JAKARTA (Yosefardi) – PT Sinar Tambang Arthalestari, cement producer of Panasia Group, has bagged syndicated loan of Rp2.3 trillion from 4 local banks. The signing of loan facility was made Thursday (Nov 21), Bisnis.com reported.
That 4 banks are Bank Negara Indonesia, Bank Pan Indonesia, Bank Pembangunan Daerah Jawa Tengah, and Bank Pembangunan Daerah Istimewa Yogyakarta.
Semen Panasia has late last year built its cement mill in Tiparkidul, Ajibarang, Banyumas, Central Java. The mill targets to commence operation next year with production capacity of 2,000-2,500 tons of cement per months, and reach 5,000 tons in 2018.