IDR 2tn to be spent on acquisitions by Semen Indonesia

Semen Indonesia is looking to acquire two companies based in South-east Asia and intends to spend between IDR 1 trillion (€66.77 million/US$ 78.74 million) and IDR 2 trillion on the plan. The cement producer expects to wrap up the acquisition deals within 2015.
January 12, 2015 Read time: 1 min

7818 Semen Indonesia is looking to acquire two companies based in South-east Asia and intends to spend between IDR 1 trillion (€66.77 million/US$ 78.74 million) and IDR 2 trillion on the plan.

The cement producer expects to wrap up the acquisition deals within 2015.

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Revenue of Semen Indonesia hits IDR 25.90tn in 2014

Revenue of Semen Indonesia rose by 20% from IDR 21.60 trillion (€1.54 billion/US$1.73 billion) in 2013 to IDR 25.90 trillion in 2014.

However, the company expects that revenue for 2015 will rise by around 6% to 9% reach between IDR 27.70 trillion and IDR 28.20 trillion.

The Indonesian cement maker hopes that its market share will stay at around 43% to 44%.

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