Indocement Tunggal Prakarsa, PT.
Indocement Tunggal Prakarsa, PT.
Indocement Tunggal Prakarsa, PT.
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Market Share 1999<br />
I N D O C E M E N T A N N U A L R E P O R T 1 9 9 9 R e v i e w o f O p e r a t i o n s<br />
20<br />
21.98% Domestic - <strong>Indocement</strong><br />
45.94% Domestic - Others<br />
7.57% Export - <strong>Indocement</strong><br />
24.51% Export - Others<br />
Market Share 1998<br />
26.59% Domestic - <strong>Indocement</strong><br />
54.71% Domestic - Others<br />
5.04% Export - <strong>Indocement</strong><br />
13.66% Export - Others<br />
Product portfolio<br />
During the year, we launched Pozzolan Cement<br />
under the same Tiga Roda brandname.<br />
The market responded favorably above our<br />
expectations with sales of around 300<br />
thousand tons during the year.<br />
Ordinary Portland Cement<br />
(OPC) stays as our principal<br />
product accounting for more<br />
than 90 percent of total sales<br />
volume. Specialty cement products<br />
composed of White Cement,<br />
Oil Well Cement, Type II and Type V.<br />
Cement remain in our product portfolio serving the regular needs of<br />
specific market segments. Combined sales volume for these products<br />
dropped slightly during the year owing to lower demand.<br />
Ready-mix Concrete production was scaled down owing to<br />
significant drop in demand as some construction activities in Jakarta<br />
and West Java were either completed or discontinued during the<br />
year. The industrial construction sector, which is the principal<br />
customer for ready-mix concrete is yet to resume activities, due to<br />
financial constraints.<br />
In terms of domestic sales mix, bagged and bulk cement sales ratio<br />
during the year increased in favor of bagged cement to 95:5<br />
compared to 93:7 in 1998. This indicates a faster phase of recovery<br />
in the domestic direct consumers market outside Jakarta and<br />
West Java.<br />
Industry outlook<br />
Opportunities are emerging on two fronts: The recovering domestic<br />
market indicates gradual increase in demand as the Indonesian<br />
economic and political conditions improve and the increasing<br />
potential of Indonesian cement in the export market.