PT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, has outlined several expansion project which will lift the producer’s cement capacity to the 30Mt mark by 2017.
Output at the company, which is the second-largest producer in Indonesia, is targeting at 20.6Mt this year.
Indocement is currently constructing a cement mill at its Citeureup, West Java, site with a production capacity of 1.9Mta which is scheduled for completion in 2013. The Jakarta Post also now reports that the company is in the final planning stage of constructing a new 4.4Mta cement plant at a brownfield site in Citeureup. Furthermore, it is conducting final studies for two Greenfield plans in Central Java and outside Java, each with a capacity of 2.5Mta.
The daily reported finance director Tju Lie Sukanto, as saying that the company would fund the expansion project partly with US$757m of internal cash. “
"Our total capital expenditure this year will probably range between EUR150m-EUR180m. However, the amount might stretch beyond that if we are able to complete the projects much faster," he said.
