Cement News tagged under: Semen Indonesia
Semen Indonesia to commission new packing plant13 November 2015, Published under Cement NewsPT 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 project28 October 2015, Published under Cement NewsEstanda 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 plant16 October 2015, Published under Cement NewsState-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 year27 August 2015, Published under Cement NewsSemen 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-back26 August 2015, Published under Cement NewsSemen 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 environment12 August 2015, Published under Cement NewsSemen 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... |
Semen Indonesia lowers prices amid increased competition, weaker demand26 June 2015, Published under Cement NewsSemen 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 down12 June 2015, Published under Cement NewsIndonesia'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 plant01 June 2015, Published under Cement NewsIndonesia'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 April12 May 2015, Published under Cement NewsFollowing 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... |