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News Taiheiyo Cement concludes acquisition of 15% stake in Solusi Bangun Indonesia

Taiheiyo Cement concludes acquisition of 15% stake in Solusi Bangun Indonesia

Written by Global Cement staff 01 February 2021
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Japan/Indonesia: Taiheiyo Cement says that its board has approved and concluded its deal with Semen Indonesia to buy a 15% stake in its subsidiary Solusi Bangun Indonesia (SBI) for around US$220m. As part of the agreement, SBI’s Tuban plant will increase its export capacity by building a new jetty and silos. It will then export 0.5Mt/yr of cement to Taiheiyo Cement’s subsidiary in the US. The Japanese cement producer said that is focusing on markets in South-East Asia as part of its sustainable business development strategy in response to projected long term declining cement demand in Japan.

Last modified on 03 February 2021
Published in Global Cement News
Tagged under
  • Japan
  • Indonesia
  • US
  • Taiheiyo Cement
  • Semen Indonesia
  • Solusi Bangun
  • Plant
  • Upgrade
  • Silo
  • Export
  • GCW491

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