State-owned cement manufacturer Semen Indonesia (SMGR) experienced a 10.2% (year-on-year/yoy) increase in domestic cement sales to 28.96 million tons in 2017.Meanwhile, export sales reached 1.87 million tons of cement. Total export sales soared 212.2% yoy. This year, the company set target domestic cement sales growth of 5%.
The company expects to see similar conditions as in 2017 and put its cement consumption growth estimate in the range of 5–7% (y/y) in 2018, supported by government infrastructure projects, low inflation, political stability and rising in commodity price.
