Indonesia: SMGR, Samana Citra set up JV firm to build cement plant, invest $383.3m

Indonesia: SMGR,  Samana Citra set up JV firm to build cement plant, invest $383.3m

CEO PT Semen Indonesia Tbk Suparni, Deputy for SOEs Minister Fajar Harry Sampurno and CEO Samana Citra Agung Deni Fahlevi - Photo by Semen Indonesia

PT Semen Indonesia Tbk (SMGR), Indonesia’s largest cement maker, and PT Samana Citra Agung on March 17 signed agreement to set up a joint venture company, called PT Semen  Indonesia  Aceh, which will engage in producing and distributing cement.

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