Cement News tagged under: Semen Indonesia

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Semen Indonesia full-year net profit falls

24 February 2016, Published under Cement News

PT Semen Indonesia Tbk reported an 18.7 per cent drop in 2015 net profit to IDR4.52trn (US$336.56m) versus IDR5.56trn a year earlier. In its financial report published Tuesday, the company's 2015 revenues totalled IDR26.95trn, virtually flat from the IDR26.99trn in 2014 amid sluggish demand. The company's president director Suparni attributed the fall in net profits to the increase in electricity and distribution costs, as well as the depreciation of the rupiah against the US dollar, lo...

Indonesia: exports offset slower domestic sales

22 January 2016, Published under Cement News

Cement industry statistics show that full-year 2015 consumption in Indonesia increased by 0.8 per cent YoY to 60.4Mt, while including exports, sales were up by 2.1 per cent to 61.448Mt. While December 2015 showed a rise in Indonesian sales (+2 per cent including exports) the full-year figures are only modestly higher due to the poor sales in the earlier months of 2015. Exports (with a full-year increase of +209.9 per cent) offset relatively slow domestic sales. The country's largest c...

Rembang construction on course for 3Q16 completion

24 December 2015, Published under Cement News

Construction of Semen Indonesia's Rembang cement plant in Central Java, Indonesia, is set to be completed by August 2016, local news agency ANTARA has reported. "We are optimistic that the construction of the Rembang cement plant would be completed in August 2016. In fact, the existing equipment is already capable of starting to process the cement," according to Semen Indonesia's Rembang Project Manager Ari Wardhana. Earlier this month, PT Semen Indonesia CEO Suparni, stated that the state...

Indonesia October sales support full-year forecast

02 December 2015, Published under Cement News

Indonesian consumption figures in October 2015 showed a huge sales volume gain over the same month of the previous year, but year-to-date figures are just slightly higher due to poor sales during the earlier months of this year. Domestic demand rose by 10.2 per cent YoY in October 2015 to 6.348Mt. Meanwhile, cement exports were 57,000t (+694.1 per cent) and clinker exports doubled to 56,000t. Total sales (domestic plus exports) during the month were 6.421Mt – translating to a rise of 1...

Semen Indonesia to commission new packing plant

13 November 2015, Published under Cement News

PT Semen Indonesia will commission a new cement packing plant in Pontianak, West Kalimantan, sales department chief of the state company Bambang Djoko told local press. "The packing plant will strengthen the position of Semen Indonesia in cement industry in West Kalimantan and in the country in general. Currently the company has a 35 per cent share of cement market in the province," Bambang Djoko said. "Infrastructure development in Pontianak and West Kalimantan in general has been especi...

Estanda completes Semen Indonesia project

28 October 2015, Published under Cement News

Estanda has finished supplying and installing an outlet diaphragm for a cement mill for the Semen Indonesia cement group. The outlet diaphragm was installed for the A line (CM-A), with a mill diameter of 3.8m. This follows the previous delivery to the plant of an outlet diaphragm for the cement grinding line B (CM-B) and a third new outlet diaphragm for the C line cement mill is also in the process of being manufactured. The overall aim of the project is to improve the material flow in the...

State-owned Indonesia producers plan Kupang plant

16 October 2015, Published under Cement News

State-owned Indonesian cement producers PT Semen Indonesia and PT Semen Kupang are planning to build a new cement factory in Kupang, in the eastern province of East Nusa Tenggara . The plant involves an investment of IDR2.5trn (US$185.19m) and will have a capacity of 1.5Mta, according to local press reports. The Heads of Agreement (HoA) document was signed by both companies on Thursday. Groundbreaking for the new works is slated for 2016. Agung Wiiharto, corporate secretary of Semen Indon...

Semen Indonesia's profit may ease this year

27 August 2015, Published under Cement News

Semen Indonesia expects its net profit to drop this year as slowing demand and rising costs put pressure on the company's margin. "We expect revenue to be maintained [at the same level as last year's]. However, our EBITDA margin might be squeezed by around three per cent and our profit might be lower by about two per cent," Semen Indonesia president director Suparni told the Jakarta Post. Suparni told reporters on Tuesday that while he was upbeat infrastructure projects would progress i...

Semen Indonesia to spend up to IDR1trn on buy-back

26 August 2015, Published under Cement News

Semen Indonesia said it plans to buy back up to IDR1trn (US$70.85m) of its shares as their market value has fallen. "In the near future we will do buy-back because we don't want to lose the momentum," Ahyanizzaman, finance director at Semen Indonesia, told Reuters on Wednesday, adding that the company has yet to appoint the broker that will conduct the buyback. Shares of the cement maker have fallen by more than 50 per cent this year on a slowing Indonesian economy and rising competition. ...

Semen Indonesia may review expansion plans amid slow demand environment

12 August 2015, Published under Cement News

Semen Indonesia has said it may review some planned expansion projects amid sluggish domestic cement demand, according to a senior company executive. “We will probably be accelerating the projects that have already started construction, but for other projects, like our regional expansion and the packing plant, we may adjust the plans,” said Ahyanizzaman, finance director at Semen Indonesia told the Jakarta Globe. “Our biggest investments are the Rembang plant and the Indarung plant. We’re...