Jakarta (21/1) - In response to the recent cement price reduction by Rp 3,000 per sack announced by the Indonesian government last week, Kent Carson, Holcim Indonesia’s Finance Director, said, “The price reduction may impact most cement players but as a part of the business community we will respond accordingly and adjust our price a well. We will continue to look to other areas for savings to help mitigate the reduction and anticipate a rapid unlocking of infrastructure initiatives as a result of this action”.
Commenting on the cement price reduction, the company’s Commercial Director, Jan Kunigk noted, “Most cement producers and the construction sector have been affected by delays on key infrastructure investments and commercial projects last year, reflecting the long election process together with the impact on the economy from weaker commodity prices. But in recent announcement revising the 2015 state budget, the Government intends to accelerate infrastructure spending, to almost double year on year. We hope this cement price reduction will stimulate acceleration in projects under development as well as new ones.”
Looking forward, both Kunigk and Carson shared a positive view that Holcim’s position in respect to the key fundamentals has not changed, as the company maintains a longer view, beyond short term adjustments. Holcim believes its capacity, brand awareness and reputation for innovation distinguishes it in the market. The unique Holcim SpeedCrete as ”Fast track Pavement Solutions” , and the recent launch of a new mortar product line are two examples of the company’s commitment to play a leading role in the construction, housing and infrastructure sectors.
Kunigk concluded, “Not least, our growing asset footprint including the new Tuban Plant with further supply capacity and a Cement Terminal for Lampung due later this year will maintain our competitive edge and serve our customers better.”
About PT Holcim Indonesia Tbk
PT Holcim Indonesia Tbk (Holcim Indonesia) is a publicly listed company which its majority stake (80.65%), is owned and managed by Swiss-based Holcim Group, one of the world’s largest cement companies with more than 85,000 employees and production capacity of more than 170 million tons of cement.
As one of the largest cement companies in Indonesia, PT Holcim Indonesia Tbk maintains integrated businesses of cement, ready-mix concrete, and aggregates production. The company operates three cement plants in Narogong-West Java, Cilacap-Central Java, Tuban 1-East Java and a grinding facility in Ciwandan-Banten with total capacity of 11 million tons of cement and employs more than 2,500 employees.
PT Holcim Indonesia Tbk operates a domestic building material supply network, which covers special distributors, retailers, masons, and Solusi Rumah outlets – the outlet provides housing design service, building materials, building consultation, and financing access. All under one roof.
Further information please contact:
|Rusli Setiawan||Diah Sasanawati (Anna)|
|Relationship Management Director||Corporate Communications Manager|
|PT Holcim Indonesia Tbk||PT Holcim Indonesia Tbk|
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|Mobile: 0813 81818554|
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|website: www.holcim.co.id||website: www.holcim.co.id|