Swiss cement maker Holcim is looking into building a new factory in Indonesia, but has yet to make a decision, a spokesman for the group said on Monday (24/9/07).
"It is correct that Holcim is looking into building a new factory. The process has not been completed, no decision has been reached," the spokesman said, according to Reuters.
Bisnis Indonesia reported that Holcim would spend $300 million building a new factory in Tuban, East Java through its PT Holcim Indonesia subsidiary.
The Holcim spokesman declined to comment on financial details.