Cement News tagged under: Loan

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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...

Vietnam offers support for state-owned cement firms

12 July 2016, Published under Cement News

According to figures released by the Ministry of Finance, the Vietnamese government is providing restructuring loans to unprofitable state-owned cement firms, VietNamNet Bridge reports. Firms, including Song Thao, Thai Nguyen and Ha Long, are being supplied with cash in an effort to prepare the cement sector for part-privatisation. Already, some plants have been transferred to Vicem from other state-owned enterprises (SOEs) and the government is understood to want to begin the sell-off, p...

US$125m CAF loan signed for Guayaquil project

03 December 2014, Published under Cement News

Holcim Ecuador SA has signed a loan contract for US$125m with the Latin American development bank, CAF. The funds will finance the modernisation of Holcim’s Guayaquil plant. The upgrade programme will see clinker production capacity rise to 3.4Mta, enabling to replace current clinker imports by domestic production and reduce the country’s currency outflow. In addition, some 20 per cent of the investment will be directed to environmental technology to improve the plant’s environmental re...

Paraguay to inject US$67m in INC

10 June 2014, Published under Cement News

The Paraguayan state will lend Industria Nacional del Cemento (INC) US$67m to reactivate the company’s investments in its Vallemí and Villeta plants, which were on hold due to lack of funds.  The investments include a fuel conversion at the kiln of Vallemí as well as a new cooler and the optimisation of limestone grinding at the works. At Villeta, the company is reportedly investing US$7m in two new packing machines, to be supplied by Haver & Boecker.

FCC gives cement unit EUR100m loan

12 October 2012, Published under Cement News

Spanish builder FCC said on Thursday it has given its Cementos Portland unit a EUR100m (US$129m) transitory loan as part of the cement arm's refinancing agreement with its creditors. Separately, Cementos Portland said it may consider following through with capital hike plans in 2013 if market conditions are suitable (Source: Reuters)