Holcim Ltd plans to invest $450m. in a new 1.6m. tpa cement plant near Tuban in eastern Java, Indonesia, the Swiss company said.
The facility, to be built by Holcim’s subsidiary PT Holcim Indonesia – the country’s third largest cement maker – is expected to start production in Q1 2013.
“The new plant will help to further optimise logistics costs and open up markets cost-efficiently in east Java, Kalimantan and the eastern islands of Indonesia,” the company said.Cement production...