Indocement prepared to make plant acquisition in 2019

Indocement Tunggal Prakarsa has noted that it is ready to make a cement plant acquisition this year if the opportunity arises. 

"Indocement is in a position that is ready to make an acquisition if there is indeed a cement manufacturer with a strategic location that will be sold," said Antonius Marcos, director and corporate secretary.

Mr Marcos explained that by acquiring a strategic cement plant, it could create a positive synergy and will continue to consider all opportunities available for this action.

The company has been previously linked to the acquisition of Sinar Tambang Arthalestari, owner of Semen Bima. The producer has a factory located in Tipar Kidul, Banyumas, Central Java.