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Jakarta Post
The Jakarta Post
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Holcim to spend $200 million on Tuban plant this year

  • Raras Cahyafitri

    The Jakarta Post

Jakarta | Tue, April 17 2012 | 09:00 am

PREMIUM The Indonesian unit of Zurich based Holcim Ltd., PT Holcim Indonesia, is allocating around US$200 million to support the development of its third cement factory in Tuban, East Java, this year to meet its target of beginning production next year.

The Tuban cement factory, where construction began in December 2010, needs total investment of $450 million.

“This year [the investment] w...