PT Semen Gresik Tbk. (SMGR) allocate investment funds of USD 765 million or around Rp 7.11 trillion

PT Semen Gresik Tbk. (SMGR) allocate investment funds of USD 765 million or around Rp 7.11 trillion for the construction of two new factories and one unit of electricity generation in the next two years. 70% of funds for these investments to be financed by bank loans. SMGR also explores to invest funds in PT Kertas Kraft Aceh, which is a cement factory pembukus paper. Currently, PT Kertas Kraft Aceh choked operational problems, liquidity problems and issues of raw materials, so that these plans are still under reviews.

Source : Investor Daily