Indonesian government’s cement price cut hits firms’ share prices

Indonesian cement makers Semen Indonesia and Holcim Indonesia have seen their share prices decline by a minimum of 14% from their July 2014 peak after the country’s president, Joko Widodo, announced that state-run cement makers will reduce their prices. The government instructed state-run cement makers to reduce their prices by IDR 3,000 (€0.20 US$ 0.23) a bag on 16 January 2015. The duration of the reduction or details of the method are still to be revealed. The share price of Indocement Tunggal Perkasa al
Quarry Products / February 23, 2015

RSSIndonesian cement makers 7818 Semen Indonesia and 680 Holcim Indonesia have seen their share prices decline by a minimum of 14% from their July 2014 peak after the country’s president, Joko Widodo, announced that state-run cement makers will reduce their prices.

The government instructed state-run cement makers to reduce their prices by IDR 3,000 (€0.20 US$ 0.23) a bag on 16 January 2015. The duration of the reduction or details of the method are still to be revealed.

The share price of Indocement Tunggal Perkasa also decreased by 8% in January 2015 following Widodo’s announcement. Holcim Indonesia saw its shares fall by 10%, while share price of Semen Indonesia also dropped by 10%.

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Semen Indonesia
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