Domestic cement sales volume reached 6.34 million tons last month, an increase of 12.6% year-on-year. PT Semen Indonesia Tbk (SMGR), the market leader, also reported 11.4% growth year-on-year in the month. President Joko ‘Jokowi’ Widodo’s decision to expand 2019 Budget for Infrastructure, including public housing, might prevent deeper correction of margins.To subscribe please click here
