On August 28, Red Lion Holding Group and Bosova Group of Indonesia reached a project cooperation and successfully signed a 100% equity transfer agreement for Balikpapan Cement Transfer Depot in Jakarta.
Project Signing Ceremony
Mr. Sadikin Aksa, President of Bosova Group, Ms. Evyana Mukti Rahayu, Chief Financial Officer, Mr. Ryan Anggera Nirwan, Mr. Abdul Gaffar, Mr. Ahmad Muhiddin, shareholders of Balikpapan Transbank, Guo Qizheng, Vice Chairman and Vice General Manager of Red Lion Group, Hu Shuguang, Chairman of Indonesia Region, Lai Weipeng, General Manager of Indonesia Region and Dongjia Red Lion, and Li Ping, Vice General Manager of Administration and Personnel Department, attended the signing ceremony.
Balikpapan Cement Transit Depot is a subsidiary of Bosova Group. The project is located in Batuanpa District, Balikpapan City, East Kalimantan Province, about 30 kilometers away from the new capital of Indonesia, about 95 kilometers away from Samarinda, the capital city of East Kalimantan, and about 160 nautical miles away from Dongjia Red Lion Shipping. The geographical advantage is obvious and the cement market has broad prospects. The daily transit capacity of the project is 2000 tons, and the supporting special wharf can greatly improve the cement supply guarantee capacity of Dongjia Red Lion in Balikpapan and Samarinda areas, and provide high-quality cement for local infrastructure construction.
Indonesia is an important fulcrum for Red Lion Group to implement the "the Belt and Road" project. The Group is optimistic about the economic development prospects of Indonesia, which has a large land area, a large population, a large space for infrastructure improvement, a huge economic development potential and a broad cement market prospect. At present, the Group has built and put into operation two large-scale cement plants in Indonesia, namely, the Renmo Red Lion Project with a daily output of 8000 tons completed and put into operation in May 2020, and the Dongjia Red Lion Project with a daily output of 10000 tons completed and put into operation in August 2023, with a total annual capacity of 7 million tons and good economic and social benefits.
Red Lion Group will continue to expand its investment in countries along the "the Belt and Road" and Indonesia, speed up the preliminary work of cement projects such as Sumatra in Indonesia, and contribute to the economic and social development of Indonesia.
In order to actively respond to the national environmental protection policy and implement the concept of green and low-carbon development, China Cement Network will hold the "2023 Cement'Double Carbon 'Conference and the 10th China Cement Energy Conservation and Environmental Protection Technology Exchange Conference" in Zhengzhou, Henan Province, from September 12 to 13, 2023. The cement industry is moving towards a low-carbon, more energy-saving and greener high-quality development.
At the same time, the medal ceremony of "2023 Advanced Enterprises of Double Carbon in Cement Industry" and the "Double Carbon" Equipment Exhibition will be held. After the meeting, we will also organize a visit to Jiyuan Zhonglian Cement Co., Ltd. "The world's first production line of carbon sequestration auxiliary cementitious materials and low-carbon cement from flue gas CO2 of steel slag capture cement kiln".
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