Below is a list with tagged columns and company profiles.

Today's Headlines Cement

  • Cement Industry: Semen Indonesia Acquires Holcim Indonesia

    Semen Indonesia, the country's largest cement manufacturer, announced that it has signed a conditional sales & purchase agreement with LafargeHolcim Ltd to acquire a 80.6 percent stake in Holcim Indonesia, the third-biggest cement manufacturer in Indonesia. This USD $917 million deal not only rocks Indonesia's cement industry, but also makes Semen Indonesia's role in the domestic cement industry even more dominant, while also turning the company into one of the world's largest cement manufacturers.

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  • Impressive Growth of Indonesia's Cement & Clinker Exports

    Robustly rising exports of cement and clinker so far in 2018 are a glimmer of light on the horizon for Indonesian cement manufacturers. Domestic conditions in Indonesia's cement industry remain less rosy as a massive inflow of investment in cement production facilities in recent years has given rise to a major cement supply glut.

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  • Cement Sales in Indonesia Rather Flat in First Half 2018

    Indonesian cement manufacturers remain optimistic that domestic cement consumption in Indonesia will rise more markedly in the second half of the year. In the first half of the year national cement sales rose 3.48 percent year-on-year (y/y) to 30.0 million tons.

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  • Indonesia's Cement Production Capacity to Exceed Demand until 2031?

    The wide gap between total national installed cement production capacity and total domestic cement demand will continue to put pressure on Indonesia's cement industry in the foreseeable future. While all local cement manufacturers together are now able to produce a total of 108 million tons of cement per year, domestic cement demand in Indonesia is only expected to reach 68-70 million tons in 2018. Hence, there exists a major oversupply of cement; an oversupply that puts pressure on cement companies' corporate earnings.

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  • Solid Growth of Cement Sales in Indonesia in Q1-2018, Exports Soar

    Cement sales in Indonesia rose 6.6 percent year-on-year (y/y) to 15.7 million tons in the first quarter of 2018. While the Indonesian Cement Association (ASI) initially expected cement consumption to be flat in March, consumption actually rose 3.4 percent (y/y) to 5.21 million tons in the third month of the year, hence pushing the overall Q1 figure to 15.7 million tons. A country's cement sales are a good indicator to measure its property and infrastructure development.

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  • Indocement Opens New Cement Terminal & Aims for Low-End Market

    Indocement Tunggal Prakarsa, the second-largest cement manufacturer in Indonesia, has high hopes for its second brand in the low-end cement market of Indonesia. Considering the challenging environment for the nation's cement companies - most notable the fierce competition and significant supply glut - Indocement is using another strategy in order to gain its market share.

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  • Cement Sales Update Indonesia: Solid Growth in February 2018

    Domestic cement consumption in Indonesia rose 5.2 percent year-on-year (y/y) to 4.79 million tons in February 2018, supported by significantly rising cement demand on the islands of Sumatra and Kalimantan. Widodo Santoso, Chairman of the Indonesia Cement Association (ASI), said most provinces on Sumatra showed rising appetite for cement last month with the exception of West Sumatra and Bengkulu.

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  • Semen Indonesia: Rising Cement Sales, Sliding Market Share

    Indonesia's largest cement producer Semen Indonesia sold 28.96 million tons of cement in full-year 2017, up 10.2 percent year-on-year (y/y) from sales in the preceding year. Domestic cement sales of Semen Indonesia reached 27.09 million tons in 2017, up 5.5 percent (y/y). This is slightly below the nation's average: in full-year 2017 total cement sales in Indonesia rose 7.6 percent (y/y) to 66.4 million tons.

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  • Indocement to Complete its Palembang Cement Terminal Project Soon

    Indonesia's second-biggest cement producer Indocement Tunggal Prakarsa will start operating its new cement terminal in Palembang (South Sumatra) in the first quarter of 2018. This terminal will strengthen the company's sales of bulk cement on the island of Sumatra, the second-largest cement consumer in Indonesia.

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Latest Columns Cement

  • Indonesian Cement Sales Decline amid Slowing Economic Growth in 2014

    Indonesian cement sales have slowed and may not achieve the target set for 2014. In the first half of 2014, the country’s domestic cement sales totaled 28.9 million tons, a 3.9 percentage point increase from the same period last year, well below the growth target of 6 percent (year-on-year, yoy). However, this development is no surprise as economic growth of Indonesia has slowed in recent years. Cement sales, a key indicator of construction activity (infrastructure and property development) are closely linked to general GDP growth.

