Cement News tagged under: Loan

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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)