Product development

Semen Gresik plans increase in production

Published

on

Shares

PT Semen Gresik, Indonesia’s largest cement producer, plans to produce 20 million tonne of cement this year, an 8.11 per cent rise from 18.5 million tonne in 2010 to meet rising domestic demands for cement. Dwi Soetjipto, President Director, Semen Gresik said that to meet the target, his company would boost the production of its existing plants in Padang, West Sumatra; Gresik, East Java; and Tonasa, South Sulawesi. "We expect our revenue to grow by 10 per cent and profit by 15 per cent this year with the additional production of 1.5 million tonne from our upgrading capacity projects," he said after an extraordinary shareholders’ meeting in Jakarta. Dwi further said that as part of its expansion plan, the company was finishing two cement plants in Tonasa and Tuban with an annual production capacity of 2.5 million tonne each and a 2 x 35 MW power plant in Tonasa to support its future operation. The company also plans to build two other plants in West Sumatra in 2011 and Central Java in 2012. Apart from these plans, Dwi said, his company was allocating $500 million to acquire two cement companies this year in a move to enhance its production capacity over the next few years. And with these investments, the company plans to add another 2.5 million tonne to its total production.

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending News

© COPYRIGHT 2024 ASAPP Info Global Services Pvt. Ltd. All Right Reserved.