State cement producer Semen Indonesia (SMGR) allocates Rp1.5 trillion to fund its packaging plant project in Maluku and Bengkulu (Sumatera). It also allocates Rp1 trillion for maintenance this year. SMGR sets capital expenditure (capex) of Rp2.1 trillion for this year, smaller than last year’s capex of Rp6 trillion. SMGR will use its internal cash for funding capex this year. Per September of 2017, it has cash and cash equivalent of Rp2.67 trillion. SMGR has no plan to make a new loan or issue bonds.To subscribe please click here
