Indonesia’s SI secures capital of IDR 1tn

The managing director of 7818 Semen Indonesia (SI), is reported as saying that the state cement company has secured working capital of IDR 1 trillion (€67.48 million/US475.75 million) from Bank Negara Indonesia (BNI).

The funds will be used for company operational expenses.

SI is now in the middle of completing two cement power plants with capacity of 3 million tonnes/year, one in Padang, West Sumatra, and one in Rembang, central Java.