#Cement Industry
Semen Indonesia rumored to divest Semen Baturaja stake amid foreign interest
Market speculation is rife over a potential divestment by PT Semen Indonesia (SMGR) of its controlling stake in its subsidiary, PT Semen Baturaja (SMBR), as Indian cement giant UltraTech Cement reportedly eyes an acquisition.
Semen Baturaja books positive performance in 2024
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), managed to record positive performance in 2024 − securing Rp2.09 trillion (US$127.4 billion) in revenue, a 2.5-percent increase from the previous year (yoy) − despite pressure on domestic cement market amidst market corrections and oversupply.
Semen Baturaja books positive performance in 2024
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), managed to record positive performance in 2024 − securing Rp2.09 trillion (US$127.4 billion) in revenue, a 2.5-percent increase from the previous year (yoy) − despite pressure on domestic cement market amidst market corrections and oversupply.