Semen Indonesia

Semen Indonesia Tbk
Public IDX: SMGR
Founded 1957
Headquarters Gresik, Indonesia
Key people
 Dwi Sutjipto, CEO
Revenue US$ 2,0 billion (2012) kurs 1 US$ = Rp 9.700
Total assets US$ 2,6 billion (2012)
Number of employees
 7,252 (2007)
Subsidiaries PT. Semen Gresik, PT. Semen Tonasa, PT. Semen Padang, Thang Long Cement Vietnam
Website

Semen Indonesia, formerly known as Semen Gresik,[1] is the largest cement producing company in Indonesia with an annual cement producing capacity of 29 million tonnes in 2012[2] . In shareholders' extraordinary meeting on December 20, 2012 the shareholders agreed to change name of PT Semen Gresik Tbk to PT Semen Indonesia Tbk to give a momentum for accelerating the company's growth in the future.[3]

Expansions

To secure supply and help lower its production costs, the company will set up a coal-trading firm in 2011 and further will seek possibility of coal mine acquisition. 30 percent of overall costs is coal consumption cost.[4] PT. Semen Indonesia (Persero) Tbk acquired Thang Long Cement Vietnam officially January 2013. With the investment around Rp. 1,5 trillion, Semen Indonesia controls 70% of the Thang Long Cement shares.[5] The company also have announced its plan to invest US$200 million worth cement plant in Myanmar that will be built early in 2014 as part of its expansion into the Southeast Asian market.[6] In a bid to reduce logistics costs and bring it closer to its customers, PT Semen Indonesia is building a new packaging plant in Banjarmasin, South Kalimantan. The US$10.4m facility is due for completion by the end of 2013.[7]

Incidents

In May 30, 2011 the fire gutted 2 of PT Semen Tonasa IV machines in Bungoro, South Sulawesi and halted the productions for 10 days with financial losses of about Rp.45 billion ($5.3 million). The plant, owned by PT Semen Gresik Group.[8]

References

External links