. Over the Jan-August 2013 period, the ... |
Semen Indonesia gears up for further expansion24 July 2013, Published under Cement NewsSemen Indonesia is lining up investments that could hit the IDR20trn (US$2bn) mark over the next three years to further increase capacity and boost operations. “We’re thinking ahead, so we can continue to increase our cement production and performance. Our investment into 2016 could reach IDR20trn in total.” Semen Indonesia’s finance director told the Jakarta Globe. Ahyanizzaman said the funding will be prepared and invested in stages. This year, the state-owned enterprise has set aside... |
PT Semen Indonesia downgraded18 July 2013, Published under Cement NewsBahana Securities downgraded cement maker PT Semen Indonesia to "hold" from "buy", saying the slowdown in the property market and higher cost of goods sold (COGS) translated to limited share price upside. "Although we believe SMGR will continue benefiting from growing domestic cement volumes, slowdown in property market due to financing constraints may potentially lower volume growth target," Bahana analyst Teguh Hartanto said in a note on Wednesday. The research house said it does not ... |
New capacity boosts Semen Tonasa sales17 July 2013, Published under Cement NewsPT Semen Tonasa reported a 137 per cent YoY rise in first-half sales to 2.78Mt compared to the same period of last year. Sales of the company, which is part of the Semen Indonesia group, have increased in line with growing production output which has risen following the operation of Tonasa’s 2.5Mta Kiln Line 5. However, Tonasa’s President Director, Andi Unggul Attas, said sales in eastern Indonesia only grew by 8.3 per cent in the first six months of this year compared to 23.4 per cen... |
Indonesia sales growth slows03 July 2013, Published under Cement NewsIndonesian cement sales during the month of May rose at their slowest pace for 17 months as all regions outside Java and Sulawesi registered declines. Following an 8.6 per cent rise in April, nationwide sales during May increased by 2.1 per cent to 4.7Mt, latest data from the country’s leading cement producer Semen Indonesia shows. Sales in Java, which accounts for 55 per cent of the local market, rose by 5.3 per cent to 2.8Mt. On the island of Sulawesi dispatches also increased 12 per... |