Cement Indonesia Revises Capex To IDR 2 Trillion

Semen Indonesia (Photo: Doc. Antara)

JAKARTA - PT Semen Indonesia (Persero) Tbk (SMGR) increased the capital expenditure (capex) in 2024 to IDR 2 trillion.

Director of Finance and Management of Portfolio SMGR, Andriano Hosny said, this figure is greater than the previously budgeted amount of IDR 1.3 trillion.

"So every year we have regular Capex for maintenance of around Rp. 1.3 trillion," he said in a Public Expose, Friday, August 30.

However, he said, throughout this year SMGR will focus on completing several initiatives related to ESG, processing plans to be able to change industrial waste and alternative fuel to refuse derivative fuel.

Not only that, this capital expenditure budget will also be used to complete the project to develop a special type cement production pier and production facility in Tuban, East Java, which is planned for operations by 2025.

Proyek yang merupakan salah satu realisasi kerja sama strategis SIG melalui anak usahanya, PT Solusi Bangun Indonesia Tbk dengan Taiheiyo Cement Corporation, ditujukan untuk memenuhi kebutuhan ekspor sebesar minimum 500 ribu ton per tahun di pasar Amerika Serikat.

"So it is estimated that this year's capital expenditure is around Rp. 1.9 trillion to Rp. 2 trillion," he concluded.