Pathetic oversupply in domestic market has led to series of consolidation in the cement industry. After acquisition of Holcim Indonesia (SMCB) few years back, the state cement producer Semen Indonesia (SMGR) is getting closer to acquire smaller state cement firm Semen Baturaja (SMBR), awaiting the signing of Government Regulation by President Joko ‘Jokowi’ Widodo.To subscribe please click here