Holcim invests in Java
First published on www.AggBusiness.com
Continuous economic growth in Indonesia is the main driver behind a decision by Holcim to build a new US$450million cement plant on the island of Java. The new facility is expected to have a capacity of 1.6million tonnes per year and will be located in the eastern part of the main island of Java, near the city of Tuban.
The new plant with open sea loading and unloading facilities will go into service in the first half of 2013, providing all necessary local licenses are granted in due time. This investment will allow Holcim Indonesia to keep up with the expected market growth.
Holcim has said that in the years 2000 to 2009, the gross domestic product grew by an annual mean of 5% and the cement consumption rose over-proportionately. The highest volume growth was recorded on the main island Java. According to forecasts, growth in the construction industry will further accelerate in coming years.