Semen Indonesia enters property sector

According to Dwi Soetjipto, the managing director of Semen Indonesia, the company is planning to team up with property developer Wijaya Karya in the country to develop office and residential buildings on its ex-cement plant site. The Indonesian cement producer is said to be planning to set up a 50:50 new joint venture unit for this purpose. It is reported that involvement in the infrastructure sector, such as toll road and the power plant business, are being explored.
August 28, 2014 Read time: 1 min

According to Dwi Soetjipto, the managing director of 7818 Semen Indonesia, the company is planning to team up with property developer 7481 Wijaya Karya in the country to develop office and residential buildings on its ex-cement plant site.

The Indonesian cement producer is said to be planning to set up a 50:50 new joint venture unit for this purpose.

It is reported that involvement in the infrastructure sector, such as toll road and the power plant business, are being explored.

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Semen Indonesia plans to double output by 2030

According to Dwi Soetjipto, managing director of Semen Indonesia, the state-owned cement company is aiming for its output capacity to reach 72.9 million tonnes in 2030, a two-fold increase from the present capacity at 31.8 million tonnes.

The target will be achieved via acquisitions as well as setting up of new plants.

Meanwhile, Semen Gresik, a unit of Semen Indonesia, has inaugurated its new headquarters in Tuban.

The inauguration of the new office was in conjunction with the 57th anniversary of

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