Indonesian monthly cement sales contract
Cement sales in Indonesia declined 0.4 per cent YoY in April to 4.52Mt, according to data from the Indonesia Cement Association (ASI). Speaking to local press, Widodo Santoso...
Indonesia
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Indonesia: electricity price rise alarms cement producers
Surging electricity costs resulting from subsidy withdrawal by the Indonesian government have been cited as the reason for Holcim Indonesia to bring forward plans to increase c...
Semen Indonesia first-quarter sales rise 3.5%
PT Semen Indonesia, the country’s leading cement producer, sold 6.16Mt of cement to the domestic market during Jan-March 2014, a 3.5 per cent increase compared to the same peri...
Bosowa Maros plans IPO by 2016
The Bosowa Group of Indonesia plans to take its cement unit, Semen Bosowa Maros, to an initial public offering by 2016. “We may go public within the next two years. The marke...
Indonesia 1Q14 sales growth slows
Indonesian cement consumption slowed during the first quarter of this year despite a strong rebound in March sales, latest data by the Indonesia Cement Association (ASI) shows....
Gresik inks loan facility for Rembang construction
PT Semen Gresik, part of the Semen Indonesia group, has as secured a letter of credit (L/C) facility to help finance the construction of its Rembang greenfield works in Central...
PT Semen Indonesia
State-owned cement producer, Semen Indonesia, has secured an IDR1.4trn (US$123m) non-cash loan from Bank Mandiri to purchase equipment for its new plant in Rembang, Central Jav...
Conch full-year net profit rises 48.3%
Anhui Conch Cement Co reported a 48.3 per cent YoY increase in profit attributable to shareholders during 2013 to CNY9.38bn (US$1.5bn) from CNY6.33bn a year ago. Turnover incr...
Semen Baturaja to distribute dividend, Indonesia
Semen Baturaja will distribute a IDR78.04 dividend, or 25 per cent of last year’s net profit of IDR312.18bn (US$27.4m) Pamudji Raharjo, president director of the publicly-list...
PT Semen Indonesia agrees loan for new plant
Cement producer PT Semen Indonesia has secured a non-cash loan of IDR1.4trn (US$122.57m) from PT Bank Mandiri, said Ahyanizzaman, the company's finance director. The firm will ...