Gresik to raise output, proceed with Sumatra plant
Indonesia’s PT Semen Gresik plans to build another plant next year which is expected to be located in Sumatra.
CEO Dwi Sutjipto said his company had allocated IDR3.5-4trn for construction of the new plant. “Around 70 per cent of the fund comes from external parties, such as banks and bonds,” Dwi said yesterday, during the Development Program Implementation 2011 meeting at the Jakarta Convention Centre.
Last year, Semen Gresik’s production stood at 18.5Mt and it is expected to increase production by nine per cent this year. Published under Cement News
