Displaying items by tag: Indonesia
Indonesia: Semen Indonesia is carrying out a feasibility study for a new cement plant in West Java. The study is expected to be complete by December 2015.
Indonesia: PT Indocement Tunggal Prakarsa expects sales volumes to grow by 6% in 2015, according to CEO Christian Kartawijaya. The company reported cement sales of 18.8Mt in 2014, up by 3% from 2013. It will invest up to US$391m on capital expenditure in 2015. The company's 14th plant in West Java is expected to start operating in the third quarter of 2015.
Indonesia: State-owned PT Semen Baturaja Tbk has reported a 9.7% decline in sales volumes from 100,603t in January 2014 to 90,764t in January 2015. Zulfikri Subli, corporate secretary of Semen Baturaja, said that the decline is due to increased rainfall and weakening commodity prices, which resulted in property and infrastructure developments being delayed. "Until the end of January 2015, we managed to sell 90,764t valued at US$6.85m," said Subli.
However, Semen Baturaja expects sales volumes to rise in the following months, bringing total sales in 2015 to 1.75Mt and total revenues to US$133m. The company's performance in 2014 was equal with that in 2013, with sales volume of 1.26Mt.
Semen Baturaja is seeking external financing of US$58.7m from the issuance of bonds or bank loans to finance the construction of the Semen Baturaja II plant with a total investment requirement of US$260m.
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.