Indocement predicts cement demand to grow in 2014

Print this page

Indonesia: PT Indocement Tunggal Prakarsa Tbk has predicted that cement demand will increase in 2014. Indocement corporate secretary Sahat Panggabean pinned the prediction on increasing infrastructure and real estate projects in 2014.

In order to meet market demand Indocement is currently building a 4.4Mt/yr cement plant in Citeureup. The company is also in the process of seeking licenses for the two 2.5Mt/yr greenfield cement plants to be built in Central Java and a location outside of Java respectively.

In 2013 Indocement faced increased competition from new cement producers in the market and expanded cement production capacity established producers. Indocement also pointed out to Indonesian news agency Antara that some of the new producers were importing cement into the country from abroad.

Last modified on 26 March 2014

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

URL: https://www.globalcement.com/news/item/2363-indocement-predicts-cement-demand-to-grow-in-2014

© 2024 Pro Global Media Ltd. All rights reserved.