Heidelberger's cement bid

Heidelberger's cement bid

JAKARTA (JP): Germany's cement producer Heidelberger Zement AG
has not submitted its bid proposal for part of the government's
65 percent stake in the publicly listed cement producer PT Semen
Gresik, according to the office of the state minister of
empowerment of state enterprise.

Sofyan A. Djalil, deputy head of the office's communications
department, said Saturday that the German cement producer would
be allowed to participate in the next bidding process.

"Though Heidelberger has not submitted its bid in the first
stage, it would be consider to participate in the next bidding
process," the ministry's spokesperson Sofyan A Djalil said.

Djalil said that there were two firms -- Switzerland's
Holderbank Financiere Glarus and Mexico's Cemex CA -- which have
so far submitted their bids to purchase part of Semen Gresik's
stake. (aly)