Semen Indonesia sets 2014 capex target at IDR6trn

PT Semen Indonesia said it requires IDR6trn (US$508m) capital expenditure for expansion in 2014, the company’s president director has said.

Speaking to local media, Dwi Soetjipto, said Indonesia's largest cement producer had between IDR4trn-5trn.

“The available capex currently does not include expansion plans in Myanmar and Bangladesh. To do that, we need a total of IDR6trn,” Dwi Soetjipto, said as quoted by Kontan.co.id.

Soetjipto added that Indonesia's largest cement producer currently has between IDR4trn-5tn and would seek external funding to meet its 2014 capex target.