Baturaja to part-finance new plant with bank loan

Indonesia’s state-controlled cement producer PT Semen Baturaja plans to get IDR700-800bn (US$57.7-65.9m) in bank loans to finance its new IDR2.9tn plant in South Sumatra.

The company intends to start construction of the 1.85Mta plant early next year with commissioning scheduled for 2018.

In 9M14, Semen Baturaja posted sales of 853,089t and the company forecasts volumes of 1.31Mt for the year, up four per cent YoY.