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CDB provides $25 million loan for Phase 1 of Cement Plant Construction Project (Linked to Record ID#49812, ID#85372, and Record ID#85371)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | PT Conch Cement Indonesia |
| Country | Indonesia |
| Start Date | Sep 20, 2011 |
| End Date | Jul 03, 2032 |
| Duration | 7,592 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 49813 |
Grant Description
CDB provides $25 million loan for Phase 1 of Cement Plant Construction Project On September 20, 2011, PT Conch Cement Indonesia (or Indonesia Conch or 印尼海螺水泥有限公司) — a joint venture between Anhui Conch Cement Company Limited (75%) and Prosperity International Holdings (H.K.) Limited (25%) — held its first board of directors meeting in Jakarta and decided to invest in a Cement Plant Construction Project.
On May 28, 2013, Anhui Conch Cement Company Limited signed a guarantee contract in which it agreed to issue a full guarantee for an RMB 1.5 billion loan from China Eximbank to Indonesia Conch for the Cement Plant Construction Project (Phases 1 and 2).
It was to be repaid on a semi-annually basis starting from November 2015 to May 2023 or at the latest on June 28, 2023.
On September 10, 2013, Anhui Conch Cement Company Limited signed a guarantee contract in which it agreed to issue a full guarantee for a $25 million foreign exchange capital loan (外汇资金贷款) from the Anhui Branch of China Development Bank to Indonesia Conch for Phase 1 of the Cement Plant Construction Project.
On November 16, 2015, Anhui Conch Cement Company Limited signed a guarantee contract in which it agreed to issue a full guarantee for a $50 million loan from the Industrial and Commercial Bank of China (Europe) S.A to Indonesia Conch for working capital purposes.
The Cement Plant Construction Project was located near the South Kalimantan-East Kalimantan highway — 30 km from the city of Tanjung — within Tabalong Regency and South Kalimantan Province.
It was implemented in two phases: The first phase involved the construction a 3200t/d clinker cement production line — capable of producing 3200 tons of cement per day — and the construction of a 2×18MW coal-fired power station.
Phase 1 construction started on December 20, 2012 and the 3200t/d clinker cement production line was put into operation on November 18, 2014.
The second phase of the project involved the construction of another 3,200 tons/day clinker production line, a 1.5 million tons/year cement grinding station, an 18 MW coal-fired power station, and other production facilities. Phase 2 construction commenced on December 18, 2014 and it was completed on May 28, 2016.
China MCC17 Group Co Ltd was the contractor responsible for implementation.
Staff Comments
- The Chinese project title is 印尼南加海螺项目.
- Anhui Conch Cement Co., Ltd. known also as Anhui Conch or Conch Cement, is the largest cement manufacturer or seller in the mainland China, headquartered in Anhui Province. It is a state-owned enterprise. Prosperity International Holdings (H.K.) Limited is a Hong Kong-based investment holding company principally engaged in the mining and trading of iron ore and raw materials.
- This project is linked to Project ID#49812, the umbrella record for all the four cement projects in Indonesia by Conch Group.
- For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.
Sources & References
- 於其他市場發佈的公告
- 中国十七冶集团印尼南加海螺二期投产
- 中冶十七冶承建印尼南加海螺二期工程正式开工
- 印尼南加海螺：八年历程 生动诠释合作共赢理念
- 海螺印尼南加一期2×3200t/d熟料工程开工
- Anhui Conch Cement
- 中冶十七冶承建印尼南加海螺二期工程正式开工
- MAJOR TRANSACTION AND CONNECTED TRANSACTION INVOLVING THE ISSUE OF PMIL CONVERTIBLE BONDS AND CONSIDERATION SHARES UNDER SPECIFIC MANDATE IN RELATION TO THE ACQUISITION OF SHARES IN INDONESIA CONCH AND NOTICE OF SPECIAL GENERAL MEETING
- Indonesia: PT Conch South Kalimantan cement plant on-stream
- PT CONCH SOUTH KALIMANTAN, 600585 : 海螺水泥2013年半年报, 2015 Annual Report
- 系列报道之十二:海螺水泥十年风雨兼程 海外扬帆正劲
- 践行共建“一带一路”倡议 擘画千岛之国上的海螺绘卷 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
PT Conch Cement Indonesia
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