PT Semen Indonesia (Persero) Tbk or Semen Indonesia, formerly known as the Semen Gresik Group, 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 . 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.
Video Semen Indonesia
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. 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. 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. 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.
Maps Semen Indonesia
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.
References
External links
- Official site What is this site?
Source of the article : Wikipedia
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