Corporate News

Indonesian cement firm eyeing Davao investment

Posted on August 02, 2017

DAVAO CITY -- Two Indonesian companies, a cement manufacturer and a real estate developer, are looking at possible investments in the Davao Region, following the recent 4th Davao Investment Conference (ICon).

Arturo M. Milan, trustee of the Davao City Chamber of Commerce and Industry, Inc., presides over a meeting of organizing committee of the Davao Investment Conference (ICon). Facebook/DavaoICon
Arturo M. Milan, chairman of this year’s Davao ICon organized by the Davao City Chamber of Commerce and Industry, Inc., said PT Semen Indonesia is exploring the establishment of a cement factory within the region, while an unnamed property developer is interested in projects under the National Housing Authority (NHA).

“All the while we were just looking at Japanese and Chinese (investors), but we were surprised that the Indonesian delegates announced that they were looking and exploring the possibilities of setting up a cement plant here,” Mr. Milan said.

Mr. Milan said the Indonesian cement firm was among the participants in the 23 business matching activities during the forum.

PT Semen Indonesia, upon the invitation of Indonesian Consul General Berlian Napitupulu, also attended the Manufacturing Products Expo last July 22-24, right after the Davao ICon.

The property firm, meanwhile, already has socialized housing projects in some African countries, Papua New Guinea, and east Indonesia.

“These are really the tenement housing that goes up to six storeys,” Mr. Milan said.

Representatives of the company, he said, have asked him to help organize a meeting with the NHA to discuss possible ventures.

“I was talking to the managing director of this company about the backlog of 5.5 million units as of today, and every year it accumulates because we cannot hit our annual target and that actually excites the Indonesians,” Mr. Milan said.

“You know in investment conferences, what you are planting is a seed and just allowing them to explore fully... investment is a long process and you got to see the potential, and they have to see also who’s gonna be their local partners,” Mr. Milan said. -- Maya M. Padillo