Celebrating the 25th Anniversary of the Ministry of BUMN, Semen Baturaja Invites the Community to Take a Healthy Walk with BUMN in Bandar Lampung City

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BANDAR LAMPUNG – Menteri BUMN Erick Thohir mengajak seluruh karyawan BUMN dan masyarakat untuk Jalan Sehat Bersama BUMN dalam rangka memperingati 25 Tahun Kementerian BUMN yang dilaksanakan di 234 kabupaten/kota di Indonesia. Kegiatan jalan sehat mengusung konsep Estafet Obor BUMN dari Sabang sampai Merauke dilakukan secara bertahap di 15 provinsi mulai 12/2/2023 hingga 19/3/2023 dengan tema “Bersama BUMN, Menuju Indonesia Sehat”.

Jalan Sehat Bersama BUMN 2023 menandai kebersamaan Kementerian BUMN dan masyarakat yang telah terbina selama 25 tahun, dengan harapan Kementerian BUMN dan perusahan BUMN hadir lebih dekat dan mengedukasi masyarakat akan pentingnya menjaga kesehatan, yang merupakan modal dasar pembangunan.

Di bawah arahan Menteri BUMN Erick Thohir, Kementerian BUMN menjalankan program “BUMN Untuk Indonesia” guna mendorong BUMN memberikan sumbangan terbaik bagi negeri dan rakyat. Sebagai bagian dari BUMN, PT Semen Baturaja Tbk (SMBR) yang merupakan anak usaha PT Semen Indonesia (Persero) Tbk (SIG) turut mendukung pelaksanaan Jalan Sehat Bersama BUMN di Kota Bandar Lampung yang melibatkan 2.000 peserta yang berasal dari masyarakat umum, karyawan, serta keluarga besar BUMN yang berada di Bandar Lampung dan sekitarnya. Jalan Sehat Bersama BUMN ini digelar pada Minggu (26/02) di Lapangan Saburai, Kota Bandar Lampung. Jalan Sehat Bersama BUMN ini merupakan hasil kolaborasi antara SMBR dengan PT Jasa Marga (Persero) Tbk dan Perum Jasa Tirta II.

Direktur SMBR (Fungsi Keuangan dan SDM), Tubagus Muhammad Dharury mengatakan menjadi bagian dari kegiatan Jalan Sehat Bersama BUMN 2023 merupakan suatu kebanggaan dan kehormatan bagi Semen Baturaja. Melalui kegiatan ini, Semen Baturaja sebagai bagian dari aset bangsa di bawah arahan SIG dan koordinasi Kementerian BUMN, berkesempatan untuk kian dekat dan mempererat hubungan dengan seluruh lapisan masyarakat.

“Jalan Sehat Bersama BUMN merupakan kesempatan bagi kami untuk memperkuat kolaborasi bersama masyarakat, sebagai bekal melanjutkan transformasi melalui pengembangan inovasi produk dan layanan. Bersama SIG, Semen Baturaja telah menjadi bagian dari pembangunan di Indonesia,” kata Tubagus Muhammad Dharury.

Pelaksanaan Jalan Sehat Bersama BUMN di Kota Bandar Lampung ini ditandai dengan penyerahan “Estafet Obor BUMN” oleh Perwakilan Karyawan SMBR kepada Wakil Gubernur Lampung Chusnunia Chalim, lalu diserahkan kepada Direksi SMBR sebagai perwakilan BUMN yaitu Suherman Yahya dan Tubagus Muhammad Dharury.

Setelah flag-off yang dilakukan oleh Wakil Gubernur Lampung Chusnunia Chalim, para peserta Jalan Sehat Bersama BUMN menempuh rute kurang lebih sepanjang 3,5 kilometer mulai dari Tugu Adipura, Pom Bensin Kartini, Jalur 2 Katamso, Tugu Pahlawan, Ramayana, Gramedia dan kembali lagi ke Lapangan Saburai.

