Cement News tagged under: Project Finance
Ambuja to invest internal funds for expansion16 April 2014, Published under Cement NewsAmbuja Cements, part of the Holcim group, plans to spend around INR8bn (US4133m) in 2014 from internal funds to partially finance its ongoing capacity expansion projects. "The year 2014 will see capital expenditure worth INR802 crore over and above INR725 crore investment made in 2013. The entire proposed expenditure will be financed by internal accruals," Ambuja Cements said in its annual report. The company, which has 27.25Mta of capacity, is setting up three greenfield plants, each w... |
Cemex completes financing for wind farm project11 April 2014, Published under Cement NewsCemex has successfully completed the financing of Ventika, a project comprising the construction of two 126MW wind farms each, for a total nominal capacity of 252MW, to be located in General Bravo, Nuevo Leon, Mexico. The investment for the project is approximately US$650m, of which 75 per cent corresponds to debt and 25 per cent to equity. The debt financiers are the North American Development Bank, Banobras, Nafin, Bancomext and Santander. The equity partners are Fisterra Energy, a compa... |
Gresik inks loan facility for Rembang construction27 March 2014, Published under Cement NewsPT Semen Gresik, part of the Semen Indonesia group, has as secured a letter of credit (L/C) facility to help finance the construction of its Rembang greenfield works in Central Java, Indonesia. The facility agreement, worth INDR1.4trn (US$122.53m), was signed on Friday by Semen Gresik president director Gatot Kustyadji and state lender Bank Mandiri institutional banking director Abdul Rachman. Under the deal, Mandiri has agreed to issue L/Cs to Semen Gresik for the next 42 months to suppor... |
Oman Cement to obtain a loan to finance new mill project28 February 2014, Published under Cement NewsOman Cement has decided to obtain a loan from a leading Omani bank to finance a new mill at its existing plant with an expected expenditure of US$39m. Jamal Shamis Al Hooti, CEO of the sultanate’s second-largest producer, said: “…while our acceptance to the Bank's offer has been communicated, an agreement in this regard is being finalised.” (Source: Muscat Securities Market) |
Cimko to receive IFC loan, euro syndicated loan29 January 2014, Published under Cement NewsThe 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,... |
Semen Baturaja sets higher 2014 capex07 January 2014, Published under Cement NewsPT Semen Batujara plans to increase capital expenditure for this year by 87 per cent YoY to IDR750bn (US$61.58m), according to reports by the Investor Daily. The investments will be geared towards increasing capacity and financing operating costs. The company plans to build a new factory to boost its capacity from 2Mta to 3.85Mta. The new plant is scheduled to begin operations in the fourth quarter of 2016. Semen Baturaja raised IDR1.3bn from an Initial Public Offering in June and will put... |
Habesha secures letter of credit for new plant project, Ethiopia02 January 2014, Published under Cement NewsHabesha Cement SC has secured a letter of credit (LC) for its Chinese contractor from the Eastern & Southern Africa Trade & Development Bank (commonly known as the PTA), Fortune reported. The PTA agreed to co-finance the project earlier this year by lending US$50.4m. The LC, which was required before the factory equipment could be imported, had hindered the Chinese contractor from beginning work on the plant, Mesfin Abi, CEO of Habesha, said at a press conference held on 26 December at t... |
Habesha signs loan agreements to finance new plant construction, Ethiopia10 December 2013, Published under Cement NewsHabesha Cement has signed loan facilitation agreements for the construction of a new 1.4Mta greenfield cement plant in Ethiopia. The Development Bank of Ethiopia (DBE) has signed a ETB630m loan agreement with the company at its headquarters on 19 November 2013, according to reports by the Addis Fortune. The loan is to be paid back over a period of 7-9 years. Loan agreements were also signed between Habesha, the DBE and the PTA Bank - the financial arm of the Common Market for Eastern... |
BTA Bank to finance Standard Cement new line23 October 2013, Published under Cement NewsBTA Bank JSC will act as the main creditor for the construction of Standard Cement factory's second production line in southern Kazakhstan. The funds will be used to acquire equipment for the dry-process line, a statement released on 21 October said. The new 1Mta line will be supplied by Tianjin Cement Industry Research and Design Institute of China. Construction and assembling works will financed by the cement producer. Standard Cement currently operates a 1.2Mta plant on Sairam village.... |
Holcim Indonesia secures loan for Tuban Line 2 project22 October 2013, Published under Cement NewsHolcim Indonesia is to receive a loan from the commercial arm of the German development bank KfW Ipex and BNP Paribas for US$98m for a second kiln line project at the new Tuban cement works. “The financing is covered with an Euler Hermes export guarantee based on deliveries and services provided by ThyssenKrupp Resource Technologies,” Stefan Eitel, director team head of Metals & Mining at KfW Ipex said. The loan has a term of 7.5 years and will have a fixed interest rate based on the c... |