Indocement to invest in new factory, Indonesia

PT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, is set to construct a new cement factory in Citereup, West Java, according to local press reports.

Asia in Focus has reported that the company is investing US$440m in the new facility. Corporate secretary Sahat Pangabena, however, refused to give details about the plan, saying Indocement will announce details later this month.