TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Semen Indonesia leads sales growth as capacity enlarges

  • Raras Cahyafitri

    The Jakarta Post

Jakarta   /   Fri, April 12 2013   /  12:07 pm

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,...