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