JAKARTA (Yosefardi) – State cement producer PT Semen Indonesia Tbk (SMGR) had secured loan commitment of Rp3.5 trillion for funding 50% investment on its new cement mill, Indarung IV Padang, West Sumatra and Rembang (Central Java) which cost Rp7 trillion.
The loan commitment is provided by state banks and export credit agency (ECA). SMGR plans to buy production machines from Germany and United State.
The company targets its revenue to grow by more than 20% to Rp27 trillion this year while net profit is targeted to grow by minimum 10% to more than Rp6 trillion.
For 2013, SMGR booked an-audited revenue of Rp22.5 trillion and targeted to book net profit of Rp5.5 trillion.