Aside from the new 1.5mn tons cement mill which will start operating this month,they will build another cement mill in Citeureup with a total investment cost of around US$300-450mn.This is sooner than their previous plan,given unexpectedly strong demand.They previously mentioned that new plant will have a capacity of 2-3mn tons/year.
As for this year,they budgeted around US$75mn for FY10 capex,which some US$18.7mn has been spent in 1H10.Other than that,the company will also build its own power plant with a capacity of 2X50MW.On valuation basis,the company is currently trading at PER10F of 17.7x (vs average peers of 16.5x).
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