Semen Indonesia secures Rp1 trillion loan from BNI

Semen Indonesia secures Rp1 trillion loan from BNI

Photo document of PT Semen Indonesia activities at Semen Gresik, Tuban district, East Java. (ANTARA/Zabur Karuru)

Jakarta (ANTARA News) - Publicly traded cement producer PT Semen Indonesia has secured a Rp1 trillion loan from state owned lender PT Bank Negara Indonesia.

The working capital credit would be used to finance the operation of the state-owned cement company, its President Director Suparni, who signed the loan agreement here on Friday, said.

Currently Semen Indonesia is finalizing the construction of two new cement factories - in Rembang, Central Java, and Indarung VI of Padang in West Sumatra, each with a production capacity of 3 million tons per year.

In 2016, Semen Indonesia is set to increase its production capacity 37.8 million tons .

The company has supporting facility for distribution including 22 units of cement mills, 26 units of cement packing plant, 11 special ports including in Belawan, Teluk Bayur, Tuban, Gresik, Biringkasi, Dumai, Ciwandan, Banyuwangi, Sorong and two in Vietnam.
(Uu.H-ASG/F001)

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