Taiheiyo Cement

Taiheiyo Cement Corporation will acquire a stake in PT Solusi Bangun Indonesia Tbk. through a rights issue worth US$220 million, planned for July 2021. The transaction is a continuation of the cooperation between Taiheiyo Cement and Semen Indonesia Group.

Taiheiyo Cement Corp signed a capital transfer and inclusion agreement and offtake agreement with PT Solusi Bangun Indonesia Tbk and PT Semen Indonesia Industri Bangunan on 26 January 2021. Taiheiyo plans to invest US$220m for at least 15% of shares.

Taiheiyo Cement and Semen Indonesia have finalised a collaboration agreement covering cement and clinker promotion, sales, and R&D. Taiheiyo Cement will buy shares in Semen Indonesia's subsidiary Solusi Bangun Indonesia, with the deal expected to close in early 2021.

Taiheiyo Cement Corp. announced plans to build a new production line in Cebu, Philippines, through its subsidiary Taiheiyo Cement Philippines Inc. The P15 billion project will increase cement capacity by 50% in the immediate term.

Taiheiyo Cement will transfer its 71.99% equity stake in Chinese subsidiary Qinhuangdao Asano Cement to Qinhuangdao Changyang Concrete. The transfer is scheduled for mid-September 2020.

Taiheiyo Cement has announced the acquisition of a 15% stake in Solusi Bangun Indonesia, a subsidiary of Semen Indonesia, for between US$186m and US$232m.

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.

Taiheiyo Cement has allocated US$65 million for a new unit and equipment at its San Fernando plant in Cebu, Philippines, to increase cement production from 7,350 t/day to 16,350 t/day. An additional US$68 million will upgrade dust collectors.