Indonesia's cement maker Semen Gresik said it had allocated $200 million to finance acquisitions and the company's investment in Myanmar which is projected to start in 2014, the Jakarta Globe reported Wednesday.
"We will have a joint venture and we are seeking a strategic partner in Myanmar," Dwi Soetjipto, president director of Semen Gresik, was quoted by the Jakarta Globe as saying. Semen Gerik will build two new cement factories with a production capacity of 3 million tons each, in 2013. One will be in Padang, West Sumatra, and the other in Rembang, Central Java.
![20120731_033052_semen2](https://goodnewsfromindonesia.id/wp-content/uploads/2012/11/20120731_033052_semen2.jpg)
(Xinhua)
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