PT. Semen Indonesia controls 70% shares of Thang Long Cement Vietnam
PT. Semen Indonesia (Persero) Tbk, which previously known as PT. Semen Gresik, finally acquired Thang Long Cement Vietnam officially January 2013. With the investment around Rp. 1,5 trillion, Semen Indonesia controls 70% of the Thang Long Cement shares.
The production capacity of Thang Long Cement factory is targeted to reach 2,3 million tons in 2013 and is prioritized to meet the cement’s domestic consumption of cement in Vietnam. However, if there is excess production, the cement will be exported to the neighboring countries like Singapore and Bangladesh.Currently, Thang Long produces 1.3 million tons of cement.
According to Marketing Director of PT Semen Indonesia (Persero) Tbk, Amat Pria Darma, after officially acquire Thang Long, now Semen Indonesia aims to target Myanmar with an investment value equals to the investment in Thang Long, Vietnam. However, Semen Indonesia is still undergoing internal evaluation and assessment stage. Quoted in The Jakarta Post, the President Director of Semen Indonesia, Dwi Soetjipto said that Semen Indonesia planned a new plant in Myanmar by the end of 2013 and now is approaching local partners in Myanmar with a view towards a joint venture and the new cement plant in Myanmar should be finished by the end of 2013.
If the expansion prospect in Myanmar shows a positive result, Semen Indonesia will acquire it through bank loan or issue bonds. It depends on which one that gives more advantages, due to the high interest loan to be borne by the company.
Even though Semen Indonesia has became the holding company of PT. Semen Gresik, PT. Semen Padang, PT. Semen Tonasa and Thang Long Cement, the trade brand will not change into Semen Indonesia. As said by Amat Pria Darma, Semen Gresik will still be the trade brand of Semen Indonesia in East Java and Central Java while Semen Padang will remain unchanged as the market brand for Jakarta, West Sumatra and surrounding. It goes the same for Semen Tonasa for Indonesia’s eastern region and Thang Long Cement for Singapore, Vietnam and Bangladesh.
PT. Semen Indonesia expects to produce a total of 28.3 million tons in 2013, including 2.3 million tons from Thang Long. Beside increasing productivity, PT. Semen Indonesia also plans to build a cement factory in Rembang, Central Java, which is estimated valued of Rp. 3,7 trillion investment (US$ 383 million). The construction of this new plant will be started in the first quarter of 2013. Moreover, it also plans to build a new plant in Padang, West Sumatera. These two new cement plants are expected to have a production capacity over 2.5 million tons.
(AY – www.antaranews.com, http://www.thejakartapost.com, http://www.semengresik.com)