INTP:IJ Rp. 13,275 altimage -0.93%
05-Mar-2021 16:14
INTP:IJ Rp. 13275 altimage -0.93%
05-Mar-2021 16:14

Indocement in Brief

PT Indocement Tunggal Prakarsa Tbk. (hereinafter referred to as “the Company” or “Indocement”) turned 45  in 2020. The Company’s long journey began in 1975 with the establishment of a cement plant in Citeureup, West Java, by PT Distinct Indonesia Cement Enterprise (DICE). This plant had an annual production capacity of 500,000 tons when it commenced operations.

DICE’s establishment was followed by the establishment of other companies and plants. Within 10 years, eight more plants were built with an installed capacity of 7.7 million tons per year managed by six different companies, namely  PT  Distinct  Indonesia  Cement Enterprise (DICE); PT Perkasa Indonesia Cement Enterprise (PICE); PT Perkasa Indah Indonesia Cement Putih Enterprise (PIICPE); PT Perkasa Agung Utama Indonesia Cement Enterprise (PAUICE); PT Perkasa Inti Abadi Indonesia Cement Enterprise (PIAICE); and PT Perkasa Abadi Mulia Indonesia Cement Enterprise.

On January 16, 1985, the six companies merged into one company with the establishment of PT Indocement Tunggal Prakarsa by virtue of the Notarial Deed Number 81 made before Benny Kristianto, SH, Public Notary in Jakarta, which was approved by the Minister of Justice of the Republic of Indonesia by Decree Number C2-3641HT.01.04.Th.85 dated June 15, 1985.

In 1989, the Company entered a new phase in its history by conducting an Initial Public Offering and becoming a public company by listing its shares on the Indonesia Stock Exchange (IDX) with ticker code “INTP” on December 5, 1989. The Company’s head office is located at Wisma Indocement, 13th floor, Jl. Jenderal Sudirman, Kav. 70-71, South Jakarta.

In anticipation of the increasingly strong market growth, Indocement continued to increase the number of its plants to increase production capacity. The Company acquired Plant 9 in 1991 and completed the construction of Plant 10 in Cirebon Factory, Cirebon, West Java, in 1996.

In 1997, Plant 11 was completed in Citeureup Factory, Bogor, West Java.

On December 29, 2000, by way of a merger between the Company and PT Indo Kodeco Cement (IKC), the Company became the owner of a cement plant in Tarjun, Kotabaru, South Kalimantan. The plant became the Company’s Plant 12.

In 2001, HeidelbergCement Group became the majority Shareholders after its subsidiary, Kimmeridge Enterprise Pte. Ltd., acquired 61.7% shares ownership in the Company.

In October 2016, the Company commenced the operations of its thirteenth plant called “Plant 14” in its Citeureup Factory, the largest integrated cement plant owned by Indocement with an installed design capacity of 4.4 million tons per year and is also the biggest cement plant ever built by Indocement and the HeilderbergCement Group.

With the completion of Plant 14, the Company currently has 13 plants with a total annual production capacity    of 24.9 million tons of cement. Ten of the 13 plants are located in the Citeureup Factory, Bogor, West Java; two others are at Cirebon Factory, Cirebon, West Java; while another one is in Tarjun Factory, Kotabaru, South Kalimantan.

Indocement, a producer of Semen Tiga Roda Cement and Semen Rajawali