Men work at PT Semen Indonesia's factory. (Illustration)

Semen Indonesia invests 3.73 trillion IDR for new factory

REPUBLIKA.CO.ID, SEMARANG - Indonesian biggest cement factory, PT Semen Indonesia invested 3.72 trillion IDR for new plant construction in Rembang, Central Java. The factory has capacity of 3 million tonnes per year. President Director of Semen Indonesia, Dwi Soetjipto said that the initial construction would be carried out June 2014, followed by preparation, equipment procurement and engineering activity.  "We expect the...

A worker checks the quality of crude palm oil (CPO) in a state CPO processing unit at Indonesia's North Sumatra province May 29, 2012.

Indonesia palm refining capacity to rise 50 pct, may cut CPO exports

REPUBLIKA.CO.ID, JAKARTA - Palm refining capacity in Indonesia is forecast to jump almost 50 percent this year, according to industry officials, a rise that would likely reduce crude palm oil (CPO) exports and provide a short-term boost to Malaysian benchmark prices. The cut in exports would leave some Malaysian palm refiners short of feedstock, lifting prices as competition for CPO...