Selain jalan sehat, acara juga turut dimeriahkan dengan hiburan musik dari artis setempat, senam zumba dan bazar UMKM. Sebanyak 19 UMKM yang merupakan mitra binaan SMBR dan UMKM Lokal di Kota Bandar Lampung juga ikut serta mempromosikan produk–produk unggulannya.

Direktur SMBR, Tubagus Muhammad Dharury menambahkan kegiatan Jalan Sehat Bersama BUMN ini bukan sekedar ajang olahraga saja, namun diharapkan dapat menumbuhkan core values AKHLAK BUMN ke seluruh masyarakat luas.

Antusiasme peserta jalan sehat sudah terlihat sejak pagi. Ribuan peserta di Kota Bandar Lampung berbondong–bondong mengikuti acara yang juga membagikan sejumlah door prize mulai dari kompor, lemari es, mesin cuci, smart tv, dan hadiah utama berupa sepeda motor serta hadiah menarik lainnya bagi para peserta yang beruntung.

Wakil Gubernur Lampung Chusnunia Chalim menyampaikan apresiasinya terhadap program yang diharapkan dapat meningkatkan silaturahmi, membangun kebersamaan dan membentuk kebiasaan masyarakat untuk berolahraga. “Selamat Ulang Tahun Kementerian BUMN yang ke 25 Tahun, ini bukan perjalanan yang singkat, kita telah merasakan manfaat nyata kebaradaan BUMN khususnya di Lampung, mari terus bersinergi untuk menuju Lampung berjaya,” imbuhnya.

Kemeriahan jalan sehat ini dirasakan oleh Gilang Bayu, warga Kota Bandar Lampung yang mendapatkan hadiah utama sepeda motor. “Alhamdullilah, mimpi apa semalam bisa dapat rezeki nomplok sepeda motor,” kata Gilang dengan senyum gembira.

“Terima kasih kepada Pak Erick Thohir, Kementerian BUMN, SIG, Semen Baturaja, Jasa Marga dan Perum Jasa Tirta II yang telah mengadakan kegiatan ini,” katanya. (*)

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Strengthening Market Share in Sumbagsel, Semen Baturaja Aims for Positive Growth in 2023

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PALEMBANG – The current condition of the national cement industry is increasingly competitive and competition is getting tougher due to excess supply coupled with weak demand, as well as high energy costs. This continues to overshadow the performance of companies engaged in this industry. However, opportunities are still open by strengthening strategies that are right on target.

After the integration with SIG on December 19, 2022, PT Semen Baturaja Tbk (SMBR) continues to make efforts to strengthen the domestic market, especially in the South Sumatra region which is SMBR’s base market. Throughout 2022, SMBR is able to increase SMBR’s market share in Sumbagsel to 34%. To maintain this market dominance, SMBR has prepared a supply chain management strategy by optimizing its distribution network with a consolidated business model.

Main Director of SMBR Daconi Khotob explained, SMBR also implemented a consolidated business model to improve the company’s performance from smooth supply, speed of delivery to suppliers, customers and distributors. This business model also provides more flexible distribution cost efficiency and increased factory utilization.

“This has had a big impact on SMBR and has been able to increase sales volume and increase SMBR’s market share in the South Sumatra region.” Daconi said.

Daconi also revealed that throughout 2022 SMBR’s performance had improved from the previous year. SMBR recorded a total cement sales volume of 2 million tonnes, up 4% from the previous year. He is optimistic that after joining SIG, this year the company’s performance will increase significantly.

In addition, SMBR has prepared several strategies to improve company performance and face business challenges in 2023, namely creating an AKHLAK cultured environment that reaches up to the company’s main business chain through developing superior and competitive human resources, becoming the best player in order to increase added value and competitive advantage. , being at the forefront of supporting the creation of an environmentally friendly cement industry, creating a digital mindset in order to support an innovative and adaptive work environment, as well as developing integrated GCG infrastructure and supporting company development.

