JAKARTA (Yosefardi) – State cement producer PT Semen Indonesia Tbk (SMGR) has spend its capital expenditure (capex) of Rp3.5 trillion in the first half of this year, half of this year’s capex (Rp7 trillion).
The capex is used to fund the construction of its cement mill facility in Rembang (central Java) and Indarung (west Sumatera). This new mills will boost SMGR’s cement production capacity to 37.8 million tons from current 31.8 million tons.
SMGR plans to expand its export market to Africa.