Holcim Indonesia reviewing plan to build new plant

Holcim Indonesia reviewing plan to build new plant
Published: 29 January 2009

PT Holcim Indonesia is reviewing its plan to build a cement plant in East Java this year due to the current global credit crunch, an official said Thursday.

"Many companies are reviewing their investment plans, we are also doing it," Rusli Setiyawan, a spokesman for Indonesia’s third-largest cement producer by output, told Dow Jones Newswires.

The company had planned to spend around US$500m to build the cement plant in East Java, with an output of 4000tpd, Setiyawan said.

He said that the company’s existing plants are still running close to total peak capacity of 7.9Mta.