PT Semen Gresik Tb (SMGR) aiming for 72% of East Java market
Semen Indonesia this year targets sales of 1mt or 72% of the market in East Java, including in Surabaya, Gresik, Sidoarjo, and Mojokerto. Last year, the company recorded sales of 878,000 ton with a market share of 70% in the region. According to the company, the growth is based on the rising national cement consumption which is expected to be around 14% yoy.
(Bisnis Indonesia)
