Indonesia’s Semen Padang aims for production to hit 7.13 million tonnes
Benny Wendry, managing director of Semen Padang, is reported as saying that the state cement company is targeting for production in 2016 to hit 7.13 million tonnes, up from 6.88 million tonnes a year ago.
For 2016, the company is eyeing for annual cement sales to grow by 5.6% from a year ago to 7.25 million tonnes.
During the first-quarter of 2016, the company reported profit growth with sales volumes for the quarter at 1.634 million tonnes, up from 1.63 million tonnes a year earlier.
Cement demand has been growing at an average 20%, and with operations of the Indarung IV cement plant to start at the end 2016, the company’s production is expected to reach 10.4 million tonnes.
The company is also setting up a packing plant in Bengkulu.
It now has eight packing plants in a number of areas, and the company is aiming to capture 43.56% of the market share in Sumatra.
