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Jakarta Post

Holcim kick-starts production at Tuban 1

  • The Jakarta Post

    The Jakarta Post

Jakarta   /   Wed, June 18, 2014   /  08:37 am

Publicly listed cement maker PT Holcim Indonesia announced on Tuesday that it had begun producing cement from its Tuban 1 plant in East Java.

The operation of the new facility adds 1.7 million tons per annum to the company'€™s total production capacity.

'€œThis new capacity positions Holcim Indonesia in a very favorable position to capture future growth,'€ Holcim Indonesia CEO Eamon Ginley said in his remarks during the inauguration of the plant, the biggest investment Holcim has ever realized worldwide.

'€œParticularly in East Java, we expect to double our market share from today'€™s 9 percent to 16 percent.'€

The company has disbursed US$800 million to construct the Tuban 1 and Tuban 2 production facilities.

Each of the two factories can produce up to 1.7 million tons of cement per year. Tuban 1'€™s cement mill began operating in October 2013 but it just started production on Tuesday, while Tuban 2 is due to commence operations in the first quarter of 2015.

'€œThe additional 20 percent boost in production from Tuban 1, and a further increase of another 20 percent in capacity that Tuban 2 will bring once it is completed in early 2015, will provide competitive advantages ['€¦] with low production costs and close proximity to customers,'€ Holcim said in a press statement.

Apart from the Tuban facilities, the company and its subsidiaries have a total annual production capacity of 8.2 million tons of cement in Indonesia and another 1.2 million tons in Malaysia.

 

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