Semen Indonesia

LafargeHolcim divested its 80.6% interest in Holcim Indonesia to Semen Indonesia for an enterprise value of USD 1.75 billion. The deal includes four cement plants, 33 ready-mix plants, and two aggregate quarries.

Semen Indonesia signed a deal to acquire 80.6% of PT Holcim Indonesia from LafargeHolcim for approximately $917 million, including four cement plants with capacity of 14.8 million tonnes per annum and 30 ready-mix plants.

Semen Indonesia has allocated IDR6 trillion (US$449.1m) for capital expenditure in 2017 to finance an expansion programme including four new cement plants, two packaging plants and a waste heat power plant. The Rembang and Indarung VI plants are in final stages, while Aceh and Kupang plants are slated for completion in 2019 and 2020 respectively.