Semen Indonesia - May 2013

Semen Indonesia’s expansion plans continue apace with reports that the company is building a new 3Mta plant in Indarung, near Padang, West Sumatra. The works, which is due to come on-stream in 2016, is expected to cost INR7tn. To help fund the project, the firm is looking for bank loans to help raise INR1tn (US$102m) from the domestic market and up to INR4tn from overseas banks.

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