Cement News tagged under: Project Finance
Batisoke secures loan for sustainable energy generation, Turkey07 October 2013, Published under Cement NewsTurkish cement producer Batisoke Cimento Sanayii has secured a EUR10m loan from local lender Akbank under the European Bank for Reconstruction and Development's (EBRD) facility to promote energy efficiency. The 7.5 year loan will be provided by Akbank under the Euro Turkey Mid-Size Sustainable Energy Financing Facility (MidSEFF) of the EBRD, Batisoke said in a bourse filing. The EBRD aims to support Turkish private-sector borrowers with this facility to implement mid-size renewable en... |
Saudi Cement receives funding for expansion04 October 2013, Published under Cement NewsSaudi cement producer Tabuk Cement Company yesterday signed an agreement with local Bank Albilad for Islamic financing worth SAR500m (US$133.3m) In a statement to the bourse, the company said it will use the funds to partially finance the second phase of an expansion project, which includes the construction of a 5000tpd clinker line, and an adjacent power plant and desalination plant. The loan is to be repaid by October 2020. |
Weaker rupiah impacts Semen Baturaja plant plans11 September 2013, Published under Cement NewsPT Semen Baturaja is having to adjust its plan to develop a new factory due to the weakening of the rupiah against the US dollar. According to reports by the Jakarta Post, that the purchase of equipment, which makes up about 40-50 per cent of total investment costs, could be delayed. Semen Baturaja president director Pamudji Rahardjo told the newspaper that the company was working on a new valuation of the investment with higher exchange rate, as the currency has passed 11,000. The curre... |
Hai Van Cement to issue shares to finance acquisition, Vietnam26 July 2013, Published under Cement NewsHai Van Cement JSC is to issue 21.46m shares in a move acquire Ang Son II Co the from Thang Loi Group Co. The volume will be sold to existing shareholders at VND10,000/shares at a 116-at-100 ratio, company said in a statement sent to the bourse. The proceeds, estimated at VND214.6bn (US$10.12m). Net profit jumps Hai Van Cement recently reported that it posted a net profit of VND10bn in the second quarter of 2013, up 279 per cent from a year ago. Revenues reached VND223.5bn in the th... |
Semen Baturaja announces IPO, Indonesia31 May 2013, Published under Cement NewsIndonesian state-run cement maker Semen Baturaja plans to raise up to IDR1.6trn (US$163m) from an initial public offering next month to finance expansion as its existing production base nears maximum utilisation levels. State Enterprises Ministry's deputy head of restructuring and strategic planning, Wahyu Hidayat, that the indicative share prices of between IDR500-685 has been approved, according to reports in the Jakarata Globe. The South Sumatra-based company is selling 2.34 billion ... |
Votorantim Cimentos unveils terms of IPO, Brazil30 May 2013, Published under Cement NewsBrazil’s leading cement producer, Votorantim Cimentos, has announced terms of its initial public offering (IPO) to fund further expansion, acquisitions and improvements in efficiency. In a preliminary prospectus, the company expects to sell 400 million units, with each unit expected to price between BRL16 (US$7.80) and BRL19. Each unit consists of one common share and two preferred shares. It will also offer American depositary shares that will be listed on the New York Stock Exchange u... |
Holcim Philippines to tap debt market27 May 2013, Published under Cement NewsHolcim Philippines is considering the debt market to fund its new US$450-550m cement plant in Norzagaray, Bulacan, the company's chief has said. Speaking to local press, Eduardo Sahagun, president and CEO, said that part of the funds to construct a 2.5Mta plant will come from internally generated income while the bulk will come from the debt market, most likely from local sources. The company will decide how much to raise during the fourth quarter of this year. “We have no debt at the... |
Western Diamond Cement Ltd secures project loan, Ghana10 May 2013, Published under Cement NewsStanbic Bank has closed a US$20.15m loan deal with Western Diamond Cement Ltd, part of the West African Cement SA (WACEM) Group, to build a cement production plant in the western region of Ghana. T he 1Mta cement factory will be located at Egyam Bokro near Takoradi and production is scheduled to start in 2014. Speaking at a signing ceremony in Accra, the Chairman of WACEM Group Manubhai Jethabhai Patel said the Group is committed to developing the natural resources of countries they o... |
Cementos Argos issues US$765m to finance expansion plans10 May 2013, Published under Cement NewsColombia's leading cement producer Cementos Argos has issued COP1.4trn (US$765m) worth of preferred shares to finance expansion plans. The company sold the 182 million shares at COP7,700 each to both domestic and foreign investors, receiving offers worth COP2.1trn, the company said in a statement. It may sell another 32 million shares in a second round at the same price per share, it said. |
Siam Cement Group to lift capacity by 4.5Mta in two years25 April 2013, Published under Cement NewsSiam Cement Group plans to spend US$1.5bn to expand cement production capacity in Southeast Asia by 4.5Mta over the next two years. President and chief executive of Siam Cement Kan Trakhulhoon told the Bangkok Post that the US$400m cement plant in Indonesia is already under construction with Phase 1 expected to come on-stream by 2015. Meanwhile, the Myanmar cement factory is still awaiting approval, but Phase 1 is also slated to be operational by 2015 and involve a similar cost. The compa... |