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Semen Indonesia launches new factory construction
Publicly listed state-run cement producer PT Semen Indonesia, via its subsidiary, PT Semen Padang, launched construction of its Rp 3
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ublicly listed state-run cement producer PT Semen Indonesia, via its subsidiary, PT Semen Padang, launched construction of its Rp 3.25 trillion (US$279.5 million) Indarung VI cement factory in Padang, West Sumatra, on Monday.
The new factory, which has an annual capacity to produce 3 million tons cement, is expected to commence operations in the second half of 2016.
State-Owned Enterprises Minister Dahlan Iskan, West Sumatra Governor Irwan Prayitno, PT Semen Indonesia CEO Dwi Soetjipto and PT Semen Padang CEO Munadi Arifin officially launched the construction ceremony.
'We are developing the Indarung VI factory as the demand for cement keeps increasing across Sumatra and western parts of Java," Dwi said in Padang on Monday as quoted by kompas.com.
With the operation of the new factory, Semen Padang's total production capacity is expected to increase to 10.5 million tons of cement per year, up from the previous 7.5 million tons.
Dwi said that Semen Padang sold 6.57 million tons cement in 2013 with a total market share of 45 percent in Sumatra and western areas of Java.
Meanwhile, at the national level, the firm secured 12 percent of market share last year, he added. (nfo)
