Semen Indonesia director

Indonesian cement maker Semen Indonesia has named Rizkan Chandra as its new main director to replace Suparni. The appointment runs from 2015 until 2020.
May 18, 2016 Read time: 1 min

Indonesian cement maker 7818 Semen Indonesia has named Rizkan Chandra as its new main director to replace Suparni. The appointment runs from 2015 until 2020.

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Semen Indonesia plan US$500mn capital investment

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A target to begin operations by 2016 has been set by Semen Indonesia for a cement factory in Rembang regency of Central Java.

Cement branded as Semen Gresik will be produced in the Rembang factory.

The value of investment in the factory stands at IDR 4.45tn (€299.19 million/US$332.30 million), and production capacity is 3 million tons of cement/year.

The construction works of the factory are expected to be completed by the end of 2016, according to Semen Indonesia's president Director Suparni.

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Revenue of Semen Indonesia hits IDR 25.90tn in 2014

Revenue of Semen Indonesia rose by 20% from IDR 21.60 trillion (€1.54 billion/US$1.73 billion) in 2013 to IDR 25.90 trillion in 2014.

However, the company expects that revenue for 2015 will rise by around 6% to 9% reach between IDR 27.70 trillion and IDR 28.20 trillion.

The Indonesian cement maker hopes that its market share will stay at around 43% to 44%.

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