JAKARTA (Yosefardi) – Kedawung Setia Industrial Tbk (KDSI) reported its unit PT Kedawung Setia Corrugated Carton Box Industrial had in Sept 18, 2013 signed laon facility agreement with PT Bank Mandiri Tbk (BMRI).
The loan facility amounted Rp461.15 billion, consisting of revolving loan for working capital Rp20 billion, non revolving loan for working capital Rp30 billion, investment loan maximum Rp1331.15 billion, and TR non LC amounting Rp280 billion.
The unit also secured loan for hedging amounting US$17.3 million. The loan will be used to boost unit’s production capacity.
KDSI manufactures metal, aluminum, cardboard, enamel, and plastic kitchenware. Through its subsidiary, the Company also manufactures corrugated cartons and egg tray boxes.