Gresik to export cement
Gresik to export cement
JAKARTA (JP): State cement producer PT Semen Gresik will
export part of its production to Australia and Columbia due to a
continued fall in domestic demand.
Gresik spokesman Bambang Subroto said Saturday that company
export activities would begin in March, with at least three
shipments per month.
"The first shipment will be 25,000 tons of cement while the
second and third shipments will be about 50,000 tons each,"
Antara quoted him as saying.
The monetary crisis, which has seen the rupiah's value fall 70
percent against the U.S. dollar, has forced the company to slash
its production to 20,000 tons per day from a previous 25,000 ton
per day output as domestic demand has decreased.
"We have raised our retail price 40 percent to Rp 14,300
(US$1.55) per sack since Feb. 2 this year to offset rising
production costs," he said. (aly)
JAKARTA (JP): State cement producer PT Semen Gresik will
export part of its production to Australia and Columbia due to a
continued fall in domestic demand.
Gresik spokesman Bambang Subroto said Saturday that company
export activities would begin in March, with at least three
shipments per month.
"The first shipment will be 25,000 tons of cement while the
second and third shipments will be about 50,000 tons each,"
Antara quoted him as saying.
The monetary crisis, which has seen the rupiah's value fall 70
percent against the U.S. dollar, has forced the company to slash
its production to 20,000 tons per day from a previous 25,000 ton
per day output as domestic demand has decreased.
"We have raised our retail price 40 percent to Rp 14,300
(US$1.55) per sack since Feb. 2 this year to offset rising
production costs," he said. (aly)