Cement News tagged under: Green Loan
Cimsa secures US$70m green loan from IFC for sustainability initiatives18 November 2024, Published under Cement NewsTürkiye-based cement manufacturer Cimsa , a unit of Sabanci Holding , has secured a US$70m green loan from the International Finance Corporation (IFC), a member of the World Bank Group. The loan, announced on 4 November, has a five-year maturity, including a two-year grace period for principal repayments. This marks Cimsa’s first green loan, highlighting its commitment to sustainable financing. The funds will be allocated towards renewable energy projects, alternative fuel adoption, a... |
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