Semen Indonesia forecasts slower domestic cement consumption in 2018
8 January 2018
Semen Indonesia forecasts that domestic cement consumption will grow at a rate of 5 – 7% year-on-year in 2018, a lower rate than the level of 7.8% recorded for the first 11 months of 2017.
Semen Indonesia corporate secretary Agung Wiharto said that the prediction was based on continued demand for cement from government infrastructure projects, according to the Jakarta Post.
The company also took other factors – such as inflation, political stability and market confidence – into account in its sales projection.
Indocement has also forecast a cement consumption growth rate of 5 – 6% in 2018. Both the companies reported reduced earnings in the third quarter of 2017.
Source: GLOBAL CEMENT