Two Indonesia state-owned cement firms to invest $185m in new factory

Two Indonesia state-owned cement firms to invest $185m in new factory

Signing HoA on new cement plant between PT Semen Indonesia Tbk and PT Semen Kupang (Photo by Vincencia NLS)

Two state-owned cement producers, PT Semen Indonesia Tbk (SMGR) and PT Semen Kupang are planning to build a new cement factory in Kupang, East Nusa Tenggara with a total investment of Rp 2.5 trillion ($185.19 million). The new plant will have a capacity of 1.5 million tons annually.

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