"Sword refers" to the huge demand for cement in the new capital! Red Lion Group welcomes big moves overseas!

Red Lion Group meets the big move again.

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.

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 the provincial capital city of East Kalimantan, and about 160 nautical miles away from Dongjia Red Lion by sea. It has obvious geographical advantages and broad prospects for the cement market. 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. On January 18,

2022, the Indonesian Parliament passed a bill approving the relocation of the capital from Jakarta to East Kalimantan Province, and the new capital will be named "Nusantara". The new capital is located between the port city of Balikpapan in East Kalimantan, Indonesia, and the provincial capital of Samarinda, with less risk of natural disasters such as floods, earthquakes and forest fires. The relocation of

Indonesia's capital will cost a lot of money, with a direct investment of about 33 billion US dollars, which is expected to take at least 10 years. It will drive the construction and real estate market of hundreds of billions of US dollars and bring huge market demand to the cement industry. Doni, general manager of Indonesia Cement Company, has predicted that the business opportunities created by the new capital construction project, including the demand for cement in the next 20 years, will reach 21 million tons.

Red Lion's acquisition of Balikpapan Cement Transfer Depot is undoubtedly the huge demand for cement driven by the construction of the new capital. The transit depot is only about 30 kilometers away from the new capital of Indonesia. It can be said that among the cement enterprises, Red Lion Group is already "getting the moon first".

In addition, it is noteworthy that on August 23, the first phase of the clinker cement production line of Hongshi Group Indonesia Dongjia Hongshi Cement Co., Ltd. was successfully ignited and put into operation. The project is located in Dongkutai County, East Kalimantan Province, Indonesia, 260 kilometers away from the new capital of Indonesia, with a factory area and mine area of 12600 mu, a mine reserve of 1 billion tons, and a supporting 50,000-ton seaport wharf. The shipping distance between the Donga Red Lion and the transit depot is about 160 nautical miles. Large clinker production base + transit depot + huge cement demand for new capital construction, Red Lion Group's plate layout in Indonesia is perfect!