JAKARTA (Yosefardi) – State cement maker PT Semen Indonesia Tbk (SMGR) targets its cement sales to grow 11% to 31 million tons this year, compared to 27.91 million tons sold last year.
The company will maintain its market share of 44% by building synergy on marketing, optimizing the existing packing plants, and producing new brands of cements.
Currently SMGR has 22 units of cement mills, 21 units of packing plants and 11 ports. The company allocates its capital expenditure (capex) of Rp5-6 trillion for this year, compared to Rp3 trillion last year.
SMGR plans to expand its business and boost the production capacity of its cement mills. It allocates Rp2 trillion for cement mill construction in Rembang (East Java) and Padang (West Sumatra), Rp500 billion to Rp1 trillion for packaging plant, Rp1 trillion for working capital, and Rp1-2 trillion for other business expansion projects.
The company also allocates Rp2 trillion for building cement mill in Myanmar.