PT Semen Indonesia to further boost capacity

PT Semen Indonesia plans to spend up to IDR6trn (US$516.4m) on capital expenditure in 2014, up from this year's IDR3trn, which will be used to build a greenfield cement factory. This will boost production capacity and finance working capital, said corporate secretary Agung Wiharto.

Reuters reports that the company will develop plants in Central Java and West Sumatra, and a cement packaging plant worth up to IDR1trn. It expects sales volume of 5.6Mt in the 4Q13 and achieve its 2013 full-year sales target of 24.75Mt, up 10 per cent from a year earlier.