#Cement Industry
Dispute over village access halts Semen Gresik’s operations, threatens Rembang revenue
Operations at PT Semen Gresik’s cement plant in Gunem, Rembang Regency, Central Java have ground to a halt following a dispute with the village administration of Tegaldowo over access to a key mining route.
UNESCO status halts Medco’s cement plant project in Kebumen
Following the recent designation of Kebumen in Central Java as a UNESCO Global Geopark, Medco Group’s subsidiary PT Semen Gombong has formally canceled its plans to develop a cement factory in the regency.
Semen Baturaja GMS, Muhammad Syafitri rumored to become President Director of Semen Padang
State-owned cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), reshuffled the board of directors and board of commissioners at the Annual General Meeting of Shareholders (AGMS) for the 2024 Fiscal Year held in Jakarta on Tuesday, May 27, 2025.
SIG reshuffles top level management, distributes Rp648.75 billion in dividends
State-owned cement producer PT Semen Indonesia (SIG) has appointed Indrieffouny Indra as its new President Director, while approving a substantial dividend payout of up to Rp648.75 billion (about US$40 million) from the company’s 2024 net income during its Annual General Meeting of Shareholders (AGMS) on Friday, May 23, 2025.
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.