Displaying items by tag: Lafarge Indonesia

Indonesia: A barge delivering coal to Lafarge Indonesia’s cement plant at Lhoknga, Aceh has spilled around 7000t coal on a beach in Northern Sumatra. The barge was delivering coal to the plant at the end of July 2018 when it ran aground, acccording to the Antara News Agency. Lawyers representing local environmental groups have demanded that the subsidiary of LafargeHolcim be legally responsible for the cleanup operation.

Indonesia: Holcim Indonesia and Lafarge Cement Indonesia have sped up their merger process, slated to finish by the end of 2015, in a bid to increase the companies' market shares. The companies have remained under different management and targeted separate market segments despite the merger of their parent companies.

"We hope to finish the merger process by the end of 2015. As Holcim is listed on the bourse, we are still waiting for the permit from Bapepam (Capital Market Supervisory Agency) and KPPU (Business Competition Supervisory Commission)," said Holcim vice president of sales Juhans Suryantan.

The speedy merger process is part of Holcim's efforts to expand its share of the Indonesian cement market, which stood at 15% before the merger, after Semen Indonesia with 43.7% and PT Indocement Tunggal Prakarsa with 30%. Meanwhile, Lafarge Indonesia had a 3% market share, placing it in fifth place.

Juhans added that both product brands would stay separate after the merger. "We have not decided on the brands. We might still use our own brands for the next one or two years," he said. The brands are deemed not to overlap due to the different target markets of both companies, as Holcim has a stronger grip on Java and southern Sumatra, while Lafarge Indonesia was stronger in Aceh and northern Sumatra.

Indonesia: PT Holcim Indonesia Tbk is preparing to merge with PT Lafarge Cement Indonesia after the finalisation of the LafargeHolcim merger.

Deputy corporate secretary Andika Lukman said in statement that the new holding company has started the strategic transformation process, focusing on revenues, capital allocation, commercial transformation and integration of the new holding. "The LafargeHolcim merger could raise revenues up to US$1.53bn in three years after the merger," said Lukman.

Holcim entered Indonesia by acquiring PT Semen Cibinong Tbk shares in 2001 for US$340m in the wake of a monetary crisis. The company was found by Hashim Djojohadikusumo, younger brother of Indonesia's 2014 presidential candidate Prabowo Subianto. Semen Cibinong's name was later changed to PT Holcim Indonesia. Meanwile, Lafarge entered the Indonesian market by acquiring shares of PT Semen Andalas Indonesia, which operates cement plant in Aceh, Sumatera in 1994. Semen Andalas' name was later changed to PT Lafarge Cement Indonesia.