Kirana Megatara Secured Syndicated Loan of US$ 600 million

August 11, 2011 – PT Kirana Megatara, a subsidiary of Triputra Group and Persada Capital, signed syndicated loan agreement from 12 banks worth US$ 600 million. The fund will be used to finance working capital and investment in order to support the company’s aggressive expansion plan. The company, which processes rubber for tire manufacturing, is already the largest producer in Indonesia. Its goal is to be the largest in the world over the next five years, with annual production capacity of one million tons. Currently, the company owns 14 rubber processing factories with annual production capacity of 640,000 tons. 

From left to right : I Made Gde Erata (Indonesian Exim Bank), Surjawaty Tatang (ICBC Indonesia), Na Wu Beng (OCBC NISP), Wataru Tanaka (BTMU), Chen Wan Ming (Bank of China), T.P. Rachmat (Shareholder Kirana Megatara), Benny Subianto (Shareholder Kirana Megatara), Arwin Rasyid (CIMB Niaga), Michael Young (HSBC), Henk Mulder (Rabobank), M. Noer Qoemary (CIMB Niaga), Roy Arfandy (Bank Permata), Gurchara Kadan (Standard Chartered), Martinus S. Sinarya (CEO Kirana Megatara)