Company Overview
PT Indocement Tunggal Prakarsa Tbk. (“Indocement” or the “Company”) is one of Indonesia’s major producers of quality cement and specialty cement products. The Company was established in 1985 and has integrated cement operations with a total annual designed production capacity of 17.1 million tons of cement. It currently operates 12 plants, nine of which are located in Citeureup, Bogor, West Java; two in Palimanan, Cirebon, West Java; and one in Tarjun, Kotabaru, South Kalimantan.
Since 2005, the Company has diversified its product range by introducing Portland Composite Cement (PCC) in the market. The Company also produces other types of cement namely Ordinary Portland Cement Type I, Type II and Type V, as well as Oil Well Cement and White Cement. To date, Indocement is the only White Cement producer in Indonesia. The Company’s products are marketed under the brand name of ‘Tiga Roda’.
In 2001, HeidelbergCement Group, based in Germany and the world’s leading cement producer with operations in 50 countries, assumed a controlling majority shareholding of the Company. Since then, the Company has focused on regaining financial sustainability, which was lost during the Asian financial crisis. To obtain such purpose and with the support of HeidelbergCement Group, Indocement has refocused its activities on the core business of producing cement, ready-mix concrete and aggregates. From 2006 to date, the Company succeeds in achieving its financial strength.
In 2007, Indocement completed a major revamping of its Plant 8 in Citeureup, which provided the Company with an additional annual designed production capacity of 600,000 tons of cement. This enables Indocement to increase sales volume significantly in 2008 in response to increasing market demand.
As part of its corporate social responsibility programs, Indocement succeeded in developing more than 170 hectares plantation of Jatropha curcas trees out of mined over limestone land. Indocement also initiated a successful municipal solid waste processing project in small scale to surrounding communities of Citeureup and Cirebon factories. The processed wastes are used as biomass fuel to generate heat in the production of cement, and as compost.
Indocement’s shares are listed at the Indonesia Stock Exchange with a market capitalization of IDR16,934 billion as at year-end 2008.
The Company employed 6,179 personnel as of 31 December 2008.
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