Semen Indonesia (SMGR), Indocement Tunggal Prakarsa (INTP), and Holcim Indonesia (SMCB) used to control Indonesian cement market. For decades, they enjoyed substantially high profit margins. In the past few years, however, new players took away more market share from them. In the first half 2017, Holcim even posted net loss of Rp435.9 billion, balooned from Rp51.4 billion in the corresponding period last year.To subscribe please click here