Southeast Asia: tough times – consolidation ahead?
As Western giants are exiting the southeast Asian cement market, a new wave of consolidation, this time by local companies, is taking place. By Manas Tamotia, LEK Consulting, Singapore
China’s Sinoma International Engineering Co Ltd is adding 10,000tpd of cement capacity to
PT Cemindo Gemilang’s production base at the Bayah plant in Banten province, Indonesia
As inflexible Western giants continue to withdraw from their positions in southeast Asia, the region’s cement market is experiencing the beginning of a likely wave of local consolidations, exploring cost-effective regional investment and agile, diverse revenue streams.
