Based on road map, SGG Prima will have 10 batching plants by end of this year. SGG Prima focuses to serve markets in Jakarta, Bogor, Depok, Tangeran, Bekasi, West Java and Banten.
SGG Prima is also in the process of acquiring PT Varia Usaha Beton (VUB), readymix company operated in West Java, East Java, and Bali.
SMGR shares declined 0.32% to Rp15,700 per share on Tuesday (Jan 15). At this price, it has market capitalization of Rp93.12 trillion. (hans@theindonesiatoday.com)