INDOCEMENT TO RAISE PRODUCTION BY 1.5 MILLION TONS

Jakarta, March 15 (ANTARA) - Publicly-listed cement maker PT Indocement Tunggal Prakarsa Tbk looks set to raise its annual production by 1.5 million tons as of May when its two new cement plants start production.

Indocement corporate secretary Dani Handayani said on Monday the construction of the two new cement mills cost an estimated US$35 million.

She said the company was also planning to build another cement mill in Citeureup, West Java, with a production capacity of 1.5 million tons. The new cement mill is expected to start production in 2012.

Indocement has set itself the target of producing 20.1 million tons of cement this year compared to 18.6 million tons last year.

Indonesia's cement consumption grew 0.9 percent to 38.4 million tons last year while its cement mills had a combined production capacity of 46.2 million tons.