Cement News tagged under: bank loan

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Grupo Argos formalises COP392bn sustainable linked loan

28 April 2021, Published under Cement News

Grupo Argos and Bancolombia signed the first loan agreement tied to sustainability indicators in Colombia, where the interest rate is tied to the company’s performance on gender equality and climate change, in a financing agreement that modifies current conditions for close to COP392bn (US$106m) in debt and will have a five-year maturity. In this regard, the operation does not increase Grupo Argos' current levels of indebtedness.   This transaction recognises Grupo Argos' track record an...

Nepal's banks loan US$140.5m to Hongshi Shivam Cement

04 September 2018, Published under Cement News

Hongshi Shivam Cement of Nepal has been supported by a consortium of five of Nepal's commercial banks who have approved credit of US$140.48m to the 6000tpd Nepal-China joint venture. The joint venture required the loan to conclude financial closure of the new cement plant that begun trial production earlier this year. The banks involved include NMB Bank, Nepal Investment Bank, Prabhu Bank, Everest Bank and Nepal SBI Bank. The project has already received approval to inject foreign direct i...

Cementos Argos USA takes out US$100m loan

26 March 2018, Published under Cement News

ING Bank NV a global financial institution, closed a US$100m loan to Argos USA LLC, a subsidiary of Cementos Argos SA on 23 March 2018. Cementos Argos, a multinational cement and concrete producer in Colombia, the United States, Central America and the Caribbean, will use the loan for corporate purposes.

Baturaja to part-finance new plant with bank loan

24 November 2014, Published under Cement News

Indonesia’s state-controlled cement producer PT Semen Baturaja plans to get IDR700-800bn (US$57.7-65.9m) in bank loans to finance its new IDR2.9tn plant in South Sumatra. The company intends to start construction of the 1.85Mta plant early next year with commissioning scheduled for 2018. In 9M14, Semen Baturaja posted sales of 853,089t and the company forecasts volumes of 1.31Mt for the year, up four per cent YoY.