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.