Semen Gresik cement sales up

Semen Gresik cement sales up

JAKARTA: PT Semen Gresik said on Thursday its cement sales in the first five months of this year rose 3.1 percent to 6.09 million metric tons, driven by an increase in domestic sales.

Indonesia's largest cement maker said its domestic sales rose 7.2 percent to 5.45 million tons. The company's exports, however, fell 23 percent to 637,973 tons.

According to data from the association of local cement producers, domestic cement sales from January to May rose 9.6 percent to 12.32 million tons from 11.24 million tons in the same period last year.

The Indonesian government owns 51 percent of Semen Gresik, while Mexico's Cemex SA de CV (CX) has a 25.53 percent stake in the company.--Dow Jones