Thailand's biggest cement producer Siam Cement will invest Rp 358 million for a new cement plant in West Java.

Siam Cement is expanding its operations in Southeast Asia with a planned cement plant in West Java estimated to cost Rp 358 million (THB 11 billion). The Bangkok-based company said in a statement that the proposed facility in Indonesia is one of three projects planned for the region. The two other projects are a cement packaging plant in Thailand as well as the expansion of an existing plant in Cambodia.

“The board of directors has approved several new investment projects, totalling THB 23,200 million in the cement and paper businesses. These investments are in accordance with Siam Cement’s strategy to become an Asean sustainable business leader,” said the firm.

The firm estimates demand in Indonesia's cement market at 54 million tons in 2012, growing by between 5% to 10% per annum. Construction requirements stemming from infrastructure projects in the country such as roads, airports and seaports are expected to increase demand for cement and other construction materials.

The new factory in West Java will boost Siam Cement's annual production by 1.8 million metric tons. “This green-field investment is expected to start up in mid-2015 and will include the latest waste-heat power generator system for reduced electrical consumption,” the company added.

In Indonesia, Siam Cement will compete with domestic suppliers including Semen Gresik, Holcim Indonesia and Indocement Tunggal Prakarsa.

Tags: Factory for rent, Warehouse for sale, Industrial property

Related News

• Indonesia - Singaporean Developers Eye RI’s Blooming Properties
• Indonesia - Pertamina Wants To Open Nine Gas Stations In Jakarta
• Indonesia - Property Firm Pakuwon Jati Books Rp 748 Billion In Profit
• Singapore - First Reit To Buy Two Indonesia Hospitals
• Indonesia - Projects To Begin In Mandalika This Year

Tags

Industrial Property News,

industrial property,

Warehouse for sale,

Factory for rent

Bookmarks