Indocement has opened a new cement terminal in Palembang, South Sumatra, Indonesia. The 0.5Mta terminal will improve the company’s distribution and logistics in the western part of the archipelago.
The cement producer has currently a market share of 14-15 per cent on Sumatra, which is the second-largest market in Indonesia after Java. The new terminal is expected to help raise this to 20-25 per cent.
Indocement owns seven further terminals in Indonesia – Semarang, Lombok, Tanjung Priok, Pontianak, Surabaya, Banyuwangi and Samarinda.
Crown Cement earned a profit after tax of BDT1001m in FY24
Crown Cement PLC, in Bangladesh, recently released its annual report for FY23-24. During the las...