Cement News tagged under: IFC

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Fouta Cement prepares to launch new grinding mill in Liberia

14 June 2022, Published under Cement News

Fouta Cement Corp, the subsidiary of Fouta Corp, a trading company based in Liberia, is establishing a 0.396Mta grinding plant in Monrovia. The project is financed partially via an IFC loan totalling US$21.6m.   The facility is being constructed on a 10.5 acre site in Monrovia Industrial Park, under a 20-year lease from the National Ports Authority.   The grinding plant will be equipped with a 50tph mill and will receive clinker by trucks loaded from vessels at a designated berth in the Por...

IFC to fund Diamond Cement Guinea with US$30m loan

17 May 2022, Published under Cement News

The International Finance Corporation (IFC) has agreed to provide a US$30m loan to Diamond Cement Guinea , a subsidiary of West African Cement (WACEM), to support the completion of their 0.75Mta integrated cement plant.   The new greenfield plant, which is located approximately 25km from the town of Sougueta, Kindia prefecture, is the first integrated cement plant in Guinea. The plant’s 1500tpd clinker line commissioned in April 2021, while the 0.8Mta grinding unit will be commissioned i...

CIMAF to expand capacity with IFC, Proparco and EAIF financing

11 November 2021, Published under Cement News

CIMAF will receive financial support from IFC, Proparco and the Emerging Africa Infrastructure Fund (EAIF) to help its drive for capacity expansion to meet the growing demand for housing and infrastructure in west Africa. IFC is providing a EUR161.25m financial package for CIMAF, which includes a EUR92.5m loan on its own account as well as a parallel loan of EUR33.75m from Proparco and a EUR35m B loan from the EAIF. The finance package will enable CIMAF to expand its existing cement grind...

PPC

25 January 2018, Published under Cement News

PPC has rescheduled the debt related to its new cement plant in the Democratic Republic of Congo, PPC Barnet DRC, improving the group’s liquidity position. The new works is 69 per cent-owned by PPC, with a further 21 per cent stake held by local partner, Barnet Group, and 10 per cent by International Finance Corporation (IFC). PPC has successfully finalised a two-year capital repayment moratorium with IFC resulting in total capital requirements for PPC Barnet DRC being limited to interest...

IFC grants Cemex EUR106m "green" loan

13 July 2016, Published under Cement News

The International Finance Corp (IFC) has granted Cemex a loan of EUR106m to support the company’s sustainable development investment in emerging markets. After a thorough assessment of Cemex’s environmental, governance and social practices, the IFC will grant CEMEX funding for projects designed to enhance environmental performance that were completed in 2014 & 2015 as well as ongoing during 2016 which are part of the capital expenditure plan previously communicated by Cemex. Around 60...

New Guinea-Bissau grinding plant seeks IFC loan

12 January 2015, Published under Cement News

HeidelbergCement subsidiary Scancem, in partnership with Maxime Cardoz, a private investor from Senegal, has applied to the IFC for a loan of EUR11m to help finance Guinea-Bissau's first grinding plant. The Cardoz Cimentos de Bissau project, which is 60 per cent owned by Cardoz and 40 per cent by Scancem, would be located 1.5km from the port of Bissau, a  plant location in an area which currently absorbs 50 per cent of the country's cement consumption. The project has an estimated cost of ...