Semen Baturaja Sales Volume Reaches 928.6 Thousand Tons Until Semester I 2024

JAKARTA – PT Semen Baturaja Tbk (SMBR), a subsidiary of PT Semen Indonesia (Persero) Tbk (SIG) recorded cement sales volume reaching 928.6 thousand tons or up 5% in the first semester of 2024 compared to the previous period of 888.2 thousand tons at the end of June 2023.

In terms of revenue, SMBR is still relatively stable thanks to the cost efficiency initiatives implemented, operating expenses were recorded to have decreased by 17% and financial expenses also decreased by 21% compared to the previous period. SMBR’s revenue during the first semester of 2024 was recorded at IDR 835.1 billion, still relatively stable compared to the same period the previous year.

SMBR Vice President of Corporate Secretary Hari Liandu revealed that the dynamics of the cement market conditions are still experiencing contraction and oversupply which is a challenge to the performance of the cement industry this semester.

“Based on data from the Indonesian Cement Association (ASI) for the period of June 2024, domestic market demand decreased by 0.2 percent year on year (yoy), especially in the bagged cement segment. However, SMBR was able to increase sales volume and revenue in the bulk segment as well as product diversification,” said Hari.

Hari added that SMBR remains optimistic in maintaining solid performance by increasing added value and competitive advantage.

“The company continues to implement cost leadership measures through the implementation of operational excellence in various fields. We improve equipment performance, optimize supply chain, and contribute to the Sustainable Development Goals (TPB). In addition, we also focus on increasing other revenues and strengthening synergies with SIG as the parent company,” explained Hari.

In an effort to increase efficiency and contribute to sustainable development, SMBR continues to support the creation of an environmentally friendly cement industry, including maximizing alternative fuels as alternative fuels derived from industrial waste and urban waste. “We collaborate with several waste-producing industries, we manage the waste produced as a substitute for alternative fuels, as a result this can reduce the burden of production costs and reduce carbon emissions,” said Hari. SMBR’s commitment to supporting environmentally friendly industries, not only that, but is proven by the acquisition of 2 certificates this year, including the Green Label certificate with the Gold predicate from the Green Product Council Indonesia (GPCI), then the ISO 50001:2018 Energy Management certificate. The acquisition of these certificates is proof that Semen Baturaja is committed to supporting sustainable development in line with the objectives of the parent company SIG. (*)