Semen Indonesia plans IDR4trn capex in 2014

Semen Indonesia plans to spend IDR4trn (US$328.81m) to construct two plants in Rembang (Central Java) and Indarung (West Sumatra), the company’s CEO, Dwi Sutjipto, has said.

Indonesia’s largest cement producer also plans to improve its distribution capabilities by establishing packaging factories in Balikpapan, Pontianak and North Sulawesi.

Last year the company registered a net profit of more than IDR5.7trn, up 16 per cent YoY.

Looking ahead, Semen Indonesia has said it is optimistic that domestic demand growth will increase by six per cent this year, given the bright prospects for industrial development and economic growth.