Holcim Indonesia to build $500m cement plant in East Java
PT Holcim Indonesia, the country’s third-biggest cement producer, said it is planning to build a new cement plant with production capacity of 1.5Mta, at a cost of around $500m in 2009, Investor Daily reported Friday, quoting company president Timothy Mackay.
Once completed, the plant is expected to boost Holcim Indonesia’s production capacity to 9.4Mta.
The new cement plant will be located in the East Java town of Tuban, Mackay said.
The construction of the new plant is in anticipation of growth in domestic demand for cement, in line with the government’s plan to accelerate infrastructure projects and the property sector’s recovery. Published under Cement News
