Semen Gresik April sales fall

Semen Gresik April sales fall

JAKARTA:Indonesia's cement maker PT Semen Gresik Thursday said its total cement sales fell 20 percent to 992,388 metric tons in April from 1.233 million tons in April last year.

Gresik, Indonesia's largest cement maker, said the fall was due to a decline in domestic sales and export volumes.

Semen Gresik's domestic cement sales in April fell 7 percent to 849,788 tons from 914,054 tons last year.

Exports declined 55 percent to 142,600 tons from 318,842 tons.

According to data from the National Cement Association, countrywide cement output in April fell 5.1 percent to 2.023 million tons from 2.131 million tons in April last year.

Semen Gresik is 51 percent owned by the government and 25.53 percent owned by Mexico's Cemex SA de CV (CX).

Tuesday, Gresik said shareholders will vote in December whether to spin off its unit Semen Padang, which contributed 36 percent to Gresik's total cement sales in April.--Dow Jones