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SIG Together with Semen Baturaja, Held Construction Expert Training in Palembang City

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PALEMBANG – To improve the competence and skills of construction workers, PT Semen Indonesia (Persero) Tbk (SIG) together with PT Semen Baturaja Tbk (SMBR) held a Construction Expert Program or abbreviated SIG SIG. This program is one of the training programs from GIS for construction workers. The training was held on 13-14 February 2023 at the Jakabaring Athlete’s House, Palembang City, South Sumatra.

The AKSI SIG skills and competence improvement program was attended by 3,915 construction workers from various regions in East Java, West Java to Sumatra, one of which was held in Palembang City, South Sumatra. In the city of Palembang itself, 160 construction workers participated.

This training covers basic construction practices including the installation of red bricks, wall surface finishing, and plastering to smooth the results of wall plaster. In addition, they are given knowledge of Occupational Safety and Health (K3) procedures, effective and efficient construction methods, the concept of healthy homes built with sustainable construction principles, as well as an introduction to GIS products and the cement production process.

One of the SIG SIG participants, Suprapto, said “I am very grateful to SIG and SMBR for providing this training, this has added value for us because they are equipped with insights about construction and cement,” he said.

The Main Director of SMBR, Daconi Khotob, represented by the Senior Manager of Sales for Sub Area 1.1 SMBR Yantasman said “This training is an effort to strengthen synergy and collaboration with construction workers to improve the quality of human resources so that they have competitiveness in the construction services sector.” he said.

“Construction workers who participate will get various benefits including certificates, pocket money, T-shirts and PPE during training,” he said.

SIG’s Business and Marketing Director, Aulia Mulki Oemar said, construction workers also need to equip themselves with knowledge through direct training and practice, which will help improve skills and competencies to be competitive. This competitiveness will boost the productivity and welfare level of the construction workers.

“Besides training, SIG also contributes to building public facilities in the form of park benches. 110 park benches were built in Malang Raya and 10 park benches each in Palembang City, Bandar Lampung City, Bandung City and Yogyakarta City,” said Aulia Mulki Oemar.{}

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SIG and SMBR First Town Hall Meeting “Stronger Collaboration”

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PALEMBANG – After integration, PT Semen Indonesia (Persero) Tbk (SIG) and PT Semen Baturaja Tbk (SMBR) held a Town Hall Meeting which took place at the SMBR Head Office in Palembang City in a hybrid manner on Tuesday (7/2). Present at the occasion were the SIG Board of Directors, including SIG Supply Chain Director Adi Munandir, Production Director Yosviandri, Business and Marketing Director Aulia Mulki Oemar, and HR and General Affairs Director Agung Wiharto.

SIG Main Director Donny Arsal and Director of Finance and Risk Management Andriano Hosny Panangian attended the event online. While the Board of Directors of SMBR was present in full, namely Main Director Daconi Khotob, Director (Operations Function) Suherman Yahya, and Director (Finance and HR Function) Tubagus M Dharury.

The Town Hall Meeting was filled with an introduction to BOD SIG to SMBR management and employees, presentation of the GIS program in facing future business challenges, and ended with a question and answer session.

Director of SMBR Daconi Khotob said joining SIG was a long-awaited golden opportunity. Because he believes that SMBR will further develop after becoming a big family of SIG. “The aim of this town hall meeting is for SMBR personnel to gain insight into the latest information and future synergy plans,” he said.

Furthermore Daconi revealed three advantages of SMBR which are expected to be utilized optimally after synergizing with SIG. First, Semen Baturaja is in the middle of an energy barn, to be precise, coal. “Maybe we are the only cement company surrounded by coal sources. The positive impact, energy costs to be low. Especially coal,” he said.

On the same occasion, SIG President Director Donny Arsal said 2022 was a year full of challenges for the company. In addition to rising energy costs—especially coal—the domestic market is also experiencing an oversupply of nearly 100 percent. The market situation is increasingly challenging following the entry of two new players. “I appreciate the management. Even though the conditions were tough, thank God, our performance was better than last year,” said Donny while giving a virtual speech.

