Cemex would have investment grade until 2020
The strategy to reduce the leverage level would allow Cemex to recover its investment grade in the first part of 2020, according to Citibanamex projections. "We expect the compa...
Finance
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Cementos Argos
This week saw Cementos Argos place ordinary bonds for COP500bn (US$169.7m). The issue had demands for COP725bn, representing an over demand of 1.81 times for the amount offered,...
HeidelbergCement updates financial targets and strategic priorities
HeidelbergCement presented its Vision 2020, updating financial targets and strategic priorities for the three-year period starting 2018 at its Capital Markets Day 2018 in Bergam...
Sinoma requires project finance for Phase III of Thanh Thang
Sinoma International Engineering Co Ltd is seeking project finance from international financial institutions to build the third phase of a 6000tpd Thanh Thang project in Ha Nam ...
Adelaide Brighton investigates AUD$14m underpayments to customers
Adelaide Brighton announced on Monday that "it has identified certain financial discrepancies which relate to transactions under which a small number of customers may have under...
Dangote Cement group increases revenues by 37% in 9M17
Dangote Cement’s overall group revenue increased by 36.5 per cent from NGN442.1bn (US$1.08bn) in the first 9M16 to NGN603.6bn in 9M2017, despite a 10.1 per cent fall in group ce...
Umm Al-Qura Cement secures US$13.3m bank loan
Umm Al-Qura Cement Company of Saudi Arabia has signed a key Islamic financing agreement with Riyad Bank to secure a SAR50m (US$13.3m) loan.
S&P upgrades Cemex to BB
Cemex SAB de CV announced that S&P Global Ratings upgraded its corporate credit rating in its global scale to BB from BB-.
CRH plc establishes a euro commercial paper programme
CRH plc has announced it has established a euro commercial paper (ECP) programme, under which its wholly-owned subsidiaries CRH Finance DAC and CRH France (UK) plc may issue fro...
BOAD grants CIMAF Burkina Faso finance
The West African Development Bank (BOAD) has granted XOF6bn (US$10.3m) to Morocco’s Cimenteries de l'Afrique Burkina Faso (CIMAF) for the partial financing of the import of raw ...