Indonesian Political, Business & Finance News

FLS wins RI orders

| Source: REUTERS

FLS wins RI orders

COPENHAGEN (Reuter): Danish cement and engineering firm FLS
Industries A/S said yesterday it won orders worth a total of 1.2
billion crowns to deliver three production lines to the
Indonesian cement industry.

The first order was for a 7,800 tons per day production line
to be delivered to Indonesian state-controlled cement company PT
Semen Gresik. The second contract was also for a 7,800 tons per
day production line, ordered by another state company, PT Semen
Padang.

The third order was for machinery for a new 7,500 tons per day
cement factory to be set up on Kalimantan by a joint venture
between Indonesian cement producer Indocement, Korean company
Kodeco and Japanese trading company Marubeni.

FLS said estimated economic growth in Indonesia would create
the need for building one or two new cement plants each year and
that it was well-placed to play a continued role in the country
where its market share in the cement sector is now more than 75
percent.

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