Siam Cement Group (SCG), Thailand’s biggest industrial conglomerate, plans to set up a cement plant worth US$200-300m in Indonesia to help cater for demand in Asean’s largest economy.
’’Cement plants cannot be set up in Thailand any more as total capacity is now twice the demand,’’ said corporate treasurer Padungdej Indralak, who is also the executive director for SCG’s Indonesian operations.
The company has obtained an operating licence for the Indonesian plant and is seeking a location. Construction will begin next year with commercial operations to start in 2014.
The project will be a joint venture between SCG, which will hold 95% of the shares, and a local partner that was not named. It is the second cement plant to be set up by the company overseas on top of an existing factory in Cambodia.
The plant will have a capacity of 5000tpd.
Source: The Bangkok Post