SEMEN GRESIK BECOME REGIONAL PLAYER
Jakarta (ANTARA News) - The Rajawali Group wants PT Semen Gresik, in which it holds a 24.9 pct stake, to become a regional cement maker in future, Rajawali managing director Daryoto Setyawan said.
Setyawan, who was appointed the new deputy chief commissioner of Semen Gresik today, said there was no firm timetable for the regional expansion plan though he hoped to get it underway by next year.
July, Rajawali acquired its stake in Semen Gresik from Mexican cement maker Cemex SA for 337 mln usd.
To expand regionally, Semen Gresik, could either acquire existing plants or start its own plants in neighbouring country Malaysia or Thailand, Setyawan was quoted by XFN-Asia as saying.
The firm is presently Indonesia's largest cement maker with a market
share of about 45 pct. (*)
Setyawan, who was appointed the new deputy chief commissioner of Semen Gresik today, said there was no firm timetable for the regional expansion plan though he hoped to get it underway by next year.
July, Rajawali acquired its stake in Semen Gresik from Mexican cement maker Cemex SA for 337 mln usd.
To expand regionally, Semen Gresik, could either acquire existing plants or start its own plants in neighbouring country Malaysia or Thailand, Setyawan was quoted by XFN-Asia as saying.
The firm is presently Indonesia's largest cement maker with a market
share of about 45 pct. (*)
posted by Zumrowi Yunus at
3:35 PM
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