Displaying items by tag: Semen Tonasa

Indonesia: Semen Tonasa has appointed Asruddin Leo as its president director following a shareholders meeting. He succeeds Mufti Arimurti in the post, who resigned in May 2023, according to Rakyat Sulsel.

Asruddin has worked for Semen Indonesia and its subsidiaries, including Semen Tonasa, since 2011. He previously worked in finance roles at Semen Tonasa, before becoming the Head of Finance and then the chief executive officer at Thang Long Cement in Vietnam. He has also worked as the vice president for Financial Policy and Excellence at Semen Indonesia. He holds an undergraduate degree in accounting and a master’s degree in strategic management from the Hasanuddin University in Makassar, South Sulawesi.

Indonesia: Norway-based Norges Bank has placed Semen Tonasa under observation for risk of damage to art in Leang Leang Maros Prehistoric Park in South Sulawesi. Reuters has reported that the cement producer has no monitoring system in place for its limestone mining operations near to the designated UNESCO Global Geopark. Vibrations and dust reportedly present a danger to the 44,000yr-old works of art at the site. Norges Bank holds a 1.6% stake in Semen Tonasa's parent company Semen Indonesia.

Norges Bank said "The background for the decision is the unacceptable risk of damage to prehistoric and irreplaceable culture heritage."

Indonesia: Subhan has been appointed as the managing director of Semen Gresik. This follows his management of Semen Tonasa, another subsidiary of Semen Indonesia, from 2017 to 2020, according to the Antara news agency. Previously, he was the finance director of Semen Tonasa and head of its accounting department. He originally started working for the cement producer in 1998. Prior to this he worked for Humpus Group. Subhan holds degrees in accounting and management from the Hasanuddin University in Makassar.

Indonesia: PT Semen Indonesia is considering the construction of a cement plant in Papua in a bid to supply the market in the country's easternmost province. Semen Indonesia president director Dwi Soetjipto said the location of the plant would be either in Jayapura or Manokwari, the two largest cities close to limestone reseerves, according to local media. The plant will have a cement production capacity of 0.6 – 1Mt/yr with an investment of up to US$100m.

"We hope the study can conclude soon so that we can include the investment needed for the plant in our next year's capital expenditure budget. It might take around three years to construct the facility before it can commence commercial operations," said Dwi Soetjipto.

According to Semen Indonesia's estimates, Papua consumes around 600,000t/yr of cement, or 40% of the total eastern Indonesia cement consumption of 1.5Mt/yr. Semen Indonesia supplies around half of Papua's cement market. With the new factory, it is expected to increase its market share to around 70%.

The company has projected that cement demand in Papua will hit around 900,000t/yr from around the time the company has finished building its new plant.

Increasing its market share in the region will place Semen Indonesia in competition with Indocement Tunggal Prakarsa and Semen Bosowa. Currently the company supplies the Papua market from its subsidiaries Semen Gresik in East Java and Semen Tonasa in South Sulawesi.

In 2013 Semen Indonesia built a rotary packing plant in Sorong, West Papua at a cost of US$13.8m. The plant produces 2200 bags per hour and currently supplies 300 - 400t/day of cement to the West Papua area.

Indonesia: Semen Indonesia has reported US$1.13bn of revenue in the first half of 2014, a 12.8% year-on-year increase. During the first six months of 2013, revenues grew by 31.9% compared to 2012. The decelerated growth is attributed to reduced domestic demand, which is affecting the Indonesian cement industry as a whole.

Sales volumes in the first half of 2014 grew by 4.6% year-on-year to 12.8Mt. Semen Indonesia's subsidiary, Semen Gresik, contributed almost 54% of the sales volumes. Semen Padang accounted for 26% and Semen Tonasa contributed the remaining 20% of sales volumes. Net profit for the first six months of 2014 stood at US$46.9m, a 9.3% year-on-year increase, while higher expenses and foreign exchange losses contributed to higher costs. Semen Indonesia has forecast an 8% increase in revenue for the whole of 2014.

The latest statistics from the Indonesian Cement Association show a 4% increase in domestic cement consumption in the first half of 2014, lower than the 7.5% growth reported for the first half of 2013.