The Fajar Group is to build a cement factory in Barru, South Sulawesi, in collaboration with a Taiwanese firm, Indonesian press have reported.
The 10,000tpd plant will be 80-per cent owned by the undisclosed Taiwanese company, Antara News quoted Fajar Group founder Alwi Hamu as saying.
Hamu added that land clearance has been undertaken for the new plant and construction is expected to begin following Indonesia's legislative and presidential elections next year. He said the IDR7trn investment will include IDR5trn for the cement factory construction, IDR1trn for road construction and IDR1trn for port and ship dockyard.
As well as serving domestic market needs, the new plant will also export to East Timor where large-scale development is now being undertaken.
The Fajar Group is a multi-media company with19 print, electronic and television operations. It also own a university, hotels, travel agencies, printing companies and a number of other business units.