Wahana Tata Ready to Pay Off Lafarge’s Claim
Bisnis Indonesia, page B3, 2005-10-13
PT Asuransi Wahana Tata promises to pay the remainder of PT Semen Andalas Indonesia’s loss claim payment after the company’s loss adjusters completed the final claim evaluation. Asuransi Wahana Tata is still waiting for the appraisal result from the loss evaluation of Grup Lafarge’s cement factory that was destroyed by the tsunami. Wahana Tata has paid 25 million euro (US$33 million) from the total loss claim of 50 million euro (US$65 million). The management of Semen Andalas hopes that the fund will help the restoration of the cement factory that was located in Lhok Nga (western shore of Aceh). The company, which suffered US$90 million loss, hopes to continue its operation by June 2007.