Holcim Indonesia denies conflict of interest

Holcim Indonesia denies conflict of interest
Published: 04 September 2006

PT Holcim Indonesia, the third largest cement maker in the country, said in a disclosure to the stock exchange, that it followed all the correct procedures when securing a waste management project from the Aceh Reconstruction and Rehabilitation (BRR) body. 
 
Its statement follows media reports that allege the firm used the influence of BRR chairman Kuntoro Mangkusubroto to secure the project which involved the destruction of expired medicines left over after a tsunami struck the country in December 2004, causing widespread casualties and destruction.  Mangkusubroto is head of BRR and also a commissioner of Holcim Indonesia. 
 
The company said it was appointed by the Health Ministry to destroy the expired drugs at its cement kiln facility and that it complied with all the necessary permit requirements of the BRR.  "We did not recognize any involvement from Kuntoro Mangkusubroto in the whole process (of winning the project)," it said.