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Gunung Pantara

Gunung Pantara

An unbelievably lucky cement project in Indonesia

Company Overview

I apologised for the foreign sounding names which can be confusing for US-based investors. But, there is a logic to all these foreign names.

Here's a simple introduction:

Gunung Pantara Inc. (incorporated in Washington, USA, hereby referred as GP USA).

Gunung Pantara Barisan (incorporated in Indonesia, hereby referred as GPB).

I am the sole owner of both GP USA and GPB.

Project location: Sumatra island of Indonesia.

Industry & Product: Cement.

GP USA was started recently in 2016 and will be used to acquire GPB. The company GPB has a track record of successfully entering the cement industry in Indonesia, built market share, then sold the cement grinding plant to Lafarge Cement of France which was one of our main competitor in that market.

I now have a plan to repeat the same success at a much bigger scale. With a $100 million investment, I have a plan to achieve an enterprise value for the company at $3.6 billion when we exit in about 7-8 years. That would be a 29x multiple over the initial investment.


  • Construction for Cement Grinding Plant in North Sumatera province.

    February, 2009
  • Production and Sales for cement started in North Sumatera province.

    January, 2011
  • Share Purchase Agreement signed with Lafarge Cement Indonesia

    September, 2013
  • Signed First Right Refusal with Lafarge for South and North Sumatera cement projects.

    December, 2014
  • IUP Mining Exploration License for South Sumatera province issued to GPB.

    August, 2011
  • Environmental Permit issued to GPB.

    July, 2015
  • Location Permit for cement factory issued to GPB.

    August, 2015
  • IUP Mining Exploitation License for mining concession issued to GPB.

    October, 2015
  • Last land acquisition date. Over 215 hectares of mining and factory land acquired.

    February, 2017


Peter Hoddinott
Peter Hoddinott
CEO Lafarge Africa
"Part 1: Mr. Hoddinott (after visiting as Group Vice President of Lafarge - Performance) wrote this email: On 2 Sep, 2013, at 11:06 PM, Peter Hoddinott wrote: Dear Surjono, Having finally landed back in Paris, I am writing to thank so very much for the visit to your plant and for the time and insights you provided during the day. I came away having witnessed the successful creation of a manufacturing plant and market position from scratch with very limited resources."
Peter Hoddinott
Peter Hoddinott
CEO Lafarge Africa
"Part 2: Having been in the industry from 25 years and visited plants all over the world, your story is among the most striking in terms of how you did everything yourself, working on a shoestring and learning by absorbing knowledge from everywhere/everyone you could and, of course, by trial and error. Very inspiring and taking real courage!

 So thank you once again for your time that day and looking forward to the success of the collaboration between yourself and Lafarge.

 Warmest regards,