Semen Indonesia may delay Myanmar project

[DagonKhan]

SMGR may delay Myanmar project

Anggi M. Lubis, The Jakarta Post, Jakarta | Business | Mon, September 01 2014, 11:46 AM

State-run cement producer Semen Indonesia (SMGR) may have to postpone its Myanmar expansion plans until next year due to difficulties in negotiating ownership with its local partner, a company executive says.

SMGR finance director Ahyanizzam told reporters over the weekend that the cement giant might be unable to meet the deadline to establish a presence in the Indochina country as negotiations with its local partner had not been completed as expected.

Continues here:- http://www.thejakartapost.com/news/2014/09/01/smgr-may-delay-myanmar-project.html