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Semen Indonesia may delay Myanmar project

DagonKhan
in Myanmar General Chat

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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.

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