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Jakarta Post

Holcim to build new plant in Tuban by 2009 to meet domestic demand

  • The Jakarta Post

Jakarta   /   Tue, May 6 2008   /  09:40 am

Publicly listed PT Holcim Indonesia, the nation's third largest cement producer, plans to build a new plant worth US$400 million with an annual production capacity of 3.5 million tons in Tuban, East Java, by the end of 2009. Corporate communication manager Jeffry Sani said Monday the construction would take around three years to complete. "So we expect the site to start operations in 2011," he said. The firm currently has two plants. Last year it produced a combined output of 7.9 million tons of cement, around 80 percent of the two plant's combined production capacity. President director Tim Mackay is upbeat the new plant would increase company performance. In the first quarter of 2008, the firm booked a 14.9 percent sales increase to Rp 885.77 billion, resulting in Rp 138.17 billion in net profit. In the same period last year, the compan...