PT Holcim Indonesia aims to start commercial operations of its 1.7Mta cement plant by the middle of 2013, the company’s chief executive said Monday.
"We expect to boost our production capacity to 10Mta by 2013 from 8.3Mt currently," Eamon Ginley told reporters after a shareholders meeting.
Holcim Chief Financial Officer Olaf Nahe added the plant will likely cost about US$450m. "Half of it will be financed from our internal cash, while the other half from bank loans," Nahe said.
The company targets around a 6% increase in its sales volume this year from 6.2Mt in 2010.