Indonesian/Myanmar companies sign concrete plant MoU

According to Enthus Asnawi, the finance manager of Wijaya Karya Beton (Wika Beton), the concrete company has generated IDR 1.2 trillion (€76.79 million) from its initial public offering (IPO).

The proceeds will be used to finance its expansion including plant expansion. Expansion will be carried to several areas including to Sulawesi, Java and Sumatra.

The state company plans to expand overseas in late 2014 in partnership with its parent company, Wijaya Karya, to Algeria as well as the Middle East an

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.

The managing director of Semen Padang, Benny Wendry said that the physical construction of the Indarung VI cement plant is now 58.4% completed.

The IDR 3.80 trillion (€241.10 million/US$274.25 million) plant is scheduled to start operations in 2016.

Following the operations of the plant, the company’s cement output will increase by 3 million tonnes to 10.4 million tonnes.

The companies involved in the construction of the plant include Bukaka Teknik Utama; Barata Indonesia; Wijaya Karya Konstruksi;

A unit of Wijaya Karya Beton (Wika Beton) will be set up in Indonesia.

Of the some IDR 528 billion (€35.97 million/US$38.74 million) capital expenditure by the company, part of it would be used by Wika Beton for the new unit’s capital.

According to Entus Asnawi Muhson, the company’s finance director, a decision on the new subsidiary islikely to be made in early 2016,

The unit, which aims to cater to a rise in demand for moulds and precast concretes, will be located in East Java.

During July to

Despite already boasting a large road network spanning more than 213,649km of paved highways and some 154,711km of unpaved highways, Indonesia is demonstrating a voracious appetite for closing what is still a gap in its transport infrastructure. Guy Woodford reports.

From next year, Indonesia’s 250 million plus population along with visitors to the archipelago’s thousands of islands will see an awful lot of construction equipment appear at infrastructure development sites.

To well and truly close Indo