Anhui Conch to set up distribution centre in Indonesia

Anhui Conch Cement is seeking project finance for a US$105m cement transport centre in Palembang, Indonesia. The company plans to raise 80 per cent of the total investment via debt from international and Chinese banks. 

The plans include a transportation and storage centre, with a berth for vessels of a 3000dwt capacity, which will import and export 400,000tpa of cement. The project is expected to be completed within 18 months.