SIG (company)
| File:Semen Indonesia logo.png | |
| Company type | Public IDX: SMGR |
|---|---|
| Industry | basic industry and chemicals sector  |
| Founded | 1957 |
| Headquarters | Gresik, Indonesia |
Key people | Rizkan Chandra, 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 |
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| Website | [1] |
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 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.
- ^ http://www.thejakartapost.com/news/2011/06/01/fire-halts-production-s-suluwesi-cement-factory.html
External links
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