Completed Development AidData Chinese Aid

China Eximbank provides RMB 1.5 billion loan for Cement Plant Construction Project (Linked to Record ID#49812, ID#49813, ID#85371)

¥1.5M RMB

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	PT Conch Cement Indonesia
Country	Indonesia
Start Date	May 28, 2013
End Date	Feb 02, 2030
Duration	6,094 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`85372`

Grant Description

China Eximbank provides RMB 1.5 billion loan for 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 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).

📋 Loan / Grant Terms

📅 Maturity10 years

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.

📋 Loan / Grant Terms

📅 Maturity10 years

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.

📋 Loan / Grant Terms

📅 Maturity3 years

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.

📚 Sources & References

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
Price Balance for the Good of Consumers and Business Actors 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.