Cement News tagged under: Project Finance
Semen Baturaja IPO set for February 201312 December 2012, Published under Cement NewsIndonesia state-owned cement producer PT Semen Baturaja is planning an Initial Public Offering (IPO) for next February to raise funds to construct a new cement plant. The company aims to raise up to IDR1trn (US$103.79m) by selling up to 35 per cent of its enlarged capital, Reuters cited Semen Baturaja director, Pamudji Raharjo, as saying. The funds raised will be used for the construction of a new 1.5Mta cement factory in Pabrik Baturaja II. The project is slated for completion in 2015... |
Taiwan Cement Corp to sign syndicated loan for expansion10 December 2012, Published under Cement NewsTaiwan Cement Corp is expected to sign the contract for a syndicated loan worth NT$12.5bn (US$416.67m) to expand operations in China and acquire local cement plants. The Chinese banks with branches in Taiwan, Bank of China and Bank of Communications, are said to be among the underwriting banks. Mega International Commerical Bank is the leading undwriter among the other Taiwanese banks including Taiwan Cooperative Bank, Hua Nan Bank, First Commerical Bank and Chinatrust. The five-year l... |
PT Semen Baturaja IPO set for Feb 2013, Indonesia29 November 2012, Published under Cement NewsIndonesian state-owned producer PT Semen Baturaja expects to list its shares on the Indonesia Stock Exchange in February 2013. Semen Baturaja has been ready to release a maximum of 2 billion shares, or equivalent to 35% of paid up capital, with a targeted Initial Public Offering (IPO) proceeds of IDR1trn. The company had appointed three underwriters for its IPO, namely PT Bahana Securities, PT Danareksa Sekuritas and PT Mandiri Sekuritas, Investor Daily reported. Semen Baturaja President D... |
EBRD mulls loan to Lafarge Serbia12 November 2012, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) said on Friday it is considering providing EUR58m (US$75m) in financing to Serbian cement producer Lafarge Beocinska Fabrika Cementa to support its capital expenditure programme. The programme includes the development of a number of energy efficiency investments, further modernisation of production facilities, environmental enhancements, and targeted acquisitions and integration of aggregates businesses with its main cement operati... |
OCL to raise funds for new plant, India23 October 2012, Published under Cement NewsOCL India Ltd, part of the Dalmia Group, is planning to raise around US$40m from International Finance Corporation (IFC) to support investment for the company's new 1.35Mta grinding plant at Medinipur, West Bengal. The US$102m plant will be located at Kulapachuria, Salboni sub-division. As a part of developing Godapaisal Industrial Park, the West Bengal Industrial Development Corporation has acquired and leased 154.43 acres of land to OCL as the anchor investor. The IFC is evaluating ... |
Sephaku Cement secures cement project funding, South Africa22 October 2012, Published under Cement NewsSephaku Cement had concluded a ZAR1.95bn (US$226m) funding deal with Standard Bank and Nedbank which will be put towards new capacity in South Africa. The 10-year funding deal would provide Sephaku Cement, which is developing a production facility in the northwest and a grinding facility in Mpumalanga, with the required capital to enter the cement market. Of the total debt capital raised, just over 50 per cent of total procurement spend would be invested locally. Aganang, near Lichte... |
Dangote sets sights beyond Africa24 September 2012, Published under Cement NewsDangote Cement is expanding out of Africa. While its chairman Aliko Dangote remains firmly committed to the continent and its 40Mta production capacity owned by the company, he has set his sights beyond its borders – starting with Iraq and Myanmar, where plant construction could start as early as next year. When asked why he is investing specifically in those locations, he gives the example of Myanmar. As the country opens up, the opportunity is currently there to invest but may disappear at... |
Enersource and Holcim (Canada) launch heat recovery project20 September 2012, Published under Cement NewsEnersource has assisted Holcim (Canada) in securing a financial incentive from the Ontario Power Authority of US$6.37m to support the development and construction of a waste heat recovery project at their Mississauga cement plant. "Projects like this are both economically and environmentally-sound," said Craig Fleming, President and CEO at Enersource. He added, "Conservation initiatives capitalising on renewable technologies help businesses become more economically sustainable."??"Holcim ... |
Gresik sets aside US$300m for regional expansion31 August 2012, Published under Cement NewsIndonesia’s largest cement maker, PT Semen Gresik, has US$300m to expand its business to the regional markets of Myanmar, Cambodia and Vietnam, the company’s chief executive Dwi Soetjipto has said. Speaking to the Jakarta Globe, he said: “Expansion overseas is still in the process.” Previously, Dwi indicated that the company was looking at acquiring stakes in cement producers in Malaysia, Myanmar, Vietnam and Thailand as it seeks to extend its regional reach. He also told the Investor ... |