Semen Indonesia Seeking Additional IDR2trn Loan

Management of PT Semen Indonesia (SMGR IJ, BUY, TP: IDR18,150) is seeking bank loan of IDR1-2trn to fund 2015’s planned capex of IDR5trn. One of its plans is to build 3m tonnes cement plant in Rembang, Central Java. Meanwhile, the company is still in feasibility studies phase in building 600,000 – 1m tonnes cement plant in Papua.