Mar 18, 2011

Indocement sets 8% growth in sales

Indonesia's second biggest cement producer PT Indocement Tunggal Prakarsa Tbk (INTP) is targeting sales volume at the level of 7%-8% this year.
The figure is bigger than domestic cement demand growth by 5%-6%. “Growth will be around 7%-8% as trend until the end of the year might decline,” said INTP Director of Finance Christian Kartawijaya, today.
Based on his prediction, domestic demand for 2011 will be around 40.8 million tons-41.5 million tons or higher than last year’s 38.4 tons.
Indocement manages 30.9% of total market share this year from 30.2% in 2010. The company also enlarged their capital expenditure to US$80 million from US$75 million. “Our capex for this year is US$75 million-US$80 million. It comes from our internal cash.”

Disclosure: No position at the stock mentioned above.  

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