Indonesian Political, Business & Finance News

SIG Targets Export Expansion Following Completion of Tuban Jetty Project

| Source: ANTARA_ID Translated from Indonesian | Business
SIG Targets Export Expansion Following Completion of Tuban Jetty Project
Image: ANTARA_ID

PT Semen Indonesia (Persero) Tbk (SIG) is targeting the expansion of its export markets after completing the development project for the jetty and production facilities at the Tuban plant in East Java. SIG’s President Director, Indrieffouny Indra, stated that the Rp1.4 trillion project represents a strategic step to increase factory utilisation and expand into global markets amid excess production capacity in the domestic market. “In addition to expanding penetration into high-value export markets, this portfolio advantage also strengthens SIG’s position in the global industry arena,” said Indrieffouny in his statement in Jakarta on Monday. The completion of the project is marked by the issuance of the Taking Over Certificate (TOC), which states that the project is substantially acceptable based on the results of work testing. The development of facilities in Tuban is designed to meet the demand for special type cement exports with international-class specifications. The facilities include increasing the jetty capacity from 15,000 deadweight tonnage (DWT) to 50,000 DWT, constructing a new integrated jetty trestle and jetty platform with existing facilities, as well as a ship loader with a capacity of 1,000 tonnes per hour. The company also built an integrated logistics system in the form of a 4.1 kilometre tube conveyor, along with modern storage facilities consisting of a blending silo with a capacity of 8,000 tonnes, a clinker silo of 15,000 tonnes, and two cement silos each with a capacity of 18,000 tonnes. The project is part of SIG’s strategic cooperation through its subsidiary PT Solusi Bangun Indonesia Tbk with Taiheiyo Cement Corporation, and involves PT Hutama Karya as the contractor. Furthermore, SIG is optimistic that the readiness of infrastructure and global partnership support can increase the contribution of exports as a new growth engine, as well as strengthen Indonesia’s role in the global construction industry supply chain.

View JSON | Print