Loading…
PT Semen Indonesia (SMGR) has agreed to buy an 80.6% stake in PT Holcim Indonesia from LafargeHolcim for US$917 million, acquiring four cement plants with combined capacity of 14.8Mta, 33 ready-mix facilities and two aggregate quarries.
Kupang Cement will start construction of a new IDR 2 trillion (US$1.49 billion) cement plant in the Bolok Industrial District, Kupang, with a capacity of 1.5 million tonnes per year. Groundbreaking is scheduled for March 10, 2017.