Cibinong's exports rises

JAKARTA (JP): Publicly listed PT Semen Cibinong said yesterday that its exports in the first five months of this year had increased while its domestic sales dropped 33 percent.

The company said its exports of cement and clinker from January through May were 505,000 metric tons, compared to 89,000 tons in the whole of 1997.

Domestic sales of ready-mix concrete declined at an even faster pace than that of cement -- more than 50 percent in the first quarter of this year -- due to the decline in property development, it said. (das/alx)