25-26 Oct, 2016 - Bangkok, THAILAND
Pullman Bangkok Grande Sukhumvit
Pullman Bangkok Grande Sukhumvit
The Indonesian cement industry is expecting a big boost in demand after pledges of major infrastructure projects were released recently. The government has allocated as much as US $23.51 billion to mark its commitment to develop ports, roads and others facilities. The figure is a significant increase on the amount earmarked for infrastructure last year. In addition, government directives of lower bank finance are making it easier for companies to expand.
Last year, cement consumption grew by 3.4 percent but this year, based on increased government demand, the industry is poised to add 3 to 5 percentage points to that rate by the end of this year.
Cement producer Indocement Tunggal Prakarsa is confident that the interest rate cuts will boost their business this year, and attributed its optimism to the government’s 12 packages and deregulation measures. These pledges, together with Bank Indonesia’s series of interest rate cuts, have made bank financing more affordable and easier to do business in the country.
Find out more about the outlook for the cement industry in Indonesia, at CMT’s 18th Asia CemenTrade on 25-26 October in Bangkok.
