Displaying items by tag: Asia Cement (Russia)
Asia Cement (Russia) renews Freight One haulage contract
14 January 2022Russia: Asia Cement has extended its contract with Freight One for the transportation of its cement by rail from Chais, Penza region. The producer said that it will aim to dispatch 164,000t of cement under the contract in 2022.
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Global Cement News
Russia: Asia Cement intends to swap its US$86.5m debt to Vnesheconombank (VEB) for a 49% stake, the Kommersant newspaper has reported. VEB will also provide Asia Cement with a loan to help it refinance two loans, worth a total of US$259.6m. The source quoted by the newspaper said that the swap of the debt for equity was a technical transaction aimed at reducing the company's debt burden. Asia Cement operates a cement plant in the Penza region.
Published in
Global Cement News