Votorantim Cimentos files for US$5.4bn IPO
Brazil’s leading cement producer, Votorantim Cimentos SA, filed on Wednesday with the Securities and Exchange Commission (SEC) to raise up to US$5.4bn in an initial public offer...
Project Finance
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Argos share offering open for 15 days, Colombia
Colombia's largest cement maker, Cementos Argos, has opened for offers 250m preferred shares, a bookbuilding process to end on 8 May 2013 to raise
Cementos Argos to issue shares to finance expansion, Colombia
Colombia’s largest cement producer Cementos Argos plans to issue up to 250m preferred shares to finance an expansion plan, the company said on Tuesday. Argos has set a range of ...
Philippine producers seek incentives on expansion
Philippine cement manufacturers are seeking incentives with the Board of Investments for new capacity projects, as local producers seek to meet expected increases in cement demand.
Fitch affirms Siam City Cement rating, outlook Stable
Fitch Ratings (Thailand) Limited has affirmed Siam City Cement Public Company Limited's (SCCC) National Long-Term rating at 'A(tha)', its National Short-term rating at 'F1(tha)'...
Moody's: West China Cement's medium-term notes issuance is credit positive
Moody's Investors Service says West China Cement's (WCC) issuance of medium-term notes (MTN) totalling CNY800m (US$129m) for three-years at 6.1 per cent is credit positive. The ...
Votorantim Cimentos files request for IPO of shares
Brazilian cement and concrete producer Votorantim Cimentos SA has filed a request with regulators to list its shares in the local stock exchange to finance its expansion plans.
South Africa cement project secures loan
South Africa-based Nedbank and Bank of China have agreed to provide a ZAR800m (US$86m) loan for a 1Mta greenfield cement plant in Limpopo.
PPC Zimbabwe secures funding for new project
PPC Zimbabwe has secured US$200m to build a second plant, according to local press reports. Chief executive, Zak Limbada, said: “We have secured US$200m for the projects but I c...
Habesha Cement seeks project funding, Ethiopia
Ethiopia-based Habesha Cement has approached the Common Market for Eastern & Southern Africa’s (COMESA) PTA Bank in Burundi to source financing for its new cement project in Add...