Cement News tagged under: Semen Indonesia
Semen Indonesia Myanmar investment delays01 September 2014, Published under Cement NewsSemen 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 portfolio29 August 2014, Published under Cement NewsSemen 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 efforts25 August 2014, Published under Cement NewsSemen 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 203011 August 2014, Published under Cement NewsPT 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 Rembang11 August 2014, Published under Cement NewsIndonesia'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 capex07 August 2014, Published under Cement NewsSemen 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... |
Semen Indonesia increases Vietnam spend18 July 2014, Published under Cement NewsSemen Indonesia has increased the amount it plans to spend on its next Vietnamese acquisition as it sets its sights on a higher-capacity purchase. Speaking to the Jakarta Globe, president director Dwi Soetjipto said Semen Indonesia is looking to acquire a second Vietnamese producer with a production capacity of 2.5Mta involving an investment of IDR3trn (US$250m). Dwi added that this was an upward revision from the company’s earlier plan, which had allocated IDR1trn for the acquisition of a... |
Semen Indonesia to build East Java WHR facility16 July 2014, Published under Cement NewsSemen Indonesia is to invest in a IDR638bn (US$54.4m) waste heat power generation facility in East Java as the company looks to reduce costs and move towards more environmentally-friendly energy sources. The country’s leading cement producer is partnering with Japan’s JFE Engineering Corp for the 30.6MW plant, which will supply power to the company’s four lines at Tuban, East Java. The plant is scheduled to be completed by the end of 2016 and is expected to save Semen Indonesia up to 152MkW... |
Semen Indonesia provides loan to Gresik, Indonesia12 June 2014, Published under Cement NewsSemen Indonesia is to provide a IDR5trn loan (US$421.76m) to subsidiary Semen Gresik to partly finance the latter’s new cement plant in Central Java, according to an announcement posted on the Indonesia Stock Exchange. The loan agreement, which amounts to IDR5.07trn when taking interest into account, was signed on Monday. Semen Gresik is constructing an 8000tpd greenfield works situated just outside the city of Rembang in the northeastern part of central Java. The new factory is expecte... |
Semen Indonesia targets over 40Mta of capacity in 201710 June 2014, Published under Cement NewsSemen Indonesia targets over 40Mta of capacity over the next three years, as it continues to increase domestic capacity and seeks to expand into other Asian countries and beyond. This year the company targets capacity of 31.8Mt this year, according to its president Dwi Soetjipto. By 2016 Semen Indonesia will further expand its production capacity to 37.8Mt with new production facilities in West Sumatra and Central Java, Indonesia, Dwi added. Meanwhile, there will be an increase of 2... |