Jakarta (ANTARA News) - PT Semen Andalas Indonesia, a unit of Lafarge SA of France, said it has started reconstruction of an upgraded cement plant that will have capacity of 1.6 mln tons per annum.
The plant is located at the firm's old facility in Lhoknga, Aceh province, which was devastated by the tsunami that struck the province in 2004.
The company said it has also launched the operation of a cement packing unit and port in Lhoknga that costs it 17 mln usd.
It said total investment for the packing terminal, the new 1.6 mln ton cement plant and a coal-fired power plant amounts to 150 mln usd.
The funding will come from insurance claim, shareholders fund and external loan, the company was quoted by XFN Asia as saying.
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