Semen Indonesia on lookout for overseas cement companies

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Indonesia: Semen Indonesia is planning to spend up to US$100m in 2016 to buy foreign cement companies outside of Indonesia to grow its revenue, a company official has told Reuters. Agung Wiharto, the company's corporate secretary, attributed the move to local competition. He didn’t mention which countries the cement producer is considering. Semen Indonesia’s revenue fell slightly year-on-year to US$2.01bn in 2015.

Last modified on 15 June 2016


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