Semen Indonesia (SMGR) Liquidates Another Business Entity, Bringing Total Closures to Four

State-owned enterprises are increasingly reducing their number of subsidiaries through liquidation. The latest move has been undertaken by PT Semen Indonesia Tbk (SMGR).

In a disclosure to the Indonesia Stock Exchange (BEI) on Friday (26/06/2026), the cement producer explained that it has dissolved and liquidated its subsidiary, PT Semen Indonesia Industri Bangunan (SIIB). The company holds a 99.99% stake in this business unit.

Semen Indonesia’s Corporate Secretary, Vita Mahreyni, stated in the disclosure that the decision has received approval from shareholders. “The company and PT Semen Indonesia Beton, as the shareholder of SIIB (in liquidation), reached this decision through an Extraordinary General Meeting of Shareholders (RUPSLB) of SIIB,” she said.

Previously, SMGR liquidated its subsidiary PT Energi Makmur Agung Sejahtera, which was owned by Semen Padang. Additionally, SMGR has closed PT Ciptanugrah Indonesia and PT Aroma Cipta Anugrahtama, which were SMGR’s sub-subsidiaries via Solusi Bangun Indonesia.

This means the dissolution of SMGR’s business entities has now extended to four business units. This follows Danantara’s previous plan to reduce the number of State-Owned Enterprises (BUMN) from 1,077 to 200 companies to improve efficiency.