{
    "success": true,
    "data": {
        "id": 1649208,
        "msgid": "conglomerates-owning-cement-factories-in-indonesia-1775037065",
        "date": "2026-04-01 15:33:28",
        "title": "Conglomerates Owning Cement Factories in Indonesia",
        "author": "Muhammad Idris",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Business",
        "summary": "The Indonesian cement industry is dominated not only by state-owned enterprises but also by a diverse group of domestic and international conglomerates with extensive business networks in property, energy, and manufacturing. Key players include Martua Sitorus through Cemindo Gemilang, Ludwig Kurt Merckle via Indocement Tunggal Prakarsa, Thailand's King Maha Vajiralongkorn through SCG Cement Indonesia, and local entrepreneur Aang Hidjaya with Semen Bima. This ownership structure highlights the significant foreign and private investment in Indonesia's construction materials sector, supporting national infrastructure development.",
        "content": "<p>The national cement industry is not only controlled by state-owned\nenterprises (BUMNs) but also involves several domestic and foreign\nconglomerates. These entrepreneurs have extensive business networks,\nranging from property and energy to manufacturing. Some cement factories\nin Indonesia are recorded as private companies with foreign investment\n(PMA). The following is a list of conglomerates owning cement factories\nin Indonesia, compiled from data from the SIMPK (Construction Materials\nand Equipment Information System) of the Ministry of Public Works and\nthe official websites of each company: Cemindo Gemilang has factories in\nBayah (Banten) and Ciwandan (Cilegon). Ownership of Cemindo Gemilang is\nknown through a Singapore-based company, WH Investments Pte. Ltd.\u00a0Citing\nForbes, Martua Sitorus\u2019s wealth is estimated at around 3.25 billion US\ndollars in 2023. His wealth sources come from the palm oil business\nthrough Wilmar International as well as expansion into other sectors via\nKPN Corporation, including property and cement. German entrepreneur\nLudwig Kurt Merckle is a key figure behind the ownership of PT\nIndocement Tunggal Prakarsa Tbk. Indocement itself is now majority-owned\nby Heidelberg Materials AG, part of the Merckle group. In addition,\nIndocement is also listed as a shareholder in PT Semen Grobogan.\nMerckle\u2019s wealth is estimated at more than 6.3 billion US dollars,\nmaking him one of Germany\u2019s richest individuals. Thailand\u2019s King Maha\nVajiralongkorn is also recorded as having ties to the cement business in\nIndonesia through the SCG group. PT SCG Cement Indonesia is part of The\nSiam Cement Public Company Limited. SCG\u2019s ownership is under the Crown\nProperty Bureau, Thailand\u2019s royal investment institution. The name Aang\nHidjaya also appears on the list of entrepreneurs owning cement\nfactories in Indonesia. He is the owner of PT Sinar Tambang Arta\nLestari, producer of Semen Bima, with its factory located in Ajibarang,\nBanyumas, Central Java. From his LinkedIn profile, Aang Hidjaya is known\nto have served as President Director of PT Panasia Indo Resources Tbk\nand has experience as a director in the Salim Group.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/conglomerates-owning-cement-factories-in-indonesia-1775037065",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}