Cement News tagged under: finance
Saudi Arabia's cement industry looks forward to good times07 April 2014, Published under Cement NewsSaudi 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 earnings contract. NBK Capital raised Yamama Cement’s share value from SAR52.50 (US$14.00) to SAR54.42. Several new megaprojects are scheduled to come online, which are expected to drive longer-term cement demand. In addition, cement demand had been heavily focussed towards the Western Region in the past two years... |
Saudi’s Al Jouf signs US$106.7m loan with Al Rajhi Bank01 October 2013, Published under Cement NewsSaudi 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 the construction of a second production line. The loan is to be repaid by June 2019. At present, the company has a production capacity of 1.75Mta. |
Cemex: August '1203 September 2012, Published under Cement NewsCemex 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. The refinancing deal includes a debt swap, a US$1bn prepayment and revised financial covenants, giving the company extra time to prevent a financing crunch in 2014 by pushing maturities to 2017. The debt swap will exchange US$500m worth of debt for new, 9.5 percent senior secured notes that mature in 2018, adding that the new instrumen... |