VietinBank to finance Tuyen Quang plant
Vietnam Joint Stock Commercial Bank for Industry and Trade, or VietinBank (CTG) on has signed an agreement with Tan Quang Cement JSC to finance the latter’s cement plant in the ...
Project Finance
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Egypt: ACC secures loan to part-finance expansion
Arabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing. The loan is to be repaid over a period of...
Indonesia: Semen Bosowa sets aside US$500m for expansion
Semen Bosowa is setting aside US$500m this year to expand capacity in anticipation of a pick-up in demand across the country. The company is building cement plants in Maros (Sou...
New Guinea-Bissau grinding plant seeks IFC loan
HeidelbergCement subsidiary Scancem, in partnership with Maxime Cardoz, a private investor from Senegal, has applied to the IFC for a loan of EUR11m to help finance Guinea-Bissa...
Semen Indonesia outlines 2015 capex plans
PT Semen Indonesia Tbk has prepared capital expenditures worth IDR7-9trn (US$550m-706m), to fund new plants, upgrades and possibly further international expansion.
Atrus halts Russian plant construction
Austrian company Atrus Cement Holding AG has halted the construction of a cement plant in Krasnodar territory indefinitely, a source familiar with the situation told Interfax. T...
ARM secures loan to finance expansion
ARM Cement has secured a KES4.5bn (US$50m) loan from CFC Stanbic Bank to finance its expansion plans. “The credit adds to our existing facilities and will be used in current and...
Italcementi obtains EBRD loan for plant revamp
The Italcementi Group has signed an agreement with the European Bank for Reconstruction and Development (EBRD) granting it a loan for approximately EUR20m to fund the modernisat...
Semen Indonesia seeking IDR1-2trn banking loans
PT Semen Indonesia Tbk is seeking banking loans of IDR1-2trn (US$82.1-164.3m) to finance its 2015 capital expenditure of IDR5trn, said Corporate Secretary Agung Wiharto. (Source...
Semen Indonesia seeks loan for Papua plant construction
Semen Indonesia is seeking IDR600-IDR840bn(US$50-70m) in bank loans to help finance construction of a new cement plant in Jayapura, Papua, according to reports by the Jakarta Gl...