Semen Indonesia signs sales and purchase agreement to buy Holcim Indonesia

Print this page

Indonesia: Semen Indonesia has signed a sales and purchase agreement worth US$917m to buy a 80.6% share of Holcim Indonesia. The acquisition gives Semen Indonesia a production capacity of 53Mt/yr making it the largest cement producer in south-east Asia, according to the Antara news agency. Prior to the purchase it had a capacity of 38.2Mt/yr and Holcim Indonesia had a capacity of 14.8Mt/yr.

Sigit Wahono, the temporary head of the Semen Indonesia Communication Department, said that the company is planning to increase its exports from 10% of total sales at present. It exported 860,060t in 2017. To the end of October in 2018 it had exported 2.3Mt, comprising 1.25Mt of cement and 1.1Mt of semi-finished cement. Its main targets are Bangladesh and Sri Lanka, with the majority of imports coming from Indonesia but 0.7Mt coming from the group’s subsidiary in Vietnam.

Last modified on 18 December 2018

URL: https://globalcement.com/news/item/8497-semen-indonesia-signs-sales-and-purchase-agreement-to-buy-holcim-indonesia

© 2020 Pro Global Media Ltd. All rights reserved.