Bosowa Maros plans IPO by 2016

The Bosowa Group of Indonesia plans to take its cement unit, Semen Bosowa Maros, to an initial public offering by 2016.

“We may go public within the next two years. The market’s been anticipating Semen Bosowa will go public, since many cement makers have entered the bourse,” Sadikin Aksa, managing director at Bosowa Corporindo, told the Jakarta Globe.

While the company is focussing on the local market for the time being, it also plans to expand to Vietnam and Myanmar within five years, according to chief executive of the Bosowa Group, Erwin Aksa.