Cement News tagged under: Semen Indonesia

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Semen Indonesia eyes Papua plant construction

17 September 2014, Published under Cement News

PT Semen Indonesia is considering the possibility of constructing a cement plant in Papua to meet demand potential in the country’s eastern-most province and reduce distribution and logistic costs. Dwi Soetjipto, Semen Indonesia president director, told local press that the plant would either be located in Jayapura or Manokwari, the two largest cities in proximity to a limestone quarry. "We hope the study can conclude soon so that we can include the investment needed for the plant in o...

CIMB upgrades Semen Indonesia

14 September 2014, Published under Cement News

Analysts at CIMB has upgraded Semen Indonesia to an add rating and lifted its target price from IDR17400 (US$1.46) to IDR18300 following a substantial government-mandated increase to dividend payouts of cash-generative state-owned enterprises. "While it remains to be seen if such high payout would continue into 2016, Semen Indonesia can afford to do so if asked, in our calculation, with marginal impact on profit-and-loss and balance sheets," CIMB writes. It calculates that the company'...

Semen Indonesia looks to serve growing Papua market

05 September 2014, Published under Cement News

Semen Indonesia is looking to further cater the Papua area of Indonesia, one of the fastest-growing markets in the country. Company President Director, Dwi Soetjipto, told the Jakarta Post that Papua and Maluku have been recording strong levels of growth, rising from 1.22Mt in 2012 from 760,000t in 2011.  Dwi said that most cement demand in Papua was for the construction of various buildings, including housing and offices, and was in line with the area's surging economic growth. To cater t...

Semen Indonesia closing in on Bangladesh acquisition

02 September 2014, Published under Cement News

PT Semen Indonesia is trying to complete the acquisition of a Bangladesh cement company in the near future, said PT Semen Indonesia's Director of Business Development and Strategy, Johan Samudra. “As a business, the acquisition of the Bangladesh cement company is the best opportunity to be closing soon, and we have to be the majority shareholder,” he told the President Post on the sidelines of the State Owned Enterprises Forum in Jakarta last week. Samudra added that there is the possibilit...

Semen Indonesia Myanmar investment delays

01 September 2014, Published under Cement News

Semen Indonesia may have to postpone expansion into Myanmar until next year due to prolonged negotiations with its local partner, a company executive told the Jakarta Post. Finance director Ahyanizzam said that despite a suitable partner having been found, discussions regarding the ownership of the joint venture have not proceeded as expected. "We initially planned to enter Myanmar to become a major shareholder in a joint venture and acquire a company. We've found a suitable partner but neg...

Semen Indonesia looks to diversify business portfolio

29 August 2014, Published under Cement News

Semen Indonesia is exploring potential in non-cement related industries as it looks to diversify its business portfolio, with the property business first on its list. Company finance director Ahyanizzam told reports on Thursday that the firm is looking to invest IDR200bn (US$17.1m) to establish a subsidiary focussed on the property business.  Its first project will be to develop a 200ha plot of land in Gresik, East Java, into a township, the Jakarta Post reported. State-run constructio...

Semen Indonesia recognised for renewable energy efforts

25 August 2014, Published under Cement News

Semen Indonesia has won an award from the country's Energy and Mineral Resources Ministry in recognition of its renewable energy efforts. PT Semen Indonesia group companies, including Semen Padang and Semen Tonasa, have been using biomass as alternative energy source to replace coal and reduce electrical energy in stages. "The award has confirmed the commitment of Semen Indonesia in implementing a concept of sustainable business," said Semen Indonesia president director Dwi Soetjipto. ...

Semen Indonesia to expand to 72.9Mta by 2030

11 August 2014, Published under Cement News

PT Semen Indonesia said that it intends to expand its production capacity to 72.9Mta by 2030. As a result, output potential would more than double its present capacity of 31.8Mta, according to Dwi Soetjipto, Semen Indonesia's president director. The higher capacity would be achieved through building more plants or acquire the works of other cement producers, he added. "In 2014, the company has carried out strategic preparations for further expansion. The process of groundbreaking has bee...

Semen Gresik orders new silos for Rembang

11 August 2014, Published under Cement News

Indonesia's Semen Gresik has ordered three new cement storage silos from Claudius Peters for its new integrated works at Rembang, Central Java. Claudius Peters will be supplying three expansion chamber storage silos with a diameter of 24m and a volume of 20,000t each. Cement will be discharged into two mobile VME-type bulk loading stations underneath each silo. Separate aeroslide transport to the packing plant is also included in the contract. The new cement storage silos will be inte...

Semen Indonesia outlines 2015 capex

07 August 2014, Published under Cement News

Semen Indonesia has earmarked US$500m in capex next year in anticipation of an increase in infrastructure projects over the next five years, its president director has said. Dwi Soetjipto told the Jakarta Post that the state-owned cement producer will use the investments to build or upgrade cement plants and to improve the company’s distribution network. Dwi added that the company aims to produce 40Mta of cement by 2017. He expects demand to jump over the 2014-19 period due to infrastruct...