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News Cementos Bío-Bío takes loan

Cementos Bío-Bío takes loan

Written by Global Cement staff 01 June 2020
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Chile: Cementos Bío-Bío has taken a loan worth US$37.6m from BCI-Itaú bank and Scotiabank. It took the measure ‘to ensure the company’s liquidity’ in response to the coronavirus outbreak. Cementos Bío-Bío said, “The Covid-19 pandemic brings risks due to its impact on the world and local economy. The company estimates that it will strongly affect construction, impacting cement dispatches.” It added, “The company maintains a comfortable cash position,” with liquidity of US$53.3m.

Last modified on 03 June 2020
Published in Global Cement News
Tagged under
  • Chile
  • Cementos Bio Bio
  • Loan
  • coronavirus
  • corporate
  • GCW458

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