Semen Indonesia plans to raise IDR3tn from bond sale
Semen Indonesia has announced a plan to raise IDR3trn (US$225.6m) from a bond sale to refinance debt of its subsidiary PT Semen Tonasa and increase working capital, according to...
Finance
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US$55m loan for new Congo cement plant
The Republic of Congo and the Export-Import Bank of India have signed an agreement for a US$55m loan to finance a new cement plant in Mafoubou/Tao Tao village in the Niari depar...
Chile: Cemento Polpaico to pay US$14.6m in back-taxes
Cemento Polpaico reported that the Chilean tax office (SII) has ordered the cement producer to pay U$14.6m in back-taxes for the years 2012 and 2013. Liquidations have led to US...
Baturaja to part-finance new plant with bank loan
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 co...
Saudi Arabia's cement industry looks forward to good times
Saudi Arabia's cement companies are preparing for long-term cement demand growth as they expand their capacity. However, for some such as Yanbu Cement, the past quarter has seen...
Saudi’s Al Jouf signs US$106.7m loan with Al Rajhi Bank
Saudi cement producer and trader Al Jouf Cement has signed an agreement with the country’s largest Islamic bank Al Rajhi Bank for a SAR400m (US$106.7m) loan to partially finance...
Cemex: August '12
Cemex agreed to a new deal with its creditors to postpone debt payments and is considering new asset sales as part its US$7.25bn refinancing programme.