Cement News tagged under: Anhui Conch
Indonesia to invest US$6.3bn in new capacity projects24 February 2012, Published under Cement NewsIndonesian cement producers plan to invest IDR57trn (US$6.3bn) to raise domestic production, chairman of the Indonesian Cement Association (ASI) said. The Investor Daily reports the investment is expected to produce an additional 30Mta of cement and could advance total cement production to 90Mta in 2017. Capacity currently stands at 52Mta. “With a population of 240 million and cement prices that continue to go up, it makes Indonesia an attractive market for [investors],” said Urip Timu... |