Semen Gresik to raise capacity by 12 pct next yr

Semen Gresik , Indonesia's largest cement maker by output, aims to raise capacity to 23 million tonnes next year from 20.5 tonnes currently, CEO Dwi Sutjipto said on Tuesday. 

The company, which sees production this year at 19.5 million tonnes, plans to build a plant in Kalimantan worth $350 million, in addition to two planned factories in Sumatra and Java islands worth $350 million each.

It also plans to delay issuing $300 million of bonds to 2012 from an earlier plan in the first half this year, said Sutjipto. Source: Reuters