KONTAN.CO.ID - JAKARTA. The plan of PT Semen Indonesia Tbk (SMGR) to acquire PT Holcim Indonesia Tbk (SMCB) can increase SMGR's domestic market share. SMGR Corporate Secretary Agung Wiharto said that in September the market share of SMGR itself had touched 39.6% and the market share of SMCB was 15.2%. That means, after this acquisition, Semen Indonesia Group's market share can reach 55% of the total cement sales volume in Indonesia. Seeing this condition, analyst Panin Sekuritas, William Hartanto assessed that the position of SMGR was very strong at the peak of the domestic cement market. In the second place, PT Indocement Tunggal Prakarsa Tbk (INTP) controlled a market share of around 26.74%. "After this acquisition, we estimate that SMGR can monopolize the domestic cement industry," William told Kontan.
After acquiring Holcim, Semen Indonesia will dominate the cement market
KONTAN.CO.ID - JAKARTA. The plan of PT Semen Indonesia Tbk (SMGR) to acquire PT Holcim Indonesia Tbk (SMCB) can increase SMGR's domestic market share. SMGR Corporate Secretary Agung Wiharto said that in September the market share of SMGR itself had touched 39.6% and the market share of SMCB was 15.2%. That means, after this acquisition, Semen Indonesia Group's market share can reach 55% of the total cement sales volume in Indonesia. Seeing this condition, analyst Panin Sekuritas, William Hartanto assessed that the position of SMGR was very strong at the peak of the domestic cement market. In the second place, PT Indocement Tunggal Prakarsa Tbk (INTP) controlled a market share of around 26.74%. "After this acquisition, we estimate that SMGR can monopolize the domestic cement industry," William told Kontan.