Indocement outlines 2014 capex

PT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, plans to spend between IDR4.5trn (US$390.07m) and IDR5trn in capital expenditure this year, up from last year's IDR2.1trn, Reuters cited company Finance Director Tju Lee Sukanto as saying.

Indonesia’s second-largest cement producer commissioned an additional 1.9Mta of grinding capacity during the first quarter of this year. A further 4.4Mta will come on-stream in 2015, with two 2.5Mta greenfield works being planned for 2017 completion.