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.
Taiheiyo Cement concludes acquisition of 15% stake in Solusi Bangun Indonesia
URL: https://globalcement.com/news/item/11927-taiheiyo-cement-concludes-acquisition-of-15-stake-in-solusi-bangun-indonesia
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