Holcim Indonesia agrees to higher royalty payout
PT Holcim Indonesia has increased the royalty to its parent company – a move that has surprised some analysts and caused the cement producer to plunge the most in four years in...
Indonesia
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Semen Gresik seals Vietnam deal
Indonesia’s leading cement producer PT Semen Gresik has signed deal worth US$157m with Hanoi General Export-Import JSC (Geleximco) on 18 December to acquire 70 per cent stake i...
Indonesia Jan-November 2012 sales rise 15%
Indonesia's cement sales have continued their upward trend, with domestic consumption having risen 15 per cent in the first 11 months of 2012, thanks to the country's infrastru...
Semen Baturaja IPO set for February 2013
Indonesia state-owned cement producer PT Semen Baturaja is planning an Initial Public Offering (IPO) for next February to raise funds to construct a new cement plant. The co...
Nomura raises target price on Indocement
Normura Equity Research has raised its target price on Indonesia’s second largest cement producer PT Indocement Tunngal Prakarsa (INTP) from IDR23,400 to IDR26,900 (US$2.43 to...
Indonesia: Bosowa Group to extend ties with QNB
Indonesia's Bosowa Group, plans to boost cooperation with Qatar National Bank by inviting the Qatari commercial lender to establish several joint ventures in non-banking financ...
Thailand's Siam Group to establish Banten cement plant, Indonesia
Thailand’s largest cement producer Siam Cement Group plans to establish a cement plant in the Lebak district of Indonesia, Banten province, according to media reports. Banten i...
Bosowa aims for larger slice of Indonesian market
The Bosowa Corporation is planning to invest around IDR3trn in its cement activities to gain a greater share of the thriving Indonesian market. Speaking to the Jakarta Post, ...
Gresik eyes tie-up with Semen Baturaja, Indonesia
Semen Gresik CEO Dwi Soetjipto has expressed an interest in synergising with another state-owned cement producer, Semen Baturaja, according to local press reports. "We see tha...
Indonesian full-year demand set to beat expectations
Indonesian cement demand is seen closing this year 12 per cent ahead of 2011 figures, above previous expectations of eight per cent, but growth next year is likely to be imped...