SDIC new projects in Indonesia

SDIC new projects in Indonesia
08 September 2016

State Development & Investment Corp (SDIC), China’s largest State-owned investment holding company by fund volume, has plans to expand its investment portfolio over the next five years, from cement factories to power plants, nickel ore mines and ports in Indonesia.

The company recently began construction of the first phase of a new cement plant in West Papua last week, a 16-month project which represents a US$329m investment and aims to achieve a production capacity of 1.5Mta following completion.

Vice President of SDIC, Li Bing, said further investment will be put into the second phase of the project after six months if the operation and sales are able to maintain a fast growth rate. Further investment would add an extra 1.5Mta of production capacity to the plant. Anhui Conch is responsible for the design of the new plant.

Published under Cement News