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News Taiheiyo Cement and Semen Indonesia finalise collaboration agreement

Taiheiyo Cement and Semen Indonesia finalise collaboration agreement

Written by Global Cement staff 09 December 2020
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Indonesia/Japan: Taiheiyo Cement and Semen Indonesia have finalised a collaboration agreement with the aim of building a comprehensive partnership, including consultations on promotion and sale of cement and clinker. Taiheiyo Cement said, “The business alliance is for business collaboration and research and development of cement, resources, environment, building materials and more.”

In accordance with the agreement Taiheiyo Cement will buy shares in Semen Indonesia’s subsidiary Solusi Bangun Indonesia, formerly Holcim Indonesia. The deal is expected to be completed in early 2021. In April 2020 Taiheiyo Cement agreed to buy a 15% stake in Solusi Bangun Indonesia for between US$186m and US$232m.

Published in Global Cement News
Tagged under
  • Indonesia
  • Japan
  • Taiheiyo Cement
  • Semen Indonesia
  • agreement
  • Stake
  • Solusi Bangun
  • GCW485

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