Holcim Indonesia prepays a debt of US60m

Holcim Indonesia prepays a debt of US60m
Published: 07 May 2009

PT Holcim Indonesia said it has serviced debt to its creditor Cemasco paying US$60m before maturity on August 31 this year.

The company started prepayments in February until end of March reducing its debt to Cemasco to US$75m, company spokesman Rusli Setiawan said.

The Indonesian unit of the Swiss based cement giant Holcim Ltd received a loan of US$135m from Cemasco early last year to repay a debt.

The country’s third largest cement producer has agreed to buy Holcim Sdn Bhd in Malaysia from Holderfin at a price of US$50m.

Holcim Sdn is an investment company which has a subsidiary Holcim Malaysia Sdn Bhd which operates a cement factory in Johor.