Cement News tagged under: Semen Indonesia

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Indonesia: sustaining profitability

19 May 2017, Published under Cement News

Weaker-than-expected growth in Indonesian cement consumption and fierce competitive pressures have led to a tough pricing environment, resulting in local producers looking to mitigate the impact of a challenging market. However, latest volume data by the Indonesian Cement Association (ASI) reveal strong domestic and export sales for the month of April, but can this recovery be sustained? Domestic cement consumption in 2016 was virtually flat (+0.1 per cent) compared to the previous...

Semen Indonesia plans to raise IDR3tn from bond sale

16 May 2017, Published under Cement News

Semen Indonesia has announced a plan to raise IDR3trn (US$225.6m) from a bond sale to refinance debt of its subsidiary PT Semen Tonasa and increase working capital, according to local press reports. The bond, with a five-year tenure and eight per cent to 8.8 per cent annual coupon rate, is the first tranche of its planned bond issuance under the shelf registered scheme totalling IDR8trn in the next few years. "With the optimism that the economy will be better in 2018, we have decided t...

Semen Indonesia Rembang plant ready for 1H17 start

19 April 2017, Published under Cement News

Semen Indonesia has said it will commence production from its cement plant in Rembang, Central Java, in the first half of 2017. Company president director, Rizkan Chandra, said the cement producer respects the results of a meeting held at the Presidential Staff Office in Jakarta last week. “In view of the results of the meeting, as the remaining issue was [to address] Watuputih CAT [groundwater basin], Semen Indonesia will begin production in Rembang. We expect to start commercial opera...

Indonesia: changing perspectives

10 April 2017, Published under Cement News

Following high capacity utilisation rates and the prospect of market growth going forward, the decade running up to 2015 looked promising for Indonesian cement producers. However, as capacity expansions were implemented, economic growth faltered and cement demand slowed in 2015-16. Forecasts for 2017 are somewhat more optimistic, but the past few years have required domestic cement producers to change their perspective. B y Sinarmas Sekuritas, Indonesia. The slowdown in ceme...

Semen Indonesia approves 2016 cash dividends

03 April 2017, Published under Cement News

State-owned cement manufacturer Semen Indonesia will distribute cash dividends worth IDR304.92/share from its 2016 fiscal year. The total dividends that will be distributed amount to IDR1.8trn, or the equivalent of 40 per cent of the company’s 2016 net profit of IDR4.52trn. Rizkan Chandra, president director of Semen Indonesia, said the dividend plan was approved by the company’s shareholders during an annual meeting in Jakarta on 31 March 2017. He added that Semen Indonesia will set as...

Semen Indonesia appoints former intelligence chief Sutiyoso

03 April 2017, Published under Cement News

PT Semen Indonesia has appointed former Jakarta governor and State Intelligence Agency (BIN) director, Sutiyoso, its president commissioner. Sutiyoso served as BIN chief under President Joko Widodo’s administration and previously led the Indonesian Justice and Unity Party (PKPI). The appointment comes at a time of public protest against the building of the company’s new factory in Rembang, Central Java.

BlackGold Natural Resources Ltd completes first coal delivery to Semen Padang, Indonesia

29 March 2017, Published under Cement News

BlackGold Natural Resources Ltd announced that its subsidiary, PT Samantaka Batubara has successfully completed its first coal delivery to Indonesian producer Semen Padang. The purchase order from Padang has an approximate value of US$12.6m which BlackGold expects to complete periodically within the next 10 months. The first delivery of coal to Semen Padang was completed on 24 March 2017 and delivery by a second fleet of trucks is expected to commence by April 2017. "We are very pleased wi...

Semen Indonesia postpones Rembang opening

22 March 2017, Published under Cement News

Publicly-listed cement manufacturer PT Semen Indonesia (SI) has decided to postpone the initial launch of its new production facility in Rembang, Central Java, for several months due to a prolonged dispute with the local community. “[The facility] will start commercial operation in either May or June. We are not in a hurry,” SI corporate secretary Agung Wiharto said as quoted by kontan.co.id on Monday. The production facility was initially scheduled to start operating in April.

Indonesia: Kupang Cement to start work on new Kupang plant

21 February 2017, Published under Cement News

Kupang Cement Indonesia's third factory in Kupang will soon be realised, according to the Governor of East Nusa Tenggara, Frans Lebu Raya. "The preparation phase has been completed. The groundbreaking ceremony is scheduled to be held on 10 March this year," he informed ANTARA in Kupang, Monday. He further stated that the new IDR2trn (US$1.49bn) plant will have a 1.5Mta cement capacity and will be built in the Bolok Industrial District. The construction will take approximately three yea...

Semen Indonesia halts Rembang construction

20 January 2017, Published under Cement News

Semen Indonesia has halted the construction of its plant in Rembang, Central Java, following the provincial government's revocation of the plant's environmental licence on 16 January. The company said it has complied with the government ruling despite having completed nearly 99 per cent of the plant. It is taking steps to submit certain required documents, such as an environmental impact analysis, required to obtain a new environmental licence.