Mandiri to approve loan for Gresik project

Mandiri to approve loan for Gresik project
Published: 13 December 2005

Indonesian state-owned Bank Mandiri said it will provide fund needed to finance the construction of a new cement factory of state-owned cement maker PT Semen Gresik.  Semen Gresik plans to build a new cement factory with an annual capacity of 2.5Mt to cost up to Rp3.6 trillion (US$360m).  Semen Gresik will ask for approval from the government to build the factory starting next year to be completed in four years.