Vanguard acquisition of shares Yupolo Resources : http://www.tambang.co.id/vanguard-pemilik-tambang-emas-di-wonogiri-ekspansi-ke-vietnam-1468/3 December 2014 Vanguard announced that it has acquired 80% stake Yuplo Resouces, an Indonesian company which owns the concession limestone at East Solor, East Flores regency, East Nusa Tenggara Province. Vanguard mutual Yuplo Resources will develop a land area of 3,500 hectares to process limestone (Ca CO3) and gypsum (CaSO4.2H2O). Limestone and gypsum can be processed into a variety of purposes, such as raw material for paints, cosmetics and cement. According to Vanguard, gypsum quality is quite high, with a purity of up to 85% - 95%.
Gypsum Consumption in Indonesia Still Minim: http://www.rumah.com/berita-properti/2017/8/157502/konsumsi-gipsum-di-indonesia-masih-minim/3 August 2017 Although the property market is still in a recovery condition, the construction industry sector is still believed to be growing significantly in line with the number of infrastructure projects in Indonesia.
Likewise that happens with the market share of gypsum amid the unstable property situation. Although the absorption rate is still not maximal, in fact this would be an opportunity for manufacturers to continue to educate and innovate.
HS No. 2520.20.10.00
1 July 2019
Trade Data 2018
Definition
Gypsum; anhydrite; plasters (consisting of calcined gypsum or calcium sulphate) whether or not coloured, with or without small quantities of accelerators or retarders. Plasters : Of kind suitable for use in dentistry.