Semen Gresik may leave Pati due to tough land acquisition
Suherdjoko and Novia D.Rulistia
The Jakarta Post
PREMIUM The country's largest cement producer, PT Seman Gresik, plans to withdraw its investment from a US$320 million plant due to the country's tough land acquisition regulations. The company's head of communications, Saifuddin Zuhri, said the plant, located near Kendeng Mountain in Pati regency, Central Java, was expected to produce 2.5 million tons of cement annually. "There hasn'...