Semen Bosowa suffers losses

Tue, 10 May 2005, 00:00 WIB | Source: JP

JAKARTA: Cementmaker PT. Semen Bosowa Maros, a family business
linked to Vice President Jusuf Kalla, said it recorded about Rp
27 billion in losses (US$2.8 million) last year following a
shortage of power in its operation base in South Sulawesi.

Semen Bosowa president director Aksa Mahmud, who is the deputy
speaker of the People's Consultative Assembly (MPR), said the
losses occurred as the company could not fully operate its plants
due to the impact of a reduction in power supply.

"State power firm PT PLN reduced its supply to our plants,
causing losses on our side," Aksa was quoted by Antara as saying
on Sunday.

Semen Bosowa is currently under fire due to an unpaid loan of
some Rp 1.44 trillion at state-owned Bank Mandiri. The Attorney
General's Office is planning to look into the case. -- JP

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