Holcim to invest US$100mn in Nobsa plant expansion

Swiss cement firm Holcim's Colombian unit will invest roughly US$100mn in its Nobsa cement plant, in central Boyacá department, local paper El Tiempo reported.

The firm will purchase and build a vertical mill whose operation will increase cement production by 700,000t/y, the report said.

The expansion will increase the company's production to 1.7Mt/y, with the capacity to reach 2Mt/y.

The mill is expected to start operations in November 2009.

Also, the firm is working on the construction of an automatic cement packaging facility.

Another project to be carried out at the Nobsa plant is the upgrade of the raw materials storage area.

Publication: Business News Americas - English News
Provider: Business News Americas
November 20, 2008 (21:21)

Cementos Argos (Cemargos) gets US$159mn loan to up production

Colombia's biggest cement company Cementos Argos (Cemargos) has obtained a US$159mn loan to expand its productive capacity, the company reported to financial regulator Superfinanciera.

The company obtained the loan from Citibank and the Danish export promotion agency EKF.

The loan will cover the purchase of new equipment to expand the company's Cartagena cement plant production by 1.8Mt/year.

The company will pay for the loan over an 11.5-year period, with a rate at 1.11% over Libor.

Cemargos belongs to Colombian group GEA.

Publication: Business News Americas - English News
Provider: Business News Americas
Date: January 2, 2008