VIVAnews - Cement company PT Holcim Indonesia Tbk (SMCB) is likely trying to acquire some Indonesian cement processing factories.
"The cement factories are located in East Java," VIVAnews anonymous source said on Friday, Nov 13.
Holcim Indonesia relationship management director Rusli Setiawan stated the company has not yet planned to take over any domestic cement factories in the near future. "No plan has been made," he said in Jakarta, Nov 16.
The reason behind this is that in addition to acquiring a factory in Malaysia, the company is constructing a factory in Tuban, East Java.
As per September 30, 2009, Holderfin B.V owned SMCB-coded shares by 77.33 percent, while the remaining stocks were owned by the public.
In Friday trade, SMCB was closed higher by 1.25 percent to Rp 1,610.
As reported earlier, Holcim Indonesia and a bank syndication including Tokyo Mitsubishi (coordinator), PT Bank Central Asia Tbk, PT CIMB Niaga Tbk, DBS and Sumitomo Mitsui signed a loan agreement of Rp 1 trillion.
The loan was to support the company's plan in acquiring Malaysia-based cement processing factory and to restructure debt.
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Translated by: Bonardo Maulana Wahono
Naseer Abboodi
