Displaying items by tag: Indonesia
Indonesia: Semen Indonesia has appointed its operational director Suparni as its new CEO. The state-owned company has taken the decision after receiving 69.6% votes from 76.1% its overall shareholders, according to The Jakarta Post. Suparni replaces Dwi Soetjipto, who has joined the oil and gas company Pertamina. The shareholders also appointed Rizkan Chandra to the board of directors.
Indonesia: State-run Semen Indonesia may cancel its plans to invest in Myanmar if the company and its local partner fail to reach an amicable agreement over the partnership deal. Semen Indonesia's corporate secretary Agung Wiharto said that his company was facing another difficult round of discussions with its partner in Myanmar.
"Negotiations are ongoing, but we still haven't reached an agreement with our local partner on certain problems, including share price and the size of the stake to be acquired," said Wiharto. He added that if the prices demanded by the local partner were too high, Semen Indonesia would either seek a different Myanmarese company to cooperate with or move the expansion plan to another Asian country such as Vietnam, Cambodia or even Bangladesh. "We want a more reasonable price, as we will not only acquire a stake, we will also provide expertise, technology and human resources," said Wiharto.
Semen Indonesia announced in 2014 that it had decided to postpone its plan to acquire a cement company in Myanmar in 2015 after it missed its deadline to conclude negotiations in the middle of the year. Wiharto added that, to date, the potential partner had not yet determined the portion of its shares to be sold to Semen Indonesia.
While Semen Indonesia had planned to acquire a majority stake in its potential partner, Wiharto said that his company would be satisfied even if did not become a controlling shareholder. He declined to disclose how much investment Semen Indonesia had prepared for the expansion, simply saying that the cement producer had 'enough internal cash to fund the required capital.'
Indonesia: PT Semen Indonesia Tbk has reported that cement sales grew by 3% to 26.4Mt in 2014. Domestic sales contributed 13.9Mt of the total sales, up by 7% from 2013.
Indonesia: PT Holcim Indonesia has said that it expects its new plant in Tuban, East Java, to start operations during the first half of 2015. Spokesperson Deni Nuryandain said that the plant would increase the company's production capacity by 3.4Mt, or 40%. "Our total production capacity will reach 12.5Mt /yr," he said. Deni added that currently, Holcim has started operating its new plants in Narogong, West Java, and Cilacap, Central Java.
Indonesia: The Indonesian government has selected PT Semen Indonesia president director Dwi Soetjipto as the next president director and CEO of the country's state-owned oil and gas firm PT Pertamina, following interim chief Muhamed Husen, who took over on 1 October 2014 from Karen Agustiawan. As of 28 November 2014, Soetjitpto is leading Pertamina.
Soetjipto managed PT Semen Indonesia's troubled unit, PT Semen Padang, between 2003 and 2005, where his success in overcoming widespread worker's opposition to the government's plan to sell a controlling stake in the firm to Mexico's Cemex landed him the top post in Semen Indonesia.
Soetjipto gained a Bachelor Degree in Engineering from the Sepuluh Nopember Institute of Technology in Surabaya, East Java, a Masters in Management from the Andalas University in West Sumatra and a PhD in Management from the University of Indonesia in Depok, West Java.
Pakistan: Cement producers in Pakistan are considering sourcing their coal from Indonesia instead of South Africa. The move is in response to an on-going investigation initiated by the International Trade Administration Commission (ITAC) on alleged dumping of Portland Cement from Pakistan.
The ITAC intends to finish its investigation by the end of January 2015 with the introduction of a preliminary antidumping duty on import of Pakistan cement in South Africa, according to Pakistan local media. Pakistan's Ministry of Commerce has also raised the matter with its South African counterpart in the meeting of Joint Trade Commission (JTC) of the two countries in South Africa in November 2014 but so far no consensus has been reached between the two countries.
Industry sources have said that five to six Pakistan-based exporters of cement constitute the biggest buyers of South African coal. Pakistan is the third largest buyer of coal from South Africa after China and India. Local cement makers collectively import 3Mt/yr of coal worth US$240m from South Africa and export around 1.3Mt/yr of cement worth US$120m.
Indonesia: Semen Indonesia has commenced the construction of a 30.6MW waste heat recovery power generator (WHRPG) in an effort to reduce the company's electricity costs.
The facility will be located at Semen Indonesia's cement plant in Tuban, East Java and will cost US$52.9m. The power plant will make use of the heat generated from the cement plant. Construction is expected to take 26 months. Operations are expected to start in the second half of 2016.
In 2013, Semen Indonesia signed a memorandum of understanding (MoU) with Japan's JFE Engineering Corporation for the WHRPG construction. "This will be the first project in Indonesia where waste heat in the whole area is utilised to supply the power plant," said Semen Indonesia president director Dwi Soetjipto. The company has applied similar technology at its Indarung facility in Padang, West Sumatra, on a smaller scale. Indarung power plant's capacity is 8.5MW and it started operation in 2011.
Once the power plant is completed, Semen Indonesia will be able to supply about one third of the company's energy needs at the Tuban plant. It could save US$9.95m/yr in electricity costs.
Indonesia: Following its plan to build a cement plant in Papua, Semen Indonesia has said it will soon expand to the west and develop another cement plant in Aceh Province to fulfil increasing local demand.
Semen Indonesia finance director Ahyanizzam said that the company was considering developing a cement plant in Aceh, as well as in Sulawesi and Kalimantan, in addition to its plan to set up a plant in Papua. Each of the plants would have up to 3Mt/yr of cement production capacity. The investment would be around US$352m, which would be sourced from bank loans. He added that Semen Indonesia is currently looking for suitable locations for the plants. "We expect to start working on the Aceh project in 2015," said Ahyanizzam.
Semen Indonesia expects cement demand in the province to rise due to the construction of the Trans Sumatra highway, a 2700km toll road project that stretches from Aceh to Lampung in 24 sections, connecting major cities in Sumatra. Four sections of the toll road began construction in October 2014 and are expected to be completed in 16 months, absorbing US$4bn of investment. The four sections are designed to connect Medan to Binjai in North Sumatra, Pekanbaru to Dumai in Riau, Bakauheni to Bandar Lampung in Lampung and Palembang to Indralaya in South Sumatra.
Ahyanizzam added that the planned cement plants were also projected to help Semen Indonesia cope with rising cement demand from across the country. Demand is expected to grow by 4% in 2014 and by 6% in 2015.
Semen Indonesia produces 31.8Mt/yr of cement and has a 44% share of the country's cement market. The company plans to boost its cement production to 39.3Mt/yr by 2016 and to 40.8Mt/yr by 2017 with the help of its new plants.
India: Shree Cement is considering importing coal from Indonesia in 2015. The Indian cement producer is in talks with Indonesian mines, according to a report by India Coal Market Watch. The report said that Shree Cement had purchased around 1.5Mt of US steam coal in 2013 – 14. Part of this allocation was re-sold by the company to brick kiln-makers in Punjab, Haryana and Rajasthan. Shree Cement is believed to have secured its steam coal and pet coke requirements until December 2014.
Indonesia: Two Chinese companies signed an agreement on 25 September 2014 to invest in an Indonesian cement plant as part of investment cooperation measures that were agreed by China and Indonesia in 2013.
State Development and Investment Corp (SDIC) and Anhui Conch Cement Company will fund the project for the plant located in West Papua Province. After the construction is completed, the plant will have 3Mt/yr of production capacity, serving Indonesia and neighbouring countries, including Papua New Guinea. SDIC and Anhui Conch will have stakes of 51% and 49% respectively.