Indonesia's biggest cement firm looks offshore amid glut
State-controlled PT Semen Indonesia may expand into Bangladesh, Sri Lanka and the Maldives, says its new chief
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Jakarta
INDONESIA'S biggest cement producer is looking offshore as a supply glut damps profits at home, says the company's new president director.
Rizkan Chandra, 47, who took over as head of PT Semen Indonesia in May, said that he wants to raise sales outside of Indonesia to 10 to 15 per cent of revenue over the next three years from 5.2 per cent in 2015. The state-controlled company, which already has operations in Vietnam, may expand into Bangladesh, Sri Lanka and the Maldives, he said.
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