PT Semen Gresik Tbk agreed to disburse IDR2.09 trillion in minimum to finance the construction of SGG III and SGG IV from the total needs of IDR6.96 trillion.
By considering the cash flows during the project implementation, about
30% of the fund will derive from the company's own funds, while the
remaining from loans and/or other financing instruments.
The company plans to construct SGG III in Sumatra and SGG IV in
Java, which will provide extra contribution of IDR1.41 trillion and
IDR3.04 trillion. The funding to build the two new cement plants with each capacity of 3 million tons is
excluded the interest during construction (IDC). Such construction is
really necessary as shortage of cement supply in the country may occur
next year. Semen Gresik also plants to build three to five packing plants with capacity of 200,000 tons a year.
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