Cementing Ties?

Cemex will relinquish Gresik for a new plant. Sampoerna and Boral are candidate investors.

June 7, 2005

LIKE a marathon, the conflict between Cemex and the Indonesian government is nearing the finish line. Two months before an arbitration hearing, the news broke out that the Mexican cement company was prepared to relinquish 25.37 percent of its shares in Gresik Cement. "The government has received assurances on it," said Coordinating Minister for the Economy Aburizal Bakrie.

The conflict emerged two years ago. Cemex deemed the Indo

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