Semen Padang Posts 3.3% Sales Decline in 2015
PADANG (Yosefardi) – Cement producer PT Semen Padang, subsidiary of state cement maker PT Semen Indonesia Tbk (SMGR), posted a 3.3% decline in domestic cement sales during 2015.
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Indonesia Cement Consumption to Grow 5% in 2016
JAKARTA (Yosefardi) – Increased and faster government spending, low energy costs and the recent Bank Indonesia (BI) interest rate cut are set to spur significant growth in the construction industry.
Read MoreSemen Kupang 3 Costs Rp3.52 Trillion
JAKARTA (Yosefardi) – Cement producer PT Semen Kupang plans to build cement mill unit 3 in Bolok industrial area, Kupang, East Nusa Tenggara (NTT) with investment cost of Rp3.52 trillion, Investor Daily reported.
Read MoreCement Sales Grows 4.7% in November
JAKARTA (Yosefardi) – National cement sales in November 2015 grew by 4.7% to 6.05 million tons, compared to the same period of 2014. Indonesia Cement Association (ASI) said cement sales in Sulawesi rose 17.5% to 532,636...
Read MoreSemen Baturaja Posts 23% Growth in Revenue
JAKARTA (Yosefardi) – Cement producer PT Semen Baturaja Tbk (SMBR) booked revenue of Rp1.34 trillion in first eleven months of this year, grew by 23% from Rp1.08 trillion in the corresponding period of 2014. Its cement...
Read MoreCabot to Restructure Carbon Black Manufacturing in Indonesia
BOSTON (Yosefardi) – Cabot Corporation will close its carbon black manufacturing facility in Merak, Indonesia, expected at end of January 2016. The decision, which will affect approximately 50 local employees, was driven...
Read MorePupuk Indonesia Mulls IPO
JAKARTA (Yosefardi) – State fertilizer company PT Pupuk Indonesia mulls to launch the initial public offering (IPO), to raise proceed or fund for construction of new factory. The company plans to build 6 factories within 10-15...
Read MoreArgo Pantes and Indorama Suffer Losses
JAKARTA (Yosefardi) – Garment producers PT Argo Pantes Tbk (ARGO) suffered loss of US$11.4 million in the first nine months to September of 2015, compared to loss US$12.5 million in the same period of 2014. Revenues...
Read MoreSritex’s Profit Grows 29.6%
JAKARTA (Yosefardi) – Textile giant PT Sri Rejeki Isman Tbk (SRIL), otherwise popular as Sritex, booked net profit of US$38.3 million in January-September 2015 period, grew by 29.6% from US$29.5 million in the corresponding...
Read MoreForex Loss Turns Paper Producers into Loss
JAKARTA (Yosefardi) – The foreign exchange (forex) loss along with the significant drop of rupiah currency against the US dollar has turned the paper producers into losses for the nine months to September of 2015 period....
Read MoreSunson Textile’s Loss Widens, Roda Vivatex Posts 15% Growth
JAKARTA (Yosefardi) – PT Sunson Textile Manufacture Tbk (SSTM) suffered loss of Rp31 billion in first nine months to September of 2015, widened from loss Rp5 billion in the same period of 2014. Revenues fell 40% to Rp262...
Read MoreImpack Pratama Posts 9% Decline in Profit
JAKARTA (Yosefardi) – Plastic and construction material producer PT Impack Pratama Tbk (IMPC) booked profit of Rp110 billion in first half of 2015, declined 9% from Rp121.5 billion in the corresponding period of 2014. Net sales...
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