Excess Supply in Cement Industry Triggers Holcim Sales Decline

By : Ridwan And Aldi Firhand. A | Tuesday, October 31 2017 - 20:14 IWST

holcim
holcim

INDUSTRY.co.id - Jakarta, The condition of the national cement surplus that has not been resolved, has an impact on the performance of the cement industry in Indonesia, including Holcim Indonesia.

The company saw sales decline by -0.4 percent for the first nine months of this year compared to the same period last year.

Although cement sales volume rose by 5.6 percent to 7 million tons, but excess supply conditions put pressure on prices in the market.

Despite the company's continued efficiency efforts, the market condition affected the company's IDR647 billion loss.

After Idul Fitri, construction and infrastructure sector began to increase along with the accelerated realization of government spending for the construction of toll roads, bridges, dams and power plants.

The development has boosted cement consumption growth to 47 million tons by the end of September 2017.

"We appreciate the Government's steps in accelerating development conducted throughout Indonesia," said President Director of PT Holcim Indonesia Tbk, Gary Schutz through a written statement to INDUSTRY.co.id in Jakarta, Tuesday (31/10/2017).

He added that this development will certainly create opportunities to improve the economy further and we (Holcim Indonesia) are very ready to be part of the development solution. particularly large projects and infrastructure and housing development.

According to him, business prospects and market opportunities are currently not only created by the government, but also the private sector where the recovery of the economy can increase people's purchasing power, and business confidence in the future.

Furthermore, Gary revealed, in the first half of this year showed a stagnant condition and a new increase seen in the third quarter of this year.

"In the future, the growth of cement sales is expected to strengthen as the development progresses, although the market will still experience an excess supply," said Gary.

News Comment

Today's Industry

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…

TopWorx DX PST with HART 7 monitors and tests valve assemblies, providing detailed data and diagnostics and enabling the digital transformation of process applications.

Jumat, 13 Mei 2022 - 15:15 WIB

Emerson’s New Emergency Shutdown Discrete Valve Controller Improves Safety, Uptime in Hazardous Applications

Emerson introduced the TopWorxTM DX PST with HART® 7. Units provide valuable valve data and diagnostic information, enabling the digital transformation of process applications.

PT Buyung Poetra Sembada Tbk (“HOKI”)

Kamis, 12 Mei 2022 - 15:26 WIB

HOKI Launches Another New Product

PT Buyung Poetra Sembada Tbk (“HOKI”), a Public Company which produces quality rice under the “Topi Koki” and “HOKI” brands, continues to innovate by re- launching new products.…

Rockwell Automation Inc. /obe.wisc.edu

Kamis, 12 Mei 2022 - 14:19 WIB

Rockwell Automation Releases New, Highly Customizable Industrial Monitors

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the release of a new line of industrial monitors…