
PT Semen Indonesia Chief Executive Dwi Soetjipto poses for a photograph at his office in Jakarta on April 29, 2013.
Reposted from The Irrawaddy
By JANEMAN LATUL & ANDJARSARI PARAMADITHA
JAKARTA — PT Semen Indonesia plans to build a $200 million factory in Burma in 2014 as it expands its business in Southeast Asia to take on Thai rival Siam Cement Pcl, the head of country’s biggest cement maker said.
The Burma plan is the latest expansion strategy by the Gresik-based company, which became the first Indonesian state-owned firm to make an overseas corporate acquisition when it bought a majority stake in Vietnam’s Thang Long Cement in 2011.
“If everyone is in Vietnam and Myanmar and we just play in Indonesia, then, like playing chess, we will be squeezed,” Chief Executive Dwi Soetjipto told Reuters on Tuesday, while listening to rock music in his spacious office in Central Jakarta.
“That’s why we put our bishop in Vietnam and our knight in Myanmar.” More…








