Cement News tagged under: Semen Indonesia

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Semen Indonesia gears up for further expansion

24 July 2013, Published under Cement News

Semen 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 downgraded

18 July 2013, Published under Cement News

Bahana 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 sales

17 July 2013, Published under Cement News

PT 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 slows

03 July 2013, Published under Cement News

Indonesian 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...

Semen Indonesia

02 July 2013, Published under Cement News

Cement sales by PT Semen Indonesia from January to May 2013 have jumped 17 per cent to 10Mt, up from 8.51Mt in the same period last year. This comes on the back of strong domestic demand that has already grown by 12 per cent so far this year. According to the National Cement Industry Association, overall demand, which stood at 60Mt in 2012, is expected to grow by 8-10 per cent in 2013. In 2012, the company recorded a 14.7 per cent increase in sales, exceeding the country’s average increase o...

Mixed first-quarter results for Indonesia's top three

06 May 2013, Published under Cement News

Indonesia's top three cement producers have posted a mixed set of results for 1Q13, as Semen Indonesia and PT Indocement report a rise in net profits but Holcim Indonesia feels the pinch from an increasingly competitive market. The country's largest cement producer, state-owned PT Semen Indonesia reported a 22.3 per cent increase in net profit to IDR1.24trn in the first three months of this year, thanks to a 20.4 per cent rise in sales volumes to 4.94Mt. The state-owned cement producer en...

Capacity increases boost Semen Indonesia's first-quarter sales

12 April 2013, Published under Cement News

Semen Indonesia, the country’s largest cement producer, has reported a double-digit rise in first quarter sales and has increased its market share thanks to new capacity additions. The company achieved record quarterly sales of 5.95Mt of cement in 1Q13, a rise of 20.4 per cent compared to 4.94Mt in the same period of last year, data from the Indonesian Cement Association (ASI) shows. The rise was in line with increased sales across the Southeast Asian country, which increased by 8.6 pe...

Semen Indonesia to conduct equipment tenders for two new projects

22 February 2013, Published under Cement News

PT Semen Indonesia is to conduct tenders this year for the procurement of equipment for two new projects. The company is to add another line at its Padang works on Sumatra and will is also set to construct a new plant in Rembang (Central Java). According to Semen Indonesia’s director of finance, Ahyanizzaman, the equipment will most likely come from Europe. The tender for the new Padang line will be conducted in the first half of 2013, while the Rembang one is expected in the second ha...

Semen Indonesia set to start construction of new Rembang plant

18 February 2013, Published under Cement News

Semen Indonesia is set to start construction of a new 2.5Mta cement factory in Rembang, Central Java, according to local press reports. “The construction of the plant will be started in the first quarter of 2013 and will go on until the first quarter of 2016,” Dwi Soetjipto told local news portal Liputan 6.com which was later reprinted in the Jakarta Globe. According to Dwi, the civil work, installation of equipment as well as electrical systems will be carried out by domestic contract...

Semen Indonesia inaugurates Papua packing plant

29 January 2013, Published under Cement News

Semen Indonesia (formerly Gresik) has inaugurated a new packing plant in West Papua, Indonesia. Situated in Sorong and involving an investment of IDR162trn, the new terminal has a capacity of 2200 bags per hour with a cement bulk capacity of 120tpa. The plant is supported by a jetty capable of handling vessels of 10,000dwt.  “This will further strengthen the company's existence and business expansion in Papua. This is part of our strategy to get closer to consumers”, the company said in a...