Semen Indonesia may drop Myanmar investment plan

State-run cement giant Semen Indonesia may cancel its plans to invest in Myanmar if the company and its local partner fail to reach an amicable agreement over the partnership deal, an executive has said. Semen Indonesia corporate secretary Agung Wiharto said that his company was facing another difficult round of discussions with its partner in […]

Semen Indonesia Myanmar investment delays

Semen Indonesia may have to postpone expansion into Myanmar until next year due to prolonged negotiations with its local partner, a company executive told the Jakarta Post. Finance director Ahyanizzam said that despite a suitable partner having been found, discussions regarding the ownership of the joint venture have not proceeded as expected. “We initially planned […]