JUNE 10, 2021
Indonesia: Semen Indonesia has detailed its plans for future exports of cement to North America. It was reported in The Investor Daily newspaper that the producer and subsidiary Solusi Bangun Indonesia will target 0.5 – 1Mt of cement exports to North America in 2021, according to president director Hendi Santoso. The export plans will be carried out in partnership with Japan-based Taiheiyo Cement, which already has a US market presence and owns a 15% stake in Solusi Bangun Indonesia. Hendi said that the move aims to ‘cushion’ the decline in domestic cement sales, down by 28% bulk and 13% bagged year-on-year in 2020. The company successfully exported cement to Australia, Bangladesh, China, Fiji and Sri Lanka in 2020.
President commissioner Rudi Antara said, “The Covid-19 outbreak still colours our lives. There is no other choice but to increase business efficiency and the top line outside of our main markets.”
Source: Global Cement