According to him, the SIG-SMBR synergy is expected to generate new advantages which will ultimately boost the company’s performance. “Better market coverage, as well as more efficient production costs. It is hoped that this synergy can also provide benefits to all stakeholders, including employees,” said Donny Arsal.{}

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Strengthen Strategic Partnership with Stakeholders, Directors of Semen Baturaja Audience with the Governor of South Sumatra

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Palembang – Maintaining strategic partnerships with stakeholders, the Directors of PT Semen Baturaja Tbk (SMBR) held an audience with the Governor of South Sumatra (Sumsel) H. Herman Deru on Wednesday (1/2) which took place in the Guest Room of the Governor’s Office, Palembang City.

Attended by SMBR Main Director Daconi Khotob together with SMBR Director Suherman Yahya and accompanied by SMBR VP Corporate Secretary Doddy Irawan and SMBR Secretarial & Stakeholder M. Mu’ammar Syah Reza. In addition, Assistant II of the South Sumatra Provincial Government for Economics, Finance and Development, Dharma Budhy, was also present. Daconi Khotob explained that this hearing was in the context of friendship after the integration of SMBR into GIS.

The Governor of South Sumatra H. Herman Deru said that a harmonious synergy between the provincial government and SOEs is needed so that the development and improvement of people’s welfare is well maintained and remains a source of pride for the people of South Sumatra. I also appreciate and thank you for the contributions that have been made by SMBR so far,” explained the Governor of South Sumatra.

Furthermore, Daconi Khotob said that SMBR officially joined SIG which was marked by the signing of the Inbreng Deed on December 19, 2022 and reported the results of the EGMS on January 24, 2023. This integration strengthens the position of the state-owned cement industry in the Southern Sumatra (Sumbagsel) region.

Daconi Khotob also revealed that throughout 2022, Semen Baturaja’s performance will increase from the previous year. This is due to the support from the local government in development and permits for companies. We hope that this collaboration can continue for the future development of South Sumatra.” he said.

The Governor of South Sumatra, Herman Deru said he would continue to support the development of SMBR. This is because the company is the pride of the people of OKU Raya (OKU, OKU East and OKU South) and South Sumatra in general.

“This is very historic, so we must continue to support it so that SMBR becomes a pride company for the people of South Sumatra and we don’t want the Semen Baturaja brand to disappear,” said the Governor of South Sumatra.

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Dozens of Product Types from 14 Semen Baturaja-assisted MSMEs Enliven the MSME Bazaar for Indonesia 2023

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Jakarta – PT Semen Baturaja Tbk (SMBR) participated in the MSME Bazaar for Indonesia 2023 which was organized by the Ministry of BUMN on January 26-29 2023 at the Sarinah Building, Jakarta, by presenting 32 types of products from 14 MSMEs developing businesses in the culinary field, craft, to fashion and beauty.

SMBR CSR Senior Manager, Gili Aprial Braja said the 32 types of MSME products presented were produced by UMKM assisted by Rumah BUMN Baturaja. Not only do they meet the criteria, all of these products have also successfully passed strict curation, both in terms of quality and packaging.

“As of May 2022, Rumah BUMN Baturaja already has 261 assisted MSMEs from OKU Regency,” added Gili.

Apart from that, there are also Beeyond Honey products managed by Rumah BUMN Baturaja. Beeyond Honey is produced by Trigona bees. This type of bee is a primitive species that only produces a little honey but the quality is the best because it contains the highest bee pollen. This honey cultivation is carried out on SMBR’s post-mining reclamation land, which is managed by assisted MSMEs.

At Rumah BUMN Baturaja, MSME actors are not only given funding assistance, but also receive assistance in the licensing process, various training according to their respective fields, product packaging and marketing, to the latest is assistance for halal certification.

“As proof of our alignment with the development of MSMEs, the Baturaja BUMN House won the Inspiring BUMN House award at the 2018 BUMN Award,” concluded Gili.

