Holcim Indonesia has changed its name to PT Solusi Bangun Indonesia (Solution to Build Indonesia) following its takeover by PT Semen Indonesia.

An Extraordinary General Meeting of Shareholders (EGM) of PT Holcim Indonesia Tbk, held on 11 February 2019, approved the company name change.

In addition, two subsidiaries of PT Holcim Beton and PT Lafarge Cement Indonesia were renamed PT Concrete Building Solutions and PT Solusi Andalas Building, respectively.

Semen Indonesia had acquired an 80.6 per cent majority shareholding in Holcim Indonesia after completing a share purchase transaction from its previous owner, Holderfin BV, a subsidiary of LafargeHolcim Ltd, on 31 January 2019.

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