Cement News tagged under: IFC
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... |
IFC invests US$130m in Iraq's Al Douh Cement15 January 2024, Published under Cement NewsIFC is investing in Al-Douh Iraqi Company for Cement Industries (part of Al-Riyadh Investment Companies Group) to help boost economic diversification and improve sustainable growth in Iraq. IFC is providing a financing package of up to US$130m in long-term debt to Al-Douh. The financing will enable Al-Douh to expand its cement production capacity by 1.9Mta to reach overall production of approximately 3Mt of cement by the end of 2025. Of the total financing provided, up to US$25m will be... |
Votorantim to receive US$150m loan for Salto plant18 July 2023, Published under Cement NewsThe International Finance Corp (IFC) has proposed a US$150m investment 'A Loan' to Votorantim Cimentos SA for a capex project to enhance the cement co-processing capacity of Salto’s plant , in São Paulo State, Brazil, by upgrading kiln W4 and building a new residue-derived fuel (RDF) facility for refining solid non-hazardous and hazardous waste with an installed capacity of 120,000tpa. Currently, the Salto plant substitutes fossil fuels with approximately 34 per cent of alternative f... |
Votorantim Cimentos SA applies for IFC loan for Salto project02 June 2023, Published under Cement NewsVotorantim Cimentos SA has requested a US$150m investment loan from the International Finance Corporation (IFC) for a capex project at its Salto plant in São Paulo, Brazil. The modernisation will give the plant new co-processing capacity. Kiln W4 will be upgraded and a new residue-derived fuel (RDF) facility will be constructed for refining solid non-hazardous and hazardous waste with the installed capacity of 120,000tpa. Currently, the Salto plant substitutes fossil fuels with app... |
Fouta Cement prepares to launch new grinding mill in Liberia14 June 2022, Published under Cement NewsFouta Cement Corp, the subsidiary of Fouta Corp, a trading company based in Liberia, is establishing a 0.396Mta grinding plant in Monrovia. The project is financed partially via an IFC loan totalling US$21.6m. The facility is being constructed on a 10.5 acre site in Monrovia Industrial Park, under a 20-year lease from the National Ports Authority. The grinding plant will be equipped with a 50tph mill and will receive clinker by trucks loaded from vessels at a designated berth in the Por... |
IFC to fund Diamond Cement Guinea with US$30m loan17 May 2022, Published under Cement NewsThe International Finance Corporation (IFC) has agreed to provide a US$30m loan to Diamond Cement Guinea , a subsidiary of West African Cement (WACEM), to support the completion of their 0.75Mta integrated cement plant. The new greenfield plant, which is located approximately 25km from the town of Sougueta, Kindia prefecture, is the first integrated cement plant in Guinea. The plant’s 1500tpd clinker line commissioned in April 2021, while the 0.8Mta grinding unit will be commissioned i... |
CIMAF to expand capacity with IFC, Proparco and EAIF financing11 November 2021, Published under Cement NewsCIMAF will receive financial support from IFC, Proparco and the Emerging Africa Infrastructure Fund (EAIF) to help its drive for capacity expansion to meet the growing demand for housing and infrastructure in west Africa. IFC is providing a EUR161.25m financial package for CIMAF, which includes a EUR92.5m loan on its own account as well as a parallel loan of EUR33.75m from Proparco and a EUR35m B loan from the EAIF. The finance package will enable CIMAF to expand its existing cement grind... |
PPC25 January 2018, Published under Cement NewsPPC has rescheduled the debt related to its new cement plant in the Democratic Republic of Congo, PPC Barnet DRC, improving the group’s liquidity position. The new works is 69 per cent-owned by PPC, with a further 21 per cent stake held by local partner, Barnet Group, and 10 per cent by International Finance Corporation (IFC). PPC has successfully finalised a two-year capital repayment moratorium with IFC resulting in total capital requirements for PPC Barnet DRC being limited to interest... |
IFC grants Cemex EUR106m "green" loan13 July 2016, Published under Cement NewsThe International Finance Corp (IFC) has granted Cemex a loan of EUR106m to support the company’s sustainable development investment in emerging markets. After a thorough assessment of Cemex’s environmental, governance and social practices, the IFC will grant CEMEX funding for projects designed to enhance environmental performance that were completed in 2014 & 2015 as well as ongoing during 2016 which are part of the capital expenditure plan previously communicated by Cemex. Around 60... |
New Guinea-Bissau grinding plant seeks IFC loan12 January 2015, Published under Cement NewsHeidelbergCement subsidiary Scancem, in partnership with Maxime Cardoz, a private investor from Senegal, has applied to the IFC for a loan of EUR11m to help finance Guinea-Bissau's first grinding plant. The Cardoz Cimentos de Bissau project, which is 60 per cent owned by Cardoz and 40 per cent by Scancem, would be located 1.5km from the port of Bissau, a plant location in an area which currently absorbs 50 per cent of the country's cement consumption. The project has an estimated cost of ... |
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