Jakarta (ANTARA News) - PT Indocement Tunggal Prakarsa, producer of Tiga Roda cement, has invested 100 million US dollars this year in the construction of a cement mill in Citereup, West Java.<\/p>\n
"Construction is scheduled for completion in 2013. The money will came from our own budget," Indocement`s deputy financial director Thomas Suryandi said in Jakarta Monday.<\/p>\n
He said the investment fund is also used for several optimizing projects at the Citereup plant, logistic project, several batching plants and new mixer trucks for expansion of ready-made enterprises. Indocement also purchased new crushers to increase its aggregates.<\/p>\n
Up to the third quarter this year, Indocement raised its sales by 21 pct to Rp9.7 trillion, compared to the Rp8.1 trillion in last year`s same period.<\/p>\n
"An increase in the domestic cement market had a positive effect on our performance," Thomas said.<\/p>\n
He added that domestic sales increased by 16.4 pct to 10.9 million tons, while Indocement`s market share from 31.1 pct to 31.3 pct.<\/p>\n
He said the sales increase was encouraged by the large demands in the private sector, especially in housing and high-rise buildings.Cement sales in Java, Indocement`s main market, increased 19.2 pct.<\/p>\n
Nevertheless, he said, the export sales increased 39 pct to 0.5 million tons, apparently due to the focus of the company on meeting the increased demands on the domestic market.<\/p>\n
"Net profits increased 8.8 pct to Rp2.5 trillion," he said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indocement-invests-100-million-us-dollars-1320718688", "image": "cement.jpg" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }