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Cement Stocks Theme Play: Indonesia biggest cement producer to acquire Malaysia Cement Maker CIMA

Cement: Semen Gresik on the hunt for Malaysian company.   Indonesia’s biggest cement producer, PT Semen Gresik, said yesterday it is in talks to acquire a Malaysian cement maker this year and has set aside more than Rp3.5t for the deal.  (Source: Business Times)   PT Semen Gresik said that it is in talks to acquire a Malaysia cement maker this year and has set aside more than Rp3.5trn for the deal.Sources say the group is in talks with Cement Industries of Malaysia Bhd (CIMA), a unit of UEM Group.