Cement News tagged under: Semen Indonesia

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Semen Indonesia lowers prices amid increased competition, weaker demand

26 June 2015, Published under Cement News

Semen Indonesia, the country's largest cement producer, has reduced cement selling prices by around 10 per cent this year and is looking to increase exports against a backdrop of heightened competition in a weaker demand environment. Following a presidential instruction in January this year calling on state-owned cement producers to lower their prices by IDR3000/bag, Semen Indonesia has so far adjusted its prices by around 10 per cent this year, the Jakarta Post reports. Cement prices had...

Semen Indonesia May sales down

12 June 2015, Published under Cement News

Indonesia's largest cement maker, PT Semen Indonesia Tbk, said its sales in May were down 13.9 per cent from the last year at 1.98Mt, Indonesia Finance Today reported, quoting the firm's investor relations officer Anto Brilianto. The cement producer sold 9.91Mt of cement in the first five months of 2015, down 5.3 per cent from 10.47Mt during the same period last year.

Semen Indonesia reportedly plans US$340.2m Aceh plant

01 June 2015, Published under Cement News

Indonesia's largest cement maker, PT Semen Indonesia Tbk , plans to build a new plant in Aceh worth IDR4.5trn (US$340.2m), Investor Daily reported, quoting Corporate Secretary Agung Wiharto. The construction will start in 2016 or 2017 and the plant will have a production capacity of 3Mta, according to the report.

Indonesian consumption contracts in April

12 May 2015, Published under Cement News

Following a disappointing performance over the first three months of this year, there's still no recovery in sight for Indonesian cement consumption as latest figures show demand contracted again in April. After registering a 3.2 per cent drop YoY in 1Q15, last month demand was down by 1.1 per cent to 4.47Mt. However, the pace of decline eased from the 6.2 and 6.4 per cent reductions recorded in February and March 2015, respectively. Year-to-date update For the first four months of 2...

Semen 1Q profit hit by lower prices

30 April 2015, Published under Cement News

Indonesia's biggest cement producer, PT Semen Indonesia Tbk, posted a 8.5 per cent drop in first-quarter net profit from a year earlier on the back of lower selling prices and weaker domestic demand. The state-owned company reported net profit of IDR1.19trn (US$91.82m) for the three months ended March, down from IDR1.30trn for the corresponding period a year earlier. “The company’s performance for the first quarter was affected by the decrease in selling prices in mid January, and wea...

Semen Indonesia eyeing another Vietnamese acquisition

21 April 2015, Published under Cement News

Semen Indonesia is looking to acquire a second cement producer in Vietnam to further bolster its presence in the southeast Asian country. Director of finance Ahyanizzaman said Semen Indonesia had assigned a total capital expenditure of between IDR7trn (US$545.8m) and IDR11trn this year to boost its operations, which includes the takeover of the Vietnamese company. He said that the firm was now implementing a due diligence audit on the Vietnamese company which would be completed by the end...

Court rules on Semen Indonesia Rembang mining activities

20 April 2015, Published under Cement News

The Semarang (Central Java Province) State Administrative Court (PTUN) on Thursday ruled on the legality of the local government’s decision to allow PT Semen Indonesia to start mining activities in the area of its new cement plant project in Rembang, North Central Java. The ruling stated that PT Semen Indonesia could operate in the area. Prior to the ruling, strong protest rallies were held against the construction of SI's planned cement factory in Rembang. The protesters were claiming  th...

Semen Indonesia studying feasibility of new West Java plant

07 April 2015, Published under Cement News

Semen Indonesia is carrying out a feasibility study for a new production facility in West Java, Investor Daily reported, quoting the company's business development and strategy director, Rizkan Chandra. The study is expected to be complete by December. Projects under construction for the Semen Indonesia group include Semen Padang’s 3Mta Line 6 at the Indurang works (due to be completed in 2016). Semen Gresik, also part of the Semen Indonesia group of companies, is constructing a 3Mta integr...

Semen Indonesia targets higher 2015 revenue and profit

05 March 2015, Published under Cement News

Semen Indonesia is targeting a 2015 profit of IDR5.93trn (US$456m), up from IDR5.56trn in 2014, the Kontan newspaper reported, quoting Ahyanizzaman, Semen Indonesia's finance director. The country’s largest cement maker, according to its recently published financial result, saw its 2014 net profit up slightly by 3.53 per cent from IDR 5.37trn (US$413.43m) in 2013. Semen Indonesia investor relations head Agung Wiharto said Tuesday that despite a 10.16 percent YoY increase in revenue to IDR2...

Semen Indonesia

03 February 2015, Published under Cement News

PT Semen Indonesia has revealed plans to spend IDR7-9trn on capital expenditure in 2015, up by IDR3trn on 2014’s figure. Around IDR5trn has been earmarked for two new plants, one in Rembang in Central Java, which is due to start operations in 4Q16, and another in Indarung in West Sumatra, which is due to begin production in 1H16. The two new plants will add 6Mta capacity to the company’s current 31.8Mta. An additional IDR1-2trn has been allocated for upgrading packing plants with a further I...