Bank loans worth between IDR 600 billion (€39.29 million/US$50.20 million) and IDR 840 billion are being sought by Indonesia-based cement manufacturer Semen Indonesia for financing the set-up of a new cement plant in Papua's Jayapura. The company will likely secure the loans in 2015, while the plant will commence construction in 2015. The plant is worth IDR 1.2 trillion and it will be Papua's first cement plant. The plant will be able to manufacture between 600,000tonnes and 1 million tonnes of cement.
Bank loans worth between IDR 600 billion (€39.29 million/US$50.20 million) and IDR 840 billion are being sought by Indonesia-based cement manufacturer Semen Indonesia for financing the set-up of a new cement plant in Papua’s Jayapura.
The company will likely secure the loans in 2015, while the plant will commence construction in 2015. The plant is worth IDR 1.2 trillion and it will be Papua’s first cement plant. The plant will be able to manufacture between 600,000tonnes and 1 million tonnes of cement.
