Pan Brothers Seeking Loan $200 Million

JAKARTA (Yosefardi) – Garment manufacturer PT Pan Brothers Tbk (PBRX) is seeking loan of US$200 million, equivalent Rp2.6 trillion, used to refinancing its debt (US$165 million) and to fund working capital (US$35 million. The company made US$165 million loan in 2013,...

Lotte Chemical Seeks $2 Billion Loan

JAKARTA (Yosefardi) – PT Lotte Chemical Titan Tbk (FPNI), one of the largest petrochemical company in Indonesia, is seeking syndicated bank loan of US$2 billion, used to fund the expansion of its integrated polyethylene plant located in Cilegon, West Java. FPNI...

National Cement Sales Down 2.7%

JAKARTA (Yosefardi) – Domestic cement sales reached 18.09 million tons in the first four months of 2015 (January-April), down 2.7% from 18.59 million tons in the same period of 2014. In Nusa Tenggara islands, cement sales dropped 4.5% to 1.05 million tons. Sales in...