Semen Indonesia records 4Q20 results earnings of IDR1.25trn
PT Semen Indonesia (SMGR) booked 4Q20 earnings of IDR1.25trn (US$87.5m), up 35 per cent YoY, bringing 2020 earnings to IDR2.8trn, a rise of 17 per cent YoY, helped by lower inte...
Indonesia
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Two Indonesian producers expect 3-4% cement volume increase in 2021
PT Semen Indonesia (SMGR ) and Indocement Tunggal Prakarsa (INTP) expect domestic cement volume to grow 3-4 per cent YoY in 2021. This could be achieved through a recovery in bu...
All of SIG’s cement plants now operate on alternative fuels
PT Semen Indonesia Tbk (SMGR) has released a goal of getting all of its cement plants to operate on alternative fuel. This effort will also support the government’s aim of reduc...
Taiheiyo signs capital investment agreement in Solusi Bangun Indonesia
PT Solusi Bangun Indonesia Tbk (SMCB), PT Semen Indonesia Industri Bangunan and Japan-based Taiheiyo Cement Corp signed a capital transfer and inclusion agreement and cement sal...
Indonesia's cement sales fall 10% in 2020
Indonesia's 2020 domestic cement sales were recorded at 62.7Mt. The Indonesian Cement Association (ASI) reports the sales represent a fall by 10.4 per cent from 2019 sales of 70...
Indocement targets 4% sales growth
HeidelbergCement-owned PT Indocement Tunggal Prakarsa Tbk is targeting a four per cent sales volume growth this year on the condition that the business world will resume operati...
PT Semen Padang exports 1.5Mt in 2020
Indonesia’s PT Semen Padang has announced it exported more than 1.5Mt of cement and clinker to various destinations during 2020, including Bangladesh, China, Malaysia, Myanmar, ...
Indonesian industry to face continued overcapacity challenge
The COVID-19 pandemic has seen Indonesian cement sales drop throughout most of 2020 with October sales down 9.7 per cent YoY. Moreover, demand is predicted to fall 11 per cent Y...
Indonesian domestic cement demand falls 10% in 3Q20
Indonesia's cement demand fell 9.7 percent to 17,499,807t in the 3Q20 from 19,384,326t in the 3Q19, according to the Indonesian Cement Association (ASI). The decline in domestic...
Indonesian cement market contracts in September
Cement demand in Indonesia fell to 6.175Mt in September 2020, according to the Indonesian cement association, ASI. Demand in the key market of Java decreased to 3.37Mt in Septem...