Displaying items by tag: Semen Baturaja

Indonesia: Semen Indonesia subsidiary Semen Baturaja reported sales revenue of US$91.3m during the first nine months of 2023, up by 10% year-on-year. Cement sales contributed US$89.5m towards the total (98%). The producer raised its net profit by 25% year-on-year to US$3.4m. It also distributed US$169,000 as part of its Social & Environmental Responsibility Programme Fund, up by 61%.

General director Daconi Khotob said “The increasing net profit was also supported by a decrease in interest expenses as a result of refinancing bank debt and accelerating principal payments on syndicated credit loans.”

Indonesia: Semen Indonesia subsidiary Semen Baturaja has obtained four loans worth a total US$59.9m. Bank Negara Indonesia, Bank Mandiri, Bank CIMB Niaga and HSBC Indonesia advanced the funds. The loans' syndicated credit agreement aligns with Semen Baturaja's sustainability strategy, which is based on Semen Indonesia's Sustainability Framework.

Semen Baturaja's managing director Daconi Khotob said "This syndicated sustainability-linked loan will provide many benefits for Semen Baturaja, including lower interest rates than conventional loans, more attractive term sheets and the flexibility to make accelerated repayments." Khotob added that the sustainability provisions will also 'broaden the scope of investors.'

Indonesia: Semen Baturaja has signed a memorandum of understanding with Huadian Buket Asam Power. Under the agreement, the producer will supply the power company with limestone for its flue gas desulfurisation (FGD) process in exchange for fly ash, bottom ash and gypsum. The agreement will last two years until March 2023.

The cement producer’s managing director Sumsal Saifudin said, “This collaboration is a form of synergy between the two companies to improve competitiveness, which is much-needed in facing an increasingly competitive industrial environment, by taking advantage of opportunities for the creation of new revenue streams and cost transformation.”

Indonesia: Semen Baturaja’s cement sales volumes rose by 24% year-on-year to 2.17Mt in 2018 from 1.76Mt in 2017. President Director Jobi Triananda Hasjim said that the growth was 5% greater than the industry’s average in 2018, according to the Antara news agency. Data from the Indonesian Cement Association shows that in November 2018 Semen Baturaja had a market share of 54% in South Sumatra, 26% in Lampung,14% in Jambi, 8% in Bengkulu and 5% in Bangka Belitung.

Indonesia: State-owned cement producer Semen Baturaja has received a US$115m bank loan to build a new cement plant in Sumatra. The plant will have a cement production capacity of 1.85Mt/yr and it will be operational by June 2017. The project is expected to cost US$252m, according to Investor Daily. The plant was originally announced in 2014.

Indonesia: Tianjin Cement Industry Design & Research Institute Co., Ltd. has placed an order for two type LM 53.3+3 CS LOESCHE mills for clinker grinding for PT Semen Baturaja. Each of the clinker grinding mills has a designed a capacity of 175t/hr and material is ground to a fineness of 3400 Blaine. Each mill is fitted with a gearbox with a power of 4200kW.

The lead time for the main components of the mill is nine months and the gearboxes are supplied within 12 months.

Indonesia: According to Reuters, Indonesian state-owned cement producer PT Semen Baturaja Tbk has posted cement sales that exceed 600,000t so far in 2015, up by 25% from the same period of 2014. Several projects kicking off in South Sumatra contributed to the sales, which have reached only 38% of 2015's target of 1.75Mt.

Indonesia: State-owned PT Semen Baturaja Tbk has reported a 9.7% decline in sales volumes from 100,603t in January 2014 to 90,764t in January 2015. Zulfikri Subli, corporate secretary of Semen Baturaja, said that the decline is due to increased rainfall and weakening commodity prices, which resulted in property and infrastructure developments being delayed. "Until the end of January 2015, we managed to sell 90,764t valued at US$6.85m," said Subli.

However, Semen Baturaja expects sales volumes to rise in the following months, bringing total sales in 2015 to 1.75Mt and total revenues to US$133m. The company's performance in 2014 was equal with that in 2013, with sales volume of 1.26Mt.

Semen Baturaja is seeking external financing of US$58.7m from the issuance of bonds or bank loans to finance the construction of the Semen Baturaja II plant with a total investment requirement of US$260m.

Indonesia: PT Semen Baturaja plans to build a new 2Mt/yr cement plant. CEO Pamudji Rahardjo announced the project while detailing a 40% increase in the Indonesian cement producers' plant investment fund to US$240m from US$205m, according to Investor Daily.

Indonesia: PT Semen Baturaja is seeking to raise up to US$163m in an initial public offering (IPO) in June 2013, officials have said. It will use the proceeds to increase its cement production capacity to 2Mt/yr.

The state-owned cement producer plans to sell 2.34bn shares, equivalent to 23.8% of the company after the issuing. It will sell the shares in an indicative price range of US$0.05–0.07 each, according to State Enterprises Ministry strategic planning deputy Wahyu Hidayat.

"We're targeting production to reach 2Mt this year from 1.2Mt in 2012. We will invest about US$270m in a new 1.85Mt/yr plant. We aim to start operation of the additional capacity in the fourth quarter of 2016," said chief executive Pamudji Raharjo. The offering is scheduled for between 20 June 2013 and 24 June 2013.