(Editor’s note: There is much greater liquidity on the Indonesia Exchange under the ticker INTP)
Controlled by one of the world's largest cement producers (HeidelbergCement Group; OTCPK:HDELY), Indocement (OTCPK:PITPF), (OTCPK:PITPY) is the #2 cement manufacturer in Indonesia, with annual production capacity of 24.9m MT.
It operates 13 cement manufacturing plants, of which 12 are based in West Java (annual capacity of 22.3m MT) and 1 is based in South Kalimantan (annual capacity of 2.6m MT).
With >40 years of operating history, Indocement's "TIGA RODA" brand is well recognized by end-users in Indonesia (particularly in West Java where majority of its production plants are based). Products are distributed to end consumers via >30k building materials
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