JAKARTA (Yosefardi) – SCG Indonesia targets 25% revenue growth this year, compared to US$423 million revenue last year, along with the operation of new production facility of PT Semen Jawa in third quarter of 2015, Bisnis Indonesia reported.
SCG Indonesia booked revenue of US$126 million in fourth quarter of 2014, a 15% growth compared to the same period of 2913.
New cement production facility, based in Sukabumi, West Java, will produce 1.8 million tons of cement per year with investment cost reaching US$356 million.
SCG expects to have 4% cement market share by 2016. Cement producers in Indonesia experience lower profit growth in recent years due to growing operating costs.