Indonesia’s Tonasa gets loan offers for its 5th cement plant

State-owned cement maker PT Tonasa in South Sulawesi has received offers from three banks to provide loans to finance the construction of its fifth plant.  

PT Bank Mandiri, Bank Rakyat Indonesia  both state banks, and Bank Mega, have offered to finance the Rp2.6 trillion (US$289 million) project in Biringere in the regency of Pangkep, Tonasa President Sattar Taba said.  

Bank Mandiri is ready to lend Rp2 trillion, BRI Rp1.8 trillion and Bank Mega Rp500 billion, Sattar said.  

Semen Tonasa, however, needs only Rp1.85 trillion in loan with the rest to be provided by the company from its internal fund.