Raysut Duqm Cement Factory financing announced
To support initiatives to scale up the industrial sector in Oman, ahlibank has announced the financing of OMR8.1m (US$21.1m) for Duqm Cement Factory's new cement grinding plant ...
Project Finance
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MI Cement to raise debt for Bangladeshi grinding unit
MI Cement Factory Ltd is expected to raise foreign currency loans from HSBC and Standard Chartered Bank to finance its sixth line at its West Mukterpur, Munshiganj district of B...
Maple Leaf issues right share to finance expansion
Maple Leaf Cement Factory Ltd will issue a right share to partially finance a 7300tpd clinker production line at Daud Khel in Iskanderabad, Mianwali, Pakistan.
Canada: McInnis Cement CEO quits after new plant cost overruns
The chief executive officer of McInnis Cement, Christian Gagnon, has stepped down after it emerged that the cost of constructing the company’s new 2.2Mta Port-Daniel integrated ...
Loan agreed for phase 2 of Song Lam cement plant
The Bank for Investment and Development of Vietnam (BIDV) has agreed to lend the Hoang Phat Vissai Group VND7trn (US$311.11m), the lion's share of which will go towards developi...
Vietnam: Thanh Thang Cement Corp signs credit agreement for new second line
Bank for Investment and Development of Vietnam (BIDV) on Wednesday signed a credit contract with Thanh Thang Cement Corp to develop a second line at the Vietnamese cement produc...
Shangfeng Cement to raise funds for expansion
Chinese cement producer Shangfeng Cement Co Ltd announced Tuesday to raise no more than CNY1.5bn (US$235.78m) via private placement for overseas expansion. The company will issu...
Aboitiz secures loan to part-fund cement venture
Aboitiz Equity Ventures, Inc. (AEV) has signed an agreement for a US$400m (PHP18.7bn) loan that will partly finance its venture into the cement sector in the Philippines.
UltraTech Cement seeks shareholders approval for NCD issue, India
The board of UltraTech Cement Ltd has sought shareholder approval to raise up to INR90bn rupees via issue of non-convertible debentures (NCD) on a private placement basis, the c...
TPIPL to issue debentures to refinance debt
TPI Polene Plc (TPIP), Thailand's third-largest cement-maker, says it will issue five tranches of THB17bn (US$497m) worth of unsubordinated debentures to retail and institutiona...