Jamaica: Cemex España, a subsidiary of Cemex, has agreed to lend Caribbean Cement US$102m to purchase assets mainly consisting of the Kiln 5 and Mill 5 processes at its plant at Rockfort plant Kingston. Any remaining funds will be used for ‘general corporate purposes.’ In May 2018 Caribbean Cement signed an agreement to buy plant equipment from its parent company Trinidad Cement for US$118m that was originally leased to it. Cemex owns a controlling stake in both companies.
Cemex lends Caribbean Cement US$102m to buy equipment
URL: https://globalcement.com/news/item/7578-cemex-lends-caribbean-cement-us-102m-to-buy-equipment
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