INDONESIA PRESS-Total Bangun expands into concrete business-Kontan
Indonesian construction company Total Bangun Persada this month created two subsidiaries to expand into the concrete business, the Kontan reported, quoting Corporate Secretary Mahmilan Sugiyo.
Total plans to own 60 percent stake in the subsidiaries. The firm is working on a range on projects, including the Trans-Java highway.
The company projects revenue of 2.3 trillion rupiah ($174 million) this year and a profit of 175 billion rupiah.
Note: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 13,235.0000 rupiah) (Compiled by Jakarta Newsroom; Editing by Prateek Chatterjee)
