Indonesia: Semen Indonesia’s cement sales volumes grew by 19% year-on-year to 8.89Mt in the first three months of 2019 from 7.45Mt in the same period in 2018. The company’s acquisition of Holcim Indonesia in February 2019 drove the growth. The cement producer’s domestic sales fell by 3.5% to 5.98Mt although export sales grew significantly. Both domestic and export sales from its Vietnamese TLCC subsidiary fell by 32% to 0.41Mt. Overall national cement sales volumes increased by 3.2% to 17Mt in the reporting period.
Semen Indonesia sales volumes boosted by Holcim purchase
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