Semen Indonesia plan US$500mn capital investment

Indonesian cement maker Semen Indonesia is aiming to spend US$500 million on capital investment in 2015. The company expects cement the country’s cement demand to rise due to government continuation of infrastructure projects. Also, the state-run firm predicts that its cement output will reach 40 million tonnes/year by 2017.
August 11, 2014 Read time: 1 min

Indonesian cement maker 7818 Semen Indonesia is aiming to spend US$500 million on capital investment in 2015. The company expects cement the country’s cement demand to rise due to government continuation of infrastructure projects. Also, the state-run firm predicts that its cement output will reach 40 million tonnes/year by 2017.

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August 29, 2014

Semen Indonesia’s $50mn overseas expansion plan

Semen Indonesia, the state-owned cement maker of Indonesia, has set aside US$50 million (€37.92 million)/year for its expansion abroad.

By early 2015 the company aims to beef up the output capacity of Thang Long Cement, its unit in Vietnam, to 2.5 million tonnes/year, from 1.5 million tonnes/year.

At present, Semen Indonesia is also working on the establishment of a joint venture with a private company in Myanmar, and has set aside around $300 million from its budget and bank loans for that.

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