Holcim to Distribute Interim Dividend IDR34 per Share

PT Holcim Indonesia (SMCB IJ, Not Rated) will distribute interim dividend of IDR260.5bn or IDR34/share (1.2% yield). The dividend will be paid in October 2014 with cum date set on 19 September. Currently, the company is adding 1.7m tonnes of production capacity to the current Tuban mill #2. The additional capacity is targeted to start contributing in 2015. Meanwhile, SMCB is also building another cement mill in Lampung, but no further details are mentioned.