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. Additi
August 29, 2014 Read time: 1 min

7818 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.

Additionally, the cement giant intends to acquire a grinding mill in Bangladesh and is carrying out an evaluation on some potential companies for the acquisition.

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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.

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