CLICK TO WATCH : ‘ SEMEN INDONESIA ’ 245
Cement ( a subsidiary of Semen Indonesia Group ) contributed 2.3mn tons . In order to diversify its product portfolio , increase penetration into new verticals and reach a larger customer base , Semen Indonesia consistently works to expand through a series of strategic acquisitions . In January 2019 , the company purchased a majority stake in fellow building materials manufacturer , PT Holcim Indonesia , for a total consideration of US $ 917mn . “ Holcim ( which has rebranded as Solusi Bangun Indonesia Tbk ) contributes strategic and operational value to
Semen ,” explains Tholchah . “ The acquisition will help us maintain a dominant role in the Indonesian market , create significant operational synergies in centralised procurement , logistics and maintenance , and finally catalyse and enhance our strategy with scale-based benefits along the value chain .”
The acquisition also brings new technology to the table , as the company operates processes for producing energy from waste , which can be deployed across Semen Indonesia Group ’ s facilities to further increase company-wide efficiency . This is
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