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Cement Industry

Five Years to Recovery

Monday, 16 October 2000

Foreign investors are scrambling to take over Indonesia's debt-ridden cement industry – for a song.
. tempo : 167561765740

Indonesia's ailing cement industry is attracting foreign investors who are out to take control and cash in on a highly promising market. At least four of the world's cement giants -- Heidelberger Zemen of Germany, Mexico's Cemex S.A., Holderbank of Switzerland and LaFarge of France – are in the wings ready to buy into or increase their stakes in Indonesian cement companies battered by the 1997 monetary crash.

Heidelberg, for one, is set to tak

...

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