Cement News tagged under: 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... |
CEMEX refinances US$3bn syndicated credit agreement01 November 2023, Published under Cement NewsCEMEX has successfully refinanced its US$3bn syndicated credit agreement, extending the maturity to 2028. The refinanced credit agreement consists of a US$1bn five-year amortising term loan, and a US$2bn five-year committed revolving credit gacility. This represents a reduction of US$500m in the term loan and an increase of US$250m in the revolver from the prior facility. The signing of the credit agreement is an integral part of a comprehensive financing plan designed to increase liquidit... |
Natal Portland Cement secures five-year loan27 December 2021, Published under Cement NewsAs part of Natal Portland Cement’s (NPC) strategy to enhance its capital structure and investments opportunities, company CEO and Chairman, Matias Cardell has announced the approval of a five-year loan by Standard Bank totalling ZAR500m (US$32.1m). “This transaction shows recognition from the largest South African bank on NPC’s solid results and our ability to generate sustainable cash flows," added Mr Cardell. “Thanks to the turnaround process we began in 2019, we have shown that man... |
Holcim commits to 40 per cent sustainable financing by 202410 November 2021, Published under Cement NewsHolcim announces its commitment to reach at le ast 40 per cent of sustainable financing by 2024, putting climate action, water preservation and safety at the heart of its strategy. The company has accelerated this commitment with two new sustainability-linked financing transactions worth above CHF3bn (US$3.28bn). Holcim has joined the UNGC CFO Taskforce, alongside 60 companies representing a combined US$1.7trn in market capitalisation. The taskforce aligns members’ finance strategi... |
Argos North America Corp signs ESG-linked loan16 August 2021, Published under Cement NewsArgos North America Corp (Grupo Argos) entered into a new loan for US$300m, in which the interest rate is linked to CO 2 emission reduction indicators and an increase in the share of women in leadership positions. Grupo Argos continues to demonstrate its concrete commitment in implementing positive Environmental Social Governance (ESG) practices with this initiative. Cementos Argos SA and Argos USA LLC will act as guarantors in this operation. The financial entities with which the... |
Belarusian Cement receives ASB loan17 March 2020, Published under Cement NewsBelarus cement producer Belarusian Cement Co has received a BYN361,400 (US$153,607) loan from ASB Belarus. The loan will fund a new production line that is able to use refuse-derived fuel (RDF) as well as needed repairs at its Krasnoselstroymaterialy plant, reports Journal Cement. The cement works, which has a capacity of 1.6Mta, is currently carrying out repairs and a modernisation project that includes the replacement of the kiln lining and conveyor belts. In addition to supplying its d... |
Lafarge Zimbabwe obtains US$30m loan09 May 2019, Published under Cement NewsLafarge Cement Zimbabwe has obtained a long-term US$30m facility from its parent company to enable settlement of outstanding obligations, according to The Zimbabwe Independent. The company has also acquired a US$4.4 short-term loan facility to cover working capital requirements. |
Slovenia: Salonit receives EUR15m EBRD loan14 December 2016, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) has announced it is to provide a EUR15m loan to Salonit Anhovo to help it improve its operations. The funds will be used for energy and resource efficiency improvements and to restructure the company’s balance sheet. Salonit operates the largest cement works in Slovenia and alternative fuels account for 64 per cent of all fuel used for burning clinker. The EBRD loan, which will enable the installation of state-of-the-art equipmen... |
Kazakhstan: Steppe Cement refinances US$15m loans01 December 2016, Published under Cement NewsSteppe Cement has announced that it has refinanced two loans worth a combined US$15.3m, StockMarketWire reports. A loan of US$5.5m due this month has split into three tranches, the last of which now falls due in November 2018. A US$9.8m loan contracted in 2014 will now be repaid in equal monthly instalments until November 2021. "The refinancing exercise allows Steppe Cement to spread the repayment of principals over the coming years and paves the way to pay dividends consistently once ... |
US$69m loan for Equatorial Guinea cement plant15 August 2016, Published under Cement NewsThe Equatorial Guinea government has been granted a XAF40.5bn (US$69m) loan by the Cameroon-based Common Savings and Investment Fund (CCEI) to build a cement plant in the west African state. The loan will be used for the purchase of production equipment, including raw material storage, laterite crusher and conveyors. Grupo Abayak SA will build a 0.5Mta cement plant in Akoga, reflecting a total investment of XAF162bn. The option exists to expand the works’ capacity to 1Mta. |