Siam Cement Group boosts Indonesian investment

By next year, Siam Cement Group (SCG) will have invested US$1.4 billion in the Indonesian cement industry. President and CEO Kan Trakulhoon is quoted in the Jakarta Post as saying: “As of 2014, we have total assets of around US$1 billion. Because we are happy with the investment climate in Indonesia, which is good, we are planning to increase the total investment to US$1.3 billion to US$1.4 billion in 2015.”

SCG is currently building a new plant in Sukabumi in West Java, which is set to commence production in the middle of next year. The 1.8 million tpa plant will be operated by the group’s wholly-owned subsidiary, PT Semen Jawa. The company also told the newspaper that its new plant will have a waste heat power generation system, similar to that employed at the group’s plant in Lampang in Thailand. It is hoped that the system would reduce energy usage by 25 – 30%. Combined, the two waste heat could reportedly cut greenhouse gas emissions by more than 300 000 tpa.

Edited from various sources by Katherine Guenioui

Read the article online at: https://www.worldcement.com/asia-pacific-rim/17112014/siam-cement-group-boosts-indonesian-investment-862/