Boral to build cement plant in Indonesia

Australia's construction materials giant Boral Ltd is not interested in acquiring the controversial 25.5% shares of Cemex SA in PT Semen Gresik Tbk. The company prefers to build a greenfield cement plant in the country.

Boral through Boral Building Materials Pty Ltd (Australia) and Boral International Pte Ltd (Australia) had established PT Boral Indonesia and secured investment approval from Indonesia government recently to build a 1.2 million tones per year cement plant in Lebak, Banten province. The new investment would cost Boral US$183 million and will create 484 new jobs.

Boral has been in the market through a joint venture company called PT Jaya Readymix, the largest supplier of pre-mixed concrete in Indonesia. It also manufactures quarry products and produces kerb and guttering for the Jakarta market. PT Jaya Readymix is a branch of Australian multinational Boral's Cement Division. Boral is a focused International Building and Construction materials supplier.

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