Cement News tagged under: Semen Indonesia

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Semen Indonesia increases Vietnam spend

18 July 2014, Published under Cement News

Semen 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 facility

16 July 2014, Published under Cement News

Semen 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, Indonesia

12 June 2014, Published under Cement News

Semen 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 2017

10 June 2014, Published under Cement News

Semen 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...

Semen Indonesia targets Bangladesh acquisition

03 June 2014, Published under Cement News

Semen Indonesia is looking to acquire a cement plant in Bangladesh to strengthen its position in the Asian market. President director, Dwi Soetjipto, told local press that it hopes to complete the purchase later this year or early in 2015. The factory in question is reported to have a capacity of 06.-1Mta. It is also planning to strengthen its regional grip by acquiring a cement company in Myanmar, the process of which is expected to be completed in July. In 2012, Semen Indoensia make it...

Semen Indonesia inaugurates Banjarmasin packing plant

07 March 2014, Published under Cement News

Semen Indonesia has inaugurated a new cement packing plant in Banjarmasin, South Kalimantan, taking the company’s total number of packing facilities to 23. The plant is estimated to have cost IDR120bn (US$10m), the company said in a statement posted on its website on Thursday. It has a cement silo equipped with two lines capable of packing 2200 bags per hour, the statement said. The new facility will also be equipped with a port that can unload at 300tph which is set to begin operations in...

Semen Indonesia net income rises 11% YoY

25 February 2014, Published under Cement News

Net income at Semen Indonesia rose 11 per cent in 2013 to IDR5.37trn (US$462m) from a year earlier as the company boosts sales through expansion and strengthens its market position. A 24.5 per cent increase in sales to IDR24.5trn was recorded by Indonesia's largest cement producer last year. Domestic shipments rose 3.2 per cent to 25.4Mt. The surge in sales helped boost market share to 44 per cent last year from 41 per cent in 2012. The company has recently expanded its Indarung plant in...

Indonesian president inaugurates Tonasa V project

19 February 2014, Published under Cement News

President Susilo Bambang Yudhoyono of Indonesia has officially inaugurated Semen Tonasa’s Line V project and power plant in Pangkajene Island District, South Sulawesi. Semen Tonasa, which is part of Semen Indonesia group of companies, invested US$289m in this fifth line which has a capacity of 8000tpd. The project has added 2.5Mta of volumes to Tonasa’s cement portfolio, bringing its  total capacity to 7Mta. New equipment, supplied by some of Europe’s leading technology providers, spanned r...

Semen Indonesia plans IDR4trn capex in 2014

30 January 2014, Published under Cement News

Semen Indonesia plans to spend IDR4trn (US$328.81m) to construct two plants in Rembang (Central Java) and Indarung (West Sumatra), the company’s CEO, Dwi Sutjipto, has said. Indonesia’s largest cement producer also plans to improve its distribution capabilities by establishing packaging factories in Balikpapan, Pontianak and North Sulawesi. Last year the company registered a net profit of more than IDR5.7trn, up 16 per cent YoY. Looking ahead, Semen Indonesia has said it is optimistic t...

Semen Indonesia in joint venture talks

24 January 2014, Published under Cement News

Semen Indonesia is in early talks to establish joint ventures with three potential partners, the company’s president director, Dwi Soetjipto, has revealed. Speaking to local press, Dwi said that three investors have “declared their interest to create joint ventures with Semen Indonesia,” including investors from Indonesia and overseas. Indonesia’s leading cement producer is still reviewing the proposals and has yet to make a decision on whether the partnerships would be the right strat...