Cement plant to be built

JAKARTA (JP): Minister of Finance Mar'ie Muhammad laid on Saturday a corner stone for the foundation of a cement plant to be built by PT Semen Bosowa Maros in the South Sulawesi town of Maros with an investment of Rp 535 billion (US$238.83 million).

The president of the Bosowa Group, Aksa Mahmud, said that the cement factory, designed to have a production capacity of 1.8 million tons per year, was expected to be completed within 23 months, so that the plant could start production in 1997.

He said that 60 percent of the cement produced would be sold on the domestic market and the rest would be exported.(31)