Anhui Conch Cement Co Ltd, China’s largest cement manufacturer and seller, announced that its cement project in Indonesia had won approval from the National Development and Reform Commission (NDRC).
The cement giant planned to cooperate with a Hong Kong firm to establish a cement production line with a capacity at 1.55Mta.
The total investment in the project was about US$400m, among which, some US$378m will come from Conch Cement.
