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Semen Gresik keen to buy Malaysian cement company.
Byline: Kamarul Yunus
PT SEMEN Gresik, Indonesia's largest cement producer is mulling to acquire a Malaysian cement company this year to boost its production capacity.
Semen Gresik president director Dwi Soetjipto said the company will expand its business overseas this year, by initially focusing on acquiring a Malaysia-based cement company.
"Semen Gresik is prepared to realise its acquisition plan towards cement companies located in Malaysia. This acquisition will enable the company to improve its production with an additional of 1.5 million tonnes of cement," he said in a statement posted on Semen Gresik's website.
He declined to explain in more …
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