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Thai cement giant SCG Group has acquired its seventh packaging company in Vietnam, Bien Hoa Packaging, at a cost of VND2.07 trillion ($89 million). The company owns a 94.11 percent stake in the company through its subsidiary Thai Containers Group Company Ltd,…
Cement maker Semen Indonesia is buying the local unit of Swiss rival LafargeHolcim for around $917 million, as it seeks to extend its dominant position in Southeast Asia’s largest market. Semen Indonesia said in a statement it had signed a deal to acquire…
The country’s cement consumption in the first two months of the year posted a year-on-year increase of 85 per cent to reach 18.55 million tonnes. According to statistics of the Department of Building Materials under the Ministry of Construction, cement…
Cement company PT Semen Indonesia is still able to record an increase of up to 10 percent in sales in the midst of current tight competition and growth of infrastructure projects which has not been as expected. “Sales in the period from January to May 2017…
The Indonesian Cement Association is optimistic that Indonesia could grow into Asia’s largest cement producer by 2017, as eight new production plants with a combined capacity of 24 million tonnes are set to begin operations in the next two years. After…
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