PT Indocement to build two cement mills

Jakarta (ANTARA News/Asia Pulse) - Indonesia's second largest cement maker PT Indocement Tunggal Prakarsa (JSX:INTP) has said it will build two cement mills with an investment of US$50 million in West Java next year. 

The cement mills to be built in Cirebon will have a total capacity of 1.5 million tons, company finance director Christian Kartawijaya said. 

Kartawijaya said the company will also use part of its capital spending of around US$85 million set for 2009 to buy an andesite deposit in Purwakarta with a reserve of 100 million tons.