Mon, 03 Aug 2009
Jakarta (ANTARA News/Asia Pulse) - Indonesia's second-largest cement maker PT Indocement Tunggal Prakarsa (JSX:INTP) will invest US$80 million this year.

Part of the funds will be used to build a cement mill now under construction in Cirebon, West Java, with a capacity of 1.5 million tons a year.

The project would be completed by the end of this year, Indocement President Daniel Lavalle said here last weekend.

The new production facility would increase the production capacity of the company, which was controlled by Germany's Heidelberger Zement Ltd, to 18.6 million tons a year, Lavalle said.



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