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  • Indonesian Cement Sales Decline in April 2014 due to Legislative Election

    Indonesian cement sales fell 0.4 percent (year-on-year) to 4.52 million tons in April 2014. The decline in cement sales was the result of the country’s legislative election that was held on 9 April 2014 as consumers bought few building materials during the campaign period. Head of the Indonesian Cement Association (ASI) Widodo Santoso stated that a number of large infrastructure projects are currently being tendered and are thus unable to boost domestic cement sales yet.

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  • Indonesia's Jakarta Composite Index Extends Winning Streak on Monday

    Indonesia's Jakarta Composite Index Extends Winning Streak on Monday

    Investors’ appetite for Indonesian stocks, particularly the big cap stocks, made Indonesia’s benchmark stock index (known as the Jakarta Composite Index or IHSG) rise further on Monday (14/04). Most of the sectoral indices were up, led by the property sector and followed by basic industries. Contrary to most Asian indices, which were mixed today (with raw materials in particular being sold by investors), the IHSG managed to climb 1.00 percent to 4,864.88 points.

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  • Along Slowing Economy and Floods Indonesia's Cement Sales Decline

    Indonesia's cement sales in January 2014 declined 1 percent to 4.65 million metric tons from the same month in 2013 (4.68 million metric tons). The decline was caused by severe floods brought about by high rainfall amid a peak in Indonesia's rainy season. The floods resulted in disrupted distribution networks, therefore blocking cement shipments to retailers. Moreover, these weather conditions caused the postponement of several construction activities, thus reducing demand for cement.

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  • Indonesia's Cement Sales Continue to Slow amid Weaker Property Sector

    According to the Indonesian Cement Association (ASI), cement sales in Indonesia reached 41.6 million tons in the first three quarters of 2013, a 5.3 percent increase compared to domestic cement sales in the same period in 2012 (39.5 million tons), while Indonesia's cement exports jumped by 187 percent to 503 thousand tons. As such, total cement sales from January to September 2013 grew 6.2 percent to 42 million tons. Meanwhile, Semen Indonesia, Indonesia's largest cement producer, managed to expand its market share.

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  • Indonesia's Falling Cement Sales in August 2013 Indicate Slowing Economy

    According to data from the Indonesian Cement Association (ASI), domestic cement sales have fallen 5.8 percent to 3.3 million tons in August 2013 (from the same month last year). Being an important indicator of economic expansion (as cement sales inform about the development of property and infrastructure projects in the country), these lower cement sales confirm the slowing pace of economic growth in Indonesia. Compared to July 2013, cement sales in Indonesia fell by a massive 32 percent.

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  • Slowing Growth in Indonesian Cement Sales Continues in Semester II

    Cement sales in Indonesia grew by seven percent to 32.9 million tons in the period January to July 2013. This pace of growth is significantly lower compared to the double-digit cement growth rate last year and thus forms another sign of cooling economic growth in Southeast Asia's largest economy (cement sales are a good indicator to measure the state of economic growth of a country). A slowdown in domestic cement sales is likely to continue in the second half of 2013, partly due to a decline in infrastructure projects.

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  • Bank Indonesia Tries to Curb Credit Growth in Indonesia's Property Sector

    Starting from 1 September 2013, the minimum down payment for the purchase of a second house or apartment (bigger than 70 m²) in Indonesia will be raised to 40 percent. Indonesia's central bank (Bank Indonesia) implements this new rule to avoid a possible credit bubble in Indonesia's property sector. The country's property sector has been booming in recent years, giving rise to many new property projects, soaring profits for property companies (as well as impressive stock performance) and significantly rising property prices.

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  • State-Owned Cement Producer Semen Baturaja Conducts IPO

    State-owned cement producer Semen Baturaja invites investors to its initial public offering (IPO) between 29 May and 7 June 2013 at the Ritz Carlton Pacific Place in Jakarta. Through this IPO, the company offers 2.34 billion shares (about 23.76 percent of its stock equity) to the public with an initial price target of IDR 500 - 685 per share (USD $0.05 - $0.07). Semen Baturaja will be listed on the Indonesia Stock Exchange (BEI) on 28 June 2013. The lead underwriters for this IPO are Bahana Securities, Danareksa Securities and Mandiri Securities.

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  • Indonesia's Cement Consumption Grows 8.6% in January - April 2013

    Cement consumption in Indonesia increased 8.6 percent to 18.11 million tons in the first four months of 2013. Demand was particularly supported by property and housing projects in the bigger cities of Indonesia. Another pillar of support was found in the development of various infrastructure projects (including those within the framework of the government's ambitious MP3EI plan). The Indonesian Cement Association expects this year's cement consumption in Indonesia to rise to 61 million tons in total.

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