Indocement to invest US$1.17bn

Indocement to invest US$1.17bn
Published: 12 August 2011

Indonesia’s second largest cement maker PT Indocement Tunggal Prakarsa said it will invest US$1.17bn up to 2016 to expand its production capacity.

The company will expand its production capacity to 27.1Mta from 18.6Mt at present.

Its has three factories located in Citereup near Bogor, Palimanan in Cirebon and Tarjun in South Kalimantan.

Company’s president Daniel Lavalle said the plan is to be carried out in four phase to start with the expansion of the factory in Palimanan by 1.5Mt.

The project in Palimanan is already completed to be followed with the expansion of the factories in Citereup and Tarjun and the construction of a new factory in Central Java.