Towards Operational Excellence and Financial Sustainability

indocement
in brief
Indocement is one of Indonesia’s major producers of quality cement and
specialty cement products. Indocement remains as the second largest
cement producer in Indonesia.
The Company was established in 1985 and has integrated cement
operations with a total annual production capacity of around 16.5 million
tons of cement. It currently operates 12 plants, nine of which are located in
Citeureup, Bogor, West Java; two in Palimanan, Cirebon, West Java; and
one in Tarjun, Kotabaru, South Kalimantan.
The Company’s main products are Ordinary Portland Cement (OPC) and
Pozzolan Portland Cement (PPC), with the latter to be replaced by Portland
Composite Cement (PCC) from 2005 onwards. It also produces other
types of cement such as Portland Cement Type II and Type V, as well as Oil
Well Cement. Indocement is the only White Cement producer in Indonesia.
In 2001, HeidelbergCement Group, based in Germany and the world’s
leader with cement operations in 50 countries, assumed a controlling
majority shareholding of the Company. Since then, the Company has
focused on regaining financial sustainability which it lost during the Asian
financial crisis. With the support of the HeidelbergCement Group, which
has international expertise in technical, financial and marketing areas
with a global network, Indocement has refocused its activities on the
core business of producing cement, with the ultimate goal of regaining its
financial strength. In 2004, the Company achieved total sales of more than
Rp4.6 trillion.
This focus has been rewarded and today the Company is in a sound
financial condition, ready to undertake the required investments to cope up
with the expansion of the Indonesian cement market.
Our Vision
We are in the business of providing quality
shelter, construction materials and related
services at competitive prices, in a way
that promotes sustainable development,
wholesome communities and a friendly
environment.
Our Slogan
Better Shelter for a Better Life
In 2004, Indocement received a green rating for environmental protection
and management as part of the Environmental Performance Rating
Program (PROPER) of the Ministry of Environment of the Republic
of Indonesia. Green represents the second highest rating for an
environmentally friendly company that has a proven safety record in
several aspects of environmental issues and protection.
Indocement’s shares are listed on both the Jakarta and Surabaya stock
exchanges with a market capitalization of Rp11.3 trillion at the end
of 2004.
The Company employed more than 6,800 personnel as at year-end 2004.
1
Indocement Annual Report 2004