Skip to main content

Semen Indonesia pursues negotiations for JV in Myanmar

Published by
World Cement,


Semen Indonesia is still in negotiations to enter a joint venture in Myanmar, according to The Jakarta Post. Speaking with the company’s finance director, the newspaper learned that though the state-run cement group had hoped to complete plans to branch out into Indonesia by the middle of this year, the process has been delayed by a failure to agree to terms. “We initially planned to enter Myanmar to become a major shareholder in a joint venture and acquire a company,” Finance Director Ahyanizzam is reported to have told press. “We’ve found a suitable partner but negotiations did not turn out well because the other party wants a major ownership, too.” The two companies are said to be revising the agreement, with a view to beginning the project next year.

Semen Indonesia continues to pursue expansion elsewhere in Southeast Asia and has reportedly earmarked up to US$150 million to acquire cement companies in Vietnam, Myanmar and Bangladesh. Aside from the Myanmar JV, the group is said to be planning to acquire a majority stake in a Bangladeshi firm in 1Q15 and expanding its presence in Vietnam through a new acquisition and the expansion of Thang Long Cement, in which Semen Indonesia owns a 70% stake. The group is also said to be exploring opportunities within Indonesia in infrastructure, property, electricity generators, pre-cast concrete, sea ports, logistics and shipping.


Edited from various sources by

Sources:

Read the article online at: https://www.worldcement.com/asia-pacific-rim/01092014/semen-indonesia-pursues-negotiations-for-jv-in-myanmar-392/

You might also like

 WCT2020

Optimisation 2020

Optimisation 2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 

High-level control in cement production

Dirk Schmidt and Eugen Geibel, KIMA Process Control, discuss how the methods of High-Level Control (HLC) have been used in the cement industry in the early 2000s and control ever more complex closed-loop-controlled processes where standard controllers fail.

 
 

Embed article link: (copy the HTML code below):