Semen Indonesia
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Public | |
Traded as | IDX: SMGR |
Industry | Building materials |
Founded | 1957 |
Headquarters | Gresik, Indonesia |
Key people | Hendi Prio Santoso (CE0), Sutiyoso (Commissioner) |
Products | Cements, aggregates |
Revenue |
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Total assets |
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Number of employees | 6,592 (2015) |
Subsidiaries |
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Website |
PT Semen Indonesia (Persero) Tbk or Semen Indonesia, formerly known as the Semen Gresik Group,[1] is an Indonesian building materials manufacturing company and it is one of the largest cement producing company 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 fire gutted 2 of PT Semen IV machines in Bungoro, South Sulawesi and halted the production for 10 days with financial losses of about Rp.45 billion ($5.3 million). The plant, owned by PT Semen Gresik Group.[8]
References
- ↑ "Semen Gresik Officially becomes Semen Indonesia". January 7, 2013.
- ↑ "Indonesia-Investments.com:Semen Indonesia company profile". March 25, 2014.
- ↑ "Semen Gresik change name into Semen Indonesia". December 20, 2012.
- ↑ "Semen Gresik Eyeing To Set Up Coal Trading Firm". September 6, 2011.
- ↑ "PT. Semen Indonesia controls 70% shares of Thang Long Cement Vietnam". September 6, 2011.
- ↑ "Semen Indonesia to build US$200m plant in Myanmar". globalcement.com. Global Cement. 27 March 2013. Retrieved 24 June 2013.
- ↑ "PT Semen Indonesia - October 2013". CemNet.com. International Cement Review. 28 October 2013. Retrieved 31 October 2013.
- ↑ "Archived copy". Archived from the original on 2011-06-03. Retrieved 2015-08-17.
External links
- Official site What is this site?