US$125m CAF loan signed for Guayaquil project

Holcim Ecuador SA has signed a loan contract for US$125m with the Latin American development bank, CAF. The funds will finance the modernisation of Holcim’s Guayaquil plant.

The upgrade programme will see clinker production capacity rise to 3.4Mta, enabling to replace current clinker imports by domestic production and reduce the country’s currency outflow.

In addition, some 20 per cent of the investment will be directed to environmental technology to improve the plant’s environmental record.