China Eximbank provides RMB 1 billion loan for North Sulawesi Cement Production Project (Linked to Project ID#49812)

On February 24, 2017, the Anhui Branch of China Eximbank signed an RMB 1 billion loan agreement with PT Conch North Sulawesi Cement (North Sulawesi Conch or 北蘇海螺水泥有限公司) — a subsidiary of Anhui Conch Cement Company Limited — for the North Sulawesi Cement Production Project. This loan carried a 10 year maturity, but its interest rate is unknown. Anhui Conch Cement Company Limited issued a corporate guarantee in support of the loan. The purpose of the project was to construct a cement production line in Inobonto within North Sulawesi Province with the capacity to produce 5000 tons of clinker cement per day. Construction commenced in February 2017 and the project was completed on October 12, 2018.

Additional details

1. Anhui Conch Cement Company Limited, 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. 2. This project is linked to an umbrella record (Project ID##49812) for all the four cement projects in Indonesia by Conch Group.

Number of official sources

2

Number of total sources

6