The competition for the cement industry in Sumatra, the second largest market after Java Island, is becoming increasingly tougher with the entry of new players from China. PT Kobexindo Cement, a consortium of the Hongshi Holding Group from China, has reportedly signed a memorandum of understanding with the South Aceh Regency Government regarding the establishment of a new cement factory. This agreement was signed on May 18, 2024 in Jakarta.To subscribe please click here