“We are pleased to be collaborating with SIG in making the MSME Bazaar for Indonesia 2023 successful, which was organized by the Ministry of BUMN. This is our commitment and effort to encourage the assisted MSMEs to develop and continue to grow,” concluded Gili.{}

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SMBR Holds EGMS Early 2023, New Chapter After Integration with SIG

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Jakarta, 24 January 2023 – Implementation of the Extraordinary General Meeting of Shareholders (EGMS) of PT Semen Baturaja (Persero) Tbk (SMBR) which was held at the Sari Pacific Hotel Jakarta (24/01).

The meeting was held face to face at the Sari Pacific Hotel Ballroom Palace and electronically using KSEI’s Electronic General Meeting System facility (KSEI’s eASY system). At the EGMS, 2 (two) main agenda items were scheduled, namely changes to the Company’s Articles of Association and Changes to the Company’s Management.

The EGMS which began at 14.35 WIB was attended by majority and minority shareholders. The event was opened by President Commissioner Franky Sibarani and continued with the discussion of the first item on the agenda, changes to the Company’s Articles of Association.

The changes to the Company’s Articles of Association are based on the joining of SMBR with PT Semen Indonesia (Persero) Tbk (SIG) in holding the cement sub-cluster. The end of 2022 was a historic milestone for SMBR, in which the integration process of SMBR into SIG was successfully completed and has completed all stages of establishing the cement sub-cluster SOE holding which was marked by the signing of the Deed of Share Transfer Agreement on December 19, 2022 between the Republic of Indonesia and SIG. Where as many as 7,499,999,999 (seven billion four hundred ninety nine million nine hundred ninety nine thousand nine hundred ninety nine) RI State-owned Series B shares in SMBR changed their ownership to SIG, so that SMBR’s status changed to Non-Persero and became one of a SIG subsidiary.

The Republic of Indonesia still holds 1 (one) Series A Dwiwarna share, SIG owns 7,499,999,999 Series B shares and the Public owns 2,432,534,336 Series B shares. In addition to the name change, the EGMS also decided to amend several articles in the Company’s articles of association, including other matters relating to capital, shares, duties, powers and obligations of the directors, board of directors meetings, annual work plans and budgets, and other articles governing the articles of association.

In the second agenda item there is a change in the composition of the Company’s Management. Respectfully dismissed members of the Board of Commissioners, namely Independent Commissioner Darusman Mawardi and Commissioner Oke Nurwan and appointed Hadi Daryanto as Commissioner of the Company.

In addition, the EGMS also honorably dismissed members of the SMBR Board of Directors, namely the Director of Marketing, Mukhamad Saifudin and the Director of General Affairs & HR, Gatot Mardiana. Furthermore, there was a change in the nomenclature of the Director of Finance and Risk Management to become a Director (Finance and HR Function), the Director of Production and Development to a Director (Company Operations Function), so that the management composition changed to the following:

The following is the latest composition of the SMBR Board of Commissioners:
Main Commissioner : Franciscus M.A Sibarani
Independent Commissioner : Chowadja Sanova
Commissioner : Hadi Daryanto

The following is the current composition of the Board of Directors of Semen Baturaja:
Main Director : Daconi Khotob
Director (Financial Function and HR of the Company): Tubagus Muhammad Dharury
Director (Company Operations Function): Suherman Yahya

It briefly describes performance in 2022, amidst declining demand in the Sumatra region, especially Southern Sumatra (Sumbagsel) which is the base market area, SMBR was able to increase cement sales volume by 4% so that SMBR’s market share in Sumbagsel became 34% or grew 3%. This performance growth is inseparable from the consistency of SMBR Management in implementing strategic initiatives such as strengthening market position, cost leadership through the SMBRGO45 program and efforts to increase employee competency.

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The Unity of Semen Baturaja in Holding SIG, Strengthen SOE Cement Sub Cluster

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The formation of sectoral SOE holdings is part of the government’s strategic planning in optimizing the role of SOEs as agents of development or at the forefront of government initiatives. Sectoral holdings are carried out through BUMN restructuring by way of sharper mapping and regrouping/consolidation to achieve a more ideal number and scale of BUMN businesses. The restructuring of the management of BUMN including its subsidiaries is carried out in order to focus on the core business so that performance is more optimal and the creation of a more conducive business climate in the private sector.

