# Taiheiyo Cement plans US$220M investment in PT Solusi Bangun Indonesia

Taiheiyo Cement Corp signed an MoU on 21 April 2020 to invest US$220 million in PT Solusi Bangun Indonesia Tbk via a rights issue, and to cooperate on exports and technology sharing.

- Type: Investment
- Announced: 2020-04-21
- Where: Indonesia
- Value: $220.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [PT Semen Indonesia](https://endata.com/companies/22351.md) (partner)
- [Taiheiyo Cement](https://endata.com/companies/32760.md) (investor)
- [PT Solusi Bangun Indonesia](https://endata.com/companies/37390.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/168752/taiheiyo-cement-corp-signs-mou-with-solusi-bangun-indonesia.html), 2020-04-24: "The investment referred to in the MoU is related to the TCC's plan to make an investment in SMCB with SMCB of US$220m."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.