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Indonesian Cement Sales Falls 5.4% in the 1Q of 2020

JAKARTA (TheInsiderStories) - Indonesian cement sales corrected 5.4 percent to 16.28 million tones (MT) in the first quarter (1Q) of 2020, the association reported this week....

Semen Indonesia Sold SBI Shares to Taiheiyo for US$220M

JAKARTA (TheInsiderStories) - Publicly listed, PT Semen Indonesia Tbk (IDX: SMGR) has agreed to sold 15 percent shares of its unit, PT Solusi Bangun Indonesia Tbk...

Semen Indonesia Eyes Export Market to Face Tight Competition

JAKARTA (TheInsiderstories) - PT Semen Indonesia Tbk (IDX: SMGR) continues to optimize regional markets amid tight domestic cement market competition, said the company last week. The...

Philippines Wipes Indonesian Cement Import Duties

JAKARTA (TheInsiderStories) - Indonesian cement products are exempt from the imposition of import duty by the Philippines tariff commission. This was stated in the...

Indonesia Targets Cement Exports 7 Million Tons in 2019

JAKARTA (TheInsiderStories) - Indonesian government targeting cement and clinker exports to reach 7 million tons in 2019. The amount up 24 percent compared to 2018...

Semen Indonesia Acquires 80% Holcim Shares for US$917B

JAKARTA (TheInsiderStories) - PT Semen Indonesia Tbk (IDX: SMGR) has signed the Conditional Sales Purchase Agreement to acquire 6.18 million or representing 80.6 percent...