The Jakarta Post
Listed cement maker PT Semen Indonesia reported a record high sales growth in the first quarter of the year, due to expanding production from some of its new cement plants.
According to figures from the Indonesia Cement Association, Semen Indonesia, whose shares traded under the SMGR code, sold 5.95 million tons of cement in the first quarter of the year, increasing by 20.4 percent compared to 4.94 million in the same period last year.
SMGR’s sales growth was higher than the increase of national sales volume, which stood at 8.6 percent to 13.58 million tons in the first quarter of the year from 12.5 million tons in the same period last year.
“Our high increase was apparently credited to our new plants Tuban IV, which has been fully operated, and Tonasa V that has only operated at about 70 percent of its capacity. Its full operation is scheduled for next February,...