Semen Indonesia's CEO Aims to Enhance Value Addition for Growth in 2024

Donny Arsal, CEO of PT Semen Indonesia Tbk (SIG), plans to increase the company's resilience and competitiveness to continue performance growth and achieve sustainable development in 2024.

Semen Indonesia's CEO Aims to Enhance Value Addition for Growth in 2024
Photo by Nick Agus Arya / Unsplash

In a strategic move to bolster its market position, PT Semen Indonesia Tbk (SIG), under the leadership of CEO Donny Arsal, is focusing on enhancing its resilience and competitiveness. This initiative is part of the company's broader goal to sustain its growth trajectory and contribute to sustainable development in 2024.

Despite facing a challenging economic environment marked by rising commodity prices, high energy costs, inflation, and intense market competition, Semen Indonesia has successfully grown in the past year. As a market leader in the cement industry, the company is now poised to ascend to the next level. It is driven by a spirit of going the extra mile in synergy, collaboration, and enhancing expertise and insights to maintain its stronghold in both domestic and regional markets.

Under Donny Arsal's guidance, SIG has consistently created added value, leading to recognition and awards from various national and international government bodies and institutions. Budi Waseso, the Chairman of the Board of Commissioners of SIG, assures that the company is well-prepared to face the challenges of 2024 and remains committed to being at the forefront of the industry.

In its financial performance, SIG recorded a net profit of Rp1.71 trillion in the third quarter of 2023, marking a 1.85% year-on-year increase compared to the same period in 2022. The company's revenue during this period was Rp27.7 trillion, showing a 4% growth year-on-year, with contributions from related parties amounting to Rp1.59 trillion and Rp26.06 trillion from third parties.

Semen Indonesia's strategic focus on innovation, synergy, and continuous enthusiasm for building the company aligns with its commitment to contribute significantly to Indonesia's development. The company's robust performance and forward-looking strategies position it well for continued success in the challenging year ahead.

Source: VOI - Waktunya Merevolusi Pemberitaan