The end of 2022 recorded a historic moment that completed all stages of the formation of the cement sub-cluster BUMN holding, the integration of Semen Baturaja (SMBR) into the SIG holding. BUMN The cement sub-cluster is listed as a BUMN holding which was first formed in 1995 through the consolidation of Semen Gresik, Semen Padang, and Semen Tonasa. The cement cluster SOE holding was continued with the formation of the strategic holding company Semen Indonesia (SIG) on January 7 2013. SMBR integration is one of the important milestones of the entire SOE transformation plan for streamlining and clustering of the cement sub-cluster.

Semen Baturaja was established on November 14, 1974 with share ownership by Semen Gresik and Semen Padang. SMBR continues to experience development and became a public company on March 14, 2013. For almost half a century, SMBR has been the pride of the people of South Sumatra. SMBR products have been used in national strategic projects, one of which is the Palembang Light Rail Transit (LRT) masterpiece, the Palembang-Indralaya toll road, the Sumsel 8 Steam Power Plant (PLTU), and many others.

SIG Director Donny Arsal emphasized that SMBR is a force in Southern Sumatra. The integration of Semen Baturaja into SIG has enormous potential for synergy to support the position and complement the footprint of the Cement Sub-Cluster SOEs, especially in the Sumatra region which is the second largest domestic market, win fierce competition and provide maximum benefits for the community and the State, as well as solidify steps SIG to become the leading building materials solution provider in the region.

Semen Baturaja has joined the holding by becoming a subsidiary of SIG through the addition of state capital in the form of inbreng to SIG based on PP 72/2016 with the Pre-emptive Rights (HMETD) mechanism. According to the Deputy Minister of BUMN II Kartika Wirjoatmodjo in the signing of the Deed of Inbreng of SMBR shares into SIG shares on December 19 2022, the BUMN Sub Cluster of Cement will encourage the recovery of the cement industry in the next two to three years through innovation, optimization and efficiency to overcome cost burden, maintaining cost structure and EBITDA consistency.

The HMETD mechanism also provides additional capital from the public/public participating in the HMETD purchase through a rights issue. The entire rights issue process was successfully carried out on December 28, 2022 with a total order reaching 96.9% of all transactions. The absorption of this rights issue shows the high interest and participation of public shareholders and the level of trust in BUMN.

SOE Minister Erick Thohir revealed that the corporate action in the form of a rights issue was intended to keep BUMN capital from relying too heavily on debt. This strategy is important to encourage the potential expansion of the BUMN business in the future. Additional capital is intended for SOEs with industries that have good prospects and potential going forward.

In the midst of national economic recovery after the Covid-19 pandemic, this integration momentum is expected to help realize the 2020-2024 National Medium Term Development Plan (RPJMN) agenda, namely strengthening economic resilience for quality growth through non-oil and gas export growth and strengthening economic development infrastructure and basic services by ensuring the smooth supply and distribution of adequate cement supplies for a better and more sustainable development of the nation.

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SMBR and SIG Integration Strengthen the Sumbagsel Domestic Market

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PALEMBANG – The end of 2022 was closed with positive news for PT Semen Baturaja (Persero) Tbk (SMBR). After the official signing of the inbreng deed on Monday (19/12) between the Deputy Minister of BUMN II, Kartika Wirjoatmodjo and the Main Director of SIG, Donny Arsal, SMBR has officially joined the Semen Indonesia Group.

The Main Director of SMBR Daconi Khotob sees the value creation that is obtained through integration with SIG. The existence of SMBR is felt to be able to strengthen and fill the market in the South Sumatra region.

“The company’s proximity to this market area creates efficiency, so we are ready together with SIG to achieve future targets.” he said.

This integration also creates efficiency in the procurement system in the cement industry. This is because the equipment used for most cement factories resemble one another. So that the unification in the order system will provide a better bargaining position as a group.

From the production side, SMBR and SIG can benchmark to optimize less and more effective clinker. This also has a positive impact on both parties. Cement production volume can be increased while still implementing efficiency.

