West China Cement Ltd sold 8 million tons of cement in the first half of 2014, about two-thirds of Semen Indonesia (SMGR). West China Cement’s sales revenue inched up 1.5% only in the period, while Semen Indonesia posted 12.8% growth. West China Cement has market cap of Rp6.07 trillion, while Semen Indonesia at Rp98.6 trillion. Why Indonesian cement companies are so profitable compared to their peers in China and that the new government should do something about it?
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