Semen Indonesia improves cement sales volumes to 19.2 mt
Semen Indonesia’s revenue grew by 1.2 per cent to $1.13 billion in the first half of 2021 from $1.12 billion in the same period in 2020. Its sales volumes of clinker and cement rose by 5.7 per cent to 19.2 mt from 18.1 mt. Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 2.1 per cent to $247 million from $242 million. The state-owned cement producer said that sales volumes were supported by growing domestic sales volumes and improving exports. It added that the national cement production capacity utilisation rate had fallen to 56 per cent in 2020 from a high of 82 per cent in 2014 due to new cement plants being built and a drop in domestic demand growth due to the coronavirus pandemic in 2020.