Indonesia: PT Semen Baturaja acquires syndicated plant loan

 Indonesia: PT Semen Baturaja acquires syndicated plant loan
Published: 23 May 2016


Semen Baturaja plans an IDR3.32trn (US$245m) unit in Baturaja, Ogan Komering Ulu, South Sumatra and to carry this project the company has sought a loan from PT Bank Negara Indonesia and PT Bank Pembangunan Daerah Sumatera Selatan dan Bangka Belitung, or Bank Sumsel Babel.

IDR1.4trn will come from Bank Negara and the remaining IDR100bn will be leant by Bank Sumsel Babel.

The new plant, which is expected to start operations next year, will have a production capacity of 1.85Mta. It will be the company's fourth plant and take its total production capacity to 3.85Mta.