Aree Chavaltcheewingul from Siam Cement Group (SCG) said that the Thai cement producer is to invest to build a cement plant in Sukabumi, West Java.
Work on the US$365 million (€331.55 million) plant, with capacity of 1.8 million tonnes/year, has started.
The Thai cement producer is planning to increase its research and development budget to IDR 2.62 trillion (€172.49 million/US$189.89 million) and IDR 3.245 trillion respectively in 2016 and 2017.
During the third-quarter of 2015, its operations in
Aree Chavaltcheewingul from
Work on the US$365 million (€331.55 million) plant, with capacity of 1.8 million tonnes/year, has started.
The Thai cement producer is planning to increase its research and development budget to IDR 2.62 trillion (€172.49 million/US$189.89 million) and IDR 3.245 trillion respectively in 2016 and 2017.
During the third-quarter of 2015, its operations in Thailand reported profit of IDR 3.527 trillion compared to a year earlier while revenue was at IDR 43.455 billion, a drop of 11% from 2014.
