Semen Indonesia outlines 2015 capex
Semen Indonesia has earmarked US$500m in capex next year in anticipation of an increase in infrastructure projects over the next five years, its president director has said.
Project Finance
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Mongolia: Senj Sant receives EBRD loan
The European Bank for Reconstruction and Development (EBRD) has signed a deal to loan Senj Sant US$65m for a new greenfield cement plant in southern Mongolia, about 450km from t...
McInnis Cement completes financing for Port-Daniel plant, Canada
McInnis Cement has announced the completion of the financial structure for its cement plant in Gaspé, Canada. National Bank of Canada, as sole bookrunner of the bank syndicate, ...
PPC Zimbabwe set for Harare plant construction
PPC Zimbabwe said that preliminary work for a new plant in Harare is complete and construction is scheduled to begin next month. The country’s leading cement producer has report...
Umm Al-Qura signs financing agreement, Saudi Arabia
Umm Al-Qura Cement Company announced the signing of an Islamic financing agreement with The Saudi British Bank (SABB) on 22 July for SAR 618.874m. The financing has a tenor of t...
OCC inks financing agreement for new mill project
The Oman Arab Bank (OAB) has signed new banking facilities to Oman Cement Company (OCC) for its new cement mill No 5 project, including a term loan in addition to letters of cre...
Semen Indonesia provides loan to Gresik, Indonesia
Semen Indonesia is to provide a IDR5trn loan (US$421.76m) to subsidiary Semen Gresik to partly finance the latter’s new cement plant in Central Java, according to an announcemen...
Eurocement and Sberbank sign agreement
Eurocement Group and Sberbank of Russia have signed a cooperation agreement to secure funding for the construction of new plants in Russia. The agreement was signed by Filaret G...
Goltas Goller Bolgesi Cimento inks loan for investment finance
Turkish cement maker Goltas Goller Bolgesi Cimento Sanayi ve Ticaret said Friday it will sign a US$42m loan agreement with local lender Yapi Kredi to finance its investments. Th...
Mamba Cement to build new South Africa plant
Nedbank Capital and the Bank of China Johannesburg have jointly announced the raising of debt capital to fund a new entrant into the South African cement industry.