Papua plans to build first cement factory
Jakarta (ANTARA News/Asia Pulse) - Papua will build its first cement factory with an annual production capacity of 1 million tons in 2010, the Indonesian regional administration said.
Papua Governor Barnabas Suebu said the project will cost Rp2.7 trillion(US$270 million), adding cement demand is growing in that region.
Barnabas said Freeport Indonesia, the US company operating the country's largest copper and gold mine in that region has agreed to contribute Rp1 trillion to the total investment and the rest is expected to come from other investors.
The project is still in the pipeline, he said giving no further details.
Papua Governor Barnabas Suebu said the project will cost Rp2.7 trillion(US$270 million), adding cement demand is growing in that region.
Barnabas said Freeport Indonesia, the US company operating the country's largest copper and gold mine in that region has agreed to contribute Rp1 trillion to the total investment and the rest is expected to come from other investors.
The project is still in the pipeline, he said giving no further details.