Cement News tagged under: Semen Indonesia
Semen Indonesia mandates 5 banks for US$1.3bn bridge loan03 December 2018, Published under Cement NewsSemen 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 unit13 November 2018, Published under Cement NewsIndonesia'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 sales22 May 2018, Published under Cement NewsSemen 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 efficiency24 January 2018, Published under Cement NewsState-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 September02 November 2017, Published under Cement NewsSemen 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 away17 July 2017, Published under Cement NewsRizkan 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. |
Indonesia: sustaining profitability19 May 2017, Published under Cement NewsWeaker-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 sale16 May 2017, Published under Cement NewsSemen 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 start19 April 2017, Published under Cement NewsSemen 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 perspectives10 April 2017, Published under Cement NewsFollowing 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... |