Cement News tagged under: Loan

RSS feed

CEMEX refinances US$3bn syndicated credit agreement

01 November 2023, Published under Cement News

CEMEX has successfully refinanced its US$3bn syndicated credit agreement, extending the maturity to 2028. The refinanced credit agreement consists of a US$1bn five-year amortising term loan, and a US$2bn five-year committed revolving credit gacility. This represents a reduction of US$500m in the term loan and an increase of US$250m in the revolver from the prior facility. The signing of the credit agreement is an integral part of a comprehensive financing plan designed to increase liquidit...

Natal Portland Cement secures five-year loan

27 December 2021, Published under Cement News

As part of Natal Portland Cement’s (NPC) strategy to enhance its capital structure and investments opportunities, company CEO  and Chairman, Matias Cardell has announced the approval of a five-year loan by Standard Bank totalling ZAR500m (US$32.1m). “This transaction shows recognition from the largest South African bank on NPC’s solid results and our ability to generate sustainable cash flows," added Mr Cardell. “Thanks to the turnaround process we began in 2019, we have shown that man...

Holcim commits to 40 per cent sustainable financing by 2024

10 November 2021, Published under Cement News

Holcim announces its commitment to reach at le ast 40 per cent of sustainable financing by 2024, putting climate action, water preservation and safety at the heart of its strategy. The company has accelerated this commitment with two new sustainability-linked financing transactions worth above CHF3bn (US$3.28bn).   Holcim has joined the UNGC CFO Taskforce, alongside 60 companies representing a combined US$1.7trn in market capitalisation. The taskforce aligns members’ finance strategi...

Argos North America Corp signs ESG-linked loan

16 August 2021, Published under Cement News

Argos North America Corp (Grupo Argos) entered into a new loan for US$300m, in which the interest rate is linked to CO 2 emission reduction indicators and an increase in the share of women in leadership positions.  Grupo Argos continues to demonstrate its concrete commitment in implementing positive Environmental Social Governance (ESG) practices with this initiative.  Cementos Argos SA and Argos USA LLC will act as guarantors in this operation. The financial entities with which the...

Belarusian Cement receives ASB loan

17 March 2020, Published under Cement News

Belarus cement producer Belarusian Cement Co has received a BYN361,400 (US$153,607) loan from ASB Belarus. The loan will fund a new production line that is able to use refuse-derived fuel (RDF) as well as needed repairs at its Krasnoselstroymaterialy plant, reports Journal Cement. The cement works, which has a capacity of 1.6Mta, is currently carrying out repairs and a modernisation project that includes the replacement of the kiln lining and conveyor belts. In addition to supplying its d...

Lafarge Zimbabwe obtains US$30m loan

09 May 2019, Published under Cement News

Lafarge Cement Zimbabwe has obtained a long-term US$30m facility from its parent company to enable settlement of outstanding obligations, according to The Zimbabwe Independent. The company has also acquired a US$4.4 short-term loan facility to cover working capital requirements.

Slovenia: Salonit receives EUR15m EBRD loan

14 December 2016, Published under Cement News

The European Bank for Reconstruction and Development (EBRD) has announced it is to provide a EUR15m loan to Salonit Anhovo to help it improve its operations. The funds will be used for energy and resource efficiency improvements and to restructure the company’s balance sheet. Salonit operates the largest cement works in Slovenia and alternative fuels account for 64 per cent of all fuel used for burning clinker. The EBRD loan, which will enable the installation of state-of-the-art equipmen...

Kazakhstan: Steppe Cement refinances US$15m loans

01 December 2016, Published under Cement News

Steppe Cement has announced that it has refinanced two loans worth a combined US$15.3m, StockMarketWire reports. A loan of US$5.5m due this month has split into three tranches, the last of which now falls due in November 2018. A US$9.8m loan contracted in 2014 will now be repaid in equal monthly instalments until November 2021. "The refinancing exercise allows Steppe Cement to spread the repayment of principals over the coming years and paves the way to pay dividends consistently once ...

US$69m loan for Equatorial Guinea cement plant

15 August 2016, Published under Cement News

The Equatorial Guinea government has been granted a XAF40.5bn (US$69m) loan by the Cameroon-based Common Savings and Investment Fund (CCEI) to build a cement plant in the west African state. The loan will be used for the purchase of production equipment, including raw material storage, laterite crusher and conveyors. Grupo Abayak SA will build a 0.5Mta cement plant in Akoga, reflecting a total investment of XAF162bn. The option exists to expand the works’ capacity to 1Mta.

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...