Cement News tagged under: Daniel Lavalle
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An Asian adventure22 May 2013, Published under Cement NewsIn 2001, HeidelbergCement Group became a major shareholder in PT Indocement Tunggal Prakarsa Tbk, the second-largest cement producer in Indonesia, in a deal worth over US$1bn. At the time, Indonesia was recovering from the 1997 Asian Financial Crisis, as a result of which GDP growth had collapsed, significant political strife was destabilising the country and cement demand had fallen by 30 per cent. In short, the deal was a calculated bet on the future of Indonesia. It proved well timed, wit... |
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