Indonesia: Indocement’s sales revenue fell by 6% year-on-year to US$1.01bn in 2017 from US$1.12bn in 2016. The subsidiary of Germany’s HeidelbergCement saw its operating income fall by nearly half to US$131m from US$255m. In HeidelbergCement’s annual report it said that, although cement and clinker sales grew by 5.5% in 2017, prices fell due to excess production capacity.
Indocement’s sales fall by 6% to US$1.01bn in 2017
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