Indonesia: Semen Indonesia plans to invest up to US$2bn on expansion projects by 2016, according to the Jakarta Post. The company's finance director Ahyanizzaman was cited as saying that the government-owned cement producer would prepare and invest thee funds in separate stages with around US$190m earmarked for investment in 2013.
Semen Indonesia, which accounts for nearly 50% of the total cement sales in Indonesia, is looking to increase its cement production capacity to 40Mt/yr by 2017 from 30Mt/yr at present to meet the rising demands in Southeast Asia. It plans to around US$580m in 2014 and 2015, and around US$380m in 2016.
