UltraTech Cement plans to raise US$100m from IFC
UltraTech Cement plans to raise approximately US$100m from the International Finance Corporation (IFC) to support its US$297m expansion in Chhattisgarh.
Project Finance
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Development Bank of Ethiopia withdraws Habesha Cement loan
The Development Bank of Ethiopia (DBE) has withdrawn an ETB1.52bn (US$82.9m) loan agreement made with Habesha Cement for construction of a new plant.
Investing in Iranian cement production
Iran’s Bank of Industry & Mine, a specialised government-owned bank which aims to increase economic growth through the development of the industry and mining sectors, has allott...
Taiwan Cement Corp secures syndicated loan, Taiwan
Taiwan Cement Corp (TCC) has secured a five-year oversubscribed syndicated loan of TWD14bn (US$48.29m) from 12 banks, including two Chinese lenders, the company said in a press ...
FLSmidth secures EIB funding for R&D investments
FLSmidth has signed an EUR125m loan agreement with the European Investment Bank (EIB). The five-year-bullet loan will finance FLSmidth's global research and development programm...
Thach My secures new loan, Vietnam
The Bank for Investment and Development of Vietnam (BIDV) is to provide a loan to Thach My for its new cement plant under construction in the central province of Quang Nam Local...
Gresik achieves record production in 2012
State-owned Indonesian cement producer PT Semen Gresik achieved record production last year and targets further increases this year, according to a senior member of the company.
Semen Gresik sets US$400m for 2013 capex
Indonesia’s largest cement producer PT Semen Gresik has set US$400m in capital expenditure for its corporate business activities, according to its president Dwi Soetjipto.
Fitch affirms Central Asia Cement rating revises Outlook upward, Kazakhstan
Fitch Ratings has affirmed Central Asia Cement's (CAC) National Long-Term Rating at 'BB-(kaz)' and revised the joint stock company's Outlook to Positive from Stable.
Hail Cement signs loan agreement, Saudi Arabia
Saudi Arabian cement company Hail Cement announced that it has signed a loan agreement with the Saudi Industrial Development Fund on 12 December 2012.