Through integration between SMBR and SIG it has a positive impact on both. This big step strengthens the position of the BUMN Sub Cluster of Cement to face a competitive market. SMBR’s strength in the Sumbagsel market is a huge potential to strengthen control of the second largest domestic market in the Sumatra region.

“In addition, the potential for value creation in the field of HR development will of course also boost the performance growth of SMBR and the group,” he added.

SMBR recorded an increase in revenue up 9% yoy, followed by the Company’s net profit increasing 160% up to Q3 2022 compared to Q3 2021. This proves that SMBR still shows positive performance in 2022, amid the conditions in the cement industry which are still accompanied by an increase in coal and an increase in costs logistics which has the impact of increasing the company’s operating costs.

The company is optimistic that it can close 2022 with positive performance. This cannot be separated from the cooperation and hard work of all levels of management and employees who have done their best.

Another exciting news in 2022, SMBR received the Public Information Disclosure Award organized by the Central Information Commission, where SMBR has achieved results as a company in the “Informative” category. This is an extraordinary achievement with Informative’s highest award along with 19 other SOEs in the 2022 Public Information Disclosure Monev evaluation.

“Company transformation needs to be done. We are optimistic that in 2023 we will be able to achieve targets that exceed this year’s targets with cooperation and smart work from management and employees. Together with SIG, SMBR is ready to act differently and exceed its reach,” he concluded.

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Official! The Government Transfers 75.51% of Semen Baturaja Shares to SIG

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JAKARTA – The Government of Indonesia officially inbreng shares by transferring the shares of the Republic of Indonesia (“Negara RI”) in the amount of 7,499,999,999 Series B shares with a total value of IDR 2,848,672,369,646 or representing 75.51% of the entire issued and fully paid capital in Semen Baturaja into SIG shares, as a continuation of the Cement Sub Cluster SOE Integration Program through the Pre-emptive Rights (HMETD) process.

The signing of the Inbreng Deed was carried out by the Deputy Minister of BUMN II, Kartika Wirjoatmodjo and the Main Director of SIG, Donny Arsal, at the Office of the Ministry of BUMN, Jakarta, Monday (19/12/2022). This share inbreng transaction does not change the portion of ownership by the Republic of Indonesia on controlling shares in SIG. The Republic of Indonesia also still owns 1 Series A Dwiwarna share in Semen Baturaja.

The Main Director of SIG, Donny Arsal said, the integration of Semen Baturaja into SIG is a big step to strengthen the position of the SOE Cement Sub Cluster in facing competitive market challenges. Until now, SIG has been proven to be able to create value from the synergy of various entities within the group so that it becomes a competitive advantage in the competition in the cement industry.
“Semen Baturaja is a force in Southern Sumatra.
The integration of Semen Baturaja into SIG has enormous potential for synergy to support the position and complement the footprint of the Cement Sub-Cluster SOEs, especially in the Sumatra region which is the second largest domestic market, win fierce competition and provide maximum benefits for the community and the State, as well as solidify steps SIG to become a leading provider of building materials solutions in the region,” said Donny Arsal.

Meanwhile, Deputy Minister of BUMN II, Kartika Wirjoatmodjo said, today we completed one of the important milestones of the entire BUMN transformation plan for streamlining and clustering of the cement sub-cluster. As a strategic sector, we want to encourage SOEs in the Cement Sub Cluster as a driver of a sustainable cement industry through optimizing distribution, marketing and production efficiency that is coordinated regionally and nationally.

“Indonesia has the healthiest economic growth projection for 2023 in the range of 4.5-5%, where in the fourth quarter of this year people’s purchasing power is running quite fast. In 2023 it will also be a moment of realization of the development of IKN as an infrastructure and property catalyst, as well as contributing to economic recovery. We hope that within two to three years, the cement industry will soon recover through innovation, optimization and efficiency to overcome cost burdens, maintain cost structure and EBITDA consistency,” said Kartika Wirjoatmodjo.{}

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