Workers arrange cement sacks at a Holcim warehouse in this file photo. (Antara Photo/Noveradika)

Prosperity Indonesia to Build $400m Cement Plant in East Java


MAY 07, 2015

Jakarta. Prosperity Indonesia, an engineering company from Hong Kong, plans to build its second cement plant worth $400 million in Tuban, East Java, at the end of this year to meet domestic demand for cement.

“The second plant in Tuban will provide the domestic demand of cement. Exports will be implemented if the domestic demand is strong,” said Prosperity Indonesia general manager He Yunfeng on Wednesday.

Prosperity expects to complete construction of its second plant in the next two years. The company has built its first plant in South Kalimantan for $300 million. It has a 3,200 metric-ton capacity of production per day, but the plant is facing short supply of electricity.