Cement News tagged under: Cimko

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DR Congo: CIMKO plant nears commerical production

04 October 2016, Published under Cement News

This October the US$270m CIMKO plant owned jointly by Lucky Cement and Groupe Rawji located 240km (150 miles) west of the capital, Kinshasa, will start producing cement and work towards its 1.2Mta cement capacity. The project has been financed by lenders including the African Development Bank, the International Finance Corporation, Denmark’s Export Credit Agency EKF and by Habib Bank Ltd. The Democratic Republic of Congo's Prime Minister, Matata Ponyo Mapon, said his government wi...

Cimko to receive IFC loan, euro syndicated loan

29 January 2014, Published under Cement News

The IFC is to provide a long-term financing package to Turkish cement producer Cimko to back investments in the ready-mix concrete segment and energy efficiency, the international lender has said. The debt facility includes a US$40m loan for IFC's own account and a syndicated loan of EUR18m from BNP Paribas Fortis SA/NV mobilised by IFC. The IFC said the project is expected to strengthen Cimko's competitiveness and increase employment in the southeast Anatolia region of Turkey,...