Cement News tagged under: Semen Indonesia

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Semen Indonesia targets seven per cent sales growth

26 January 2015, Published under Cement News

Semen Indonesia is targeting sales growth of around seven per cent this year, despite a cut in the price of the construction material for state-run enterprises initiated by the government last week. Semen Indonesia’s new president, Suparni, said the company is targeting production of 30Mt and hopes for an increase over 2014, when volume rose three YoY to 28.5Mt. That figure included 2.3Mt produced by Thang Long Cement, a Vietnamese company acquired by Semen Indonesia in 2013. The Indon...

Semen Indonesia's Myanmar investment discussions still ongoing

16 January 2015, Published under Cement News

Semen Indonesia may withdraw from plans to invest in Myanmar if the company and its local partner fail to reach an amicable agreement over the partnership deal, a company executive has told the Jakarta Post. Last year the state-owned Indonesian cement firm said it had decided to postpone its plan to acquire a cement firm in Myanmar after it missed its mid-year deadline to conclude negotiations. Agung Wiharto, Semen Indonesia corporate secretary has now told local press that his company...

Indonesia: Rembang protests continue

22 December 2014, Published under Cement News

Residents of the Rembang regency in Central Java, Indonesia, are continuing to protest against the planned construction of Semen Indonesia's greenfield plant in the area, according to the Jakarta Post. The report states that last week, hundreds of residents staged a rally in front of the governor's office on Jl Pahlawan, Semarang, protesting against the development of the 8000tpd factory. The protesters arrived in tens of open trucks and were grouped under the Central Java Food Sovereignty ...

Semen Indonesia seeks loan for Aceh plant construction

09 December 2014, Published under Cement News

PT Semen Indonesia is seeking loans worth IDR2.2-3.1trn (US$178m-251m) to build a new cement factory in Aceh province, at the northern end of Sumatra, Kontan newspaper reported citing Finance Director Ahyanizzaman. The new facility is expected to have a capacity of around 3Mta to meet increasing consumption in Aceh, Medan, Dumai and Riau. Construction is slated to begin in the first half of 2015.

Lawyer defends Semen Indonesia's Rembang plant, Indonesia

21 November 2014, Published under Cement News

Noted lawyer Adnan Buyung Nasution, who is legally representing PT Semen Indonesia, is trying to bring together stakeholders to realise the construction of a cement plant in Rembang, Central Java. "We hope that those who rejected the planned construction of the cement plant will not regard the project as detrimental to residents or as bringing negative impacts, but look at it as a joint interest," the Jakarta Post quoted Adnan as saying. Adnan added that PT Semen Indonesia wanted to sit t...

Semen Indonesia eyes Than Long expansion project, Vietnam

13 November 2014, Published under Cement News

Semen Indonesia is reportedly preparing to double capacity of the Thang Long Cement Plant in Vietnam with the construction of a second line, according to local news reports. Indonesia’s largest cement producer acquired a 70 per cent stake in the Vietnamese cement works back in 2012. Its 2.3Mta cement works is situated in the northeastern province of Quang Ninh’s Hoanh Bo district and located near to the Cai Lan deepwater port. The acquisition has since proved fruitful for Semen Indonesi...

Semen Indonesia seeking IDR1-2trn banking loans

05 November 2014, Published under Cement News

PT Semen Indonesia Tbk is seeking banking loans of IDR1-2trn (US$82.1-164.3m) to finance its 2015 capital expenditure of IDR5trn, said Corporate Secretary Agung Wiharto. (Source: Reuters)

Semen Indonesia 9M14 profit up 4.9%

31 October 2014, Published under Cement News

Semen Indonesia, the country's leading cement producer, recorded a net profit of IDR4.09trn (US$336.3m) in the first nine months of this year, a 4.9 per cent increase from the IDR3.9trn recorded a year earlier. The state-owned producer’s revenues surged by 10.9 per cent during the January to September period to IDR19.3trn from IDR17.4trn in the same period of last year. However, a foreign exchange loss of IDR56.3bn as of the third quarter of this year, more than a double from IDR22.6bn in ...

Semen Indonesia starts Tuban WHR plant construction

24 October 2014, Published under Cement News

Semen Indonesia has commenced the construction of a 30.6MW power plant at its Tuban cement works to reduce the company’s electricity costs. Using heat from the cement production process, the waste heat recovery plant represents an investment of IDR638bn (US53m). The project is expected to be completed in 26 months’ time with the plant due to come online in 2H16. In 2013 Semen Indonesia signed a memorandum of understanding (MoU) with Japan-based JFE Engineering Corporation for the WHRS ...

Semen Indonesia set to acquire land for new Papua plant

13 October 2014, Published under Cement News

PT Semen Indonesia will soon acquire 500ha of land in West Papua for the construction of a cement plant at a cost of around US$150m. Semen Indonesia corporate secretary Agung Wiharto told the Jakarta Post that the firm would sign a memorandum of understanding (MoU) later this year to procure the land for the first cement factory in the province. "For a capacity of around 1Mta, we might need around 500ha," Agung said. Construction of the new plant is expected to begin in 2015. The new plant...