Semen Indonesia integrates Semen Baturaja
PT Semen Indonesia Tbk (SMGR) announced it will acquire 7.49bn shares, or a 75.51 per cent stake, of PT Semen Baturaja Tbk (SMBR). As a result, Semen Indonesia will become the o...
Semen Indonesia
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SIG sees revenue fall 2% in 1H22
In the first half of 2022, Semen Indonesia Group (SIG) has reported revenue of IDR15,876bn (US$1064m), down 2.1 per cent on the same period last year. The decline was mainly dri...
Holcim sued by Indonesian island over climate change
Residents of an Indonesian island threatened by rising sea levels are suing Holcim over its carbon emissions, according to TopWireNews. The island in question, Pulau Pari, depen...
Semen Indonesia looks forward to 4% FY22 expansion
Semen Indonesia expects to grow 3-5 per cent YoY in FY22, up from two per cent in FY21 as the key market for bagged cement (mainly for home renovations and small home cluster de...
Top two Indonesian cement producers evolve growth strategies
This week, CemNet featured a plethora of half-yearly financial reports from leading cement producers, including Semen Indonesia Group (SIG). SIG operates in a domestic market wi...
Semen Indonesia looks to optimising market opportunities in pandemic
PT Semen Indonesia (Persero) Tbk (SIG) has prepared a range of business strategies during the COVID-19 pandemic, including optimising the company’s market potential. "The impact...
Solusi Bangun Indonesia reviews its capex after challenging 2Q20
Semen Indonesia-owned Solusi Bangun Indonesia (SBI) is reviewing its capital expenditure plans for 2020 due to the coronavirus pandemic, according to Bisnis. "The current condit...
Semen Indonesia eyes expanding export volume in 2020
PT Semen Indonesia Tbk remains optimistic that the cement market will improve and to boost its volumes, it will target export markets in 2020. "The addition of capacity allows u...
Semen Indonesia Group sales edge up in April
Semen Indonesia Group (SIG) reported total sales in April 2020 of 3,060,256t, up 0.5 per cent when compared with April 2019, when the group achieved sales of 3,046,007t. Semen I...
Semen Indonesia Group sales slip 2% in March
Total sales of Semen Indonesia Group (SIG) fell two per cent in March 2020 to 3,098,449t when compared with March 2019, when sales reached 3,161,373t, according to data released...