Semen Gresik to optimise bank loans

Semen Gresik to optimise bank loans
Published: 30 September 2010

PT Semen Gresik Tbk, state-owned cement producer, plans to optimise a bank loan worth IDR3.54trb from this year to finalise construction of Tonasa V’s new line and the supporting infrastructures.

Investor Relations of Semen Gresik Agung Wiharto said the construction of the 2.5Mta Tonasa V line and 2 x 35MW power plants is predicted to end quarter IV/2011.

"The loan syndication led by Bank Mandiri now is totally worth IDR3.54 trillion. We will use it by end of the year and next year to finance factory project and power plant in Tonasa V," he said to Bisnis yesterday.