Ambuja to invest internal funds for expansion
Ambuja Cements, part of the Holcim group, plans to spend around INR8bn (US4133m) in 2014 from internal funds to partially finance its ongoing capacity expansion projects.
Project Finance
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Cemex completes financing for wind farm project
Cemex has successfully completed the financing of Ventika, a project comprising the construction of two 126MW wind farms each, for a total nominal capacity of 252MW, to be locat...
Gresik inks loan facility for Rembang construction
PT Semen Gresik, part of the Semen Indonesia group, has as secured a letter of credit (L/C) facility to help finance the construction of its Rembang greenfield works in Central ...
Oman Cement to obtain a loan to finance new mill project
Oman Cement has decided to obtain a loan from a leading Omani bank to finance a new mill at its existing plant with an expected expenditure of US$39m. Jamal Shamis Al Hooti, CEO...
Cimko to receive IFC loan, euro syndicated loan
The IFC is to provide a long-term financing package to Turkish cement producer Cimko to back investments in the ready-mix concrete segment and energy efficiency, the internation...
Semen Baturaja sets higher 2014 capex
PT Semen Batujara plans to increase capital expenditure for this year by 87 per cent YoY to IDR750bn (US$61.58m), according to reports by the Investor Daily. The investments wil...
Habesha secures letter of credit for new plant project, Ethiopia
Habesha Cement SC has secured a letter of credit (LC) for its Chinese contractor from the Eastern & Southern Africa Trade & Development Bank (commonly known as the PTA), Fortune...
Habesha signs loan agreements to finance new plant construction, Ethiopia
Habesha Cement has signed loan facilitation agreements for the construction of a new 1.4Mta greenfield cement plant in Ethiopia.
BTA Bank to finance Standard Cement new line
BTA Bank JSC will act as the main creditor for the construction of Standard Cement factory's second production line in southern Kazakhstan. The funds will be used to acquire equ...
Holcim Indonesia secures loan for Tuban Line 2 project
Holcim Indonesia is to receive a loan from the commercial arm of the German development bank KfW Ipex and BNP Paribas for US$98m for a second kiln line project at the new Tuban ...