France/US: Vicat Group has signed a Euro250m financing agreement taking the form of a private placement with US investors. The first tranche of the agreement covers Euro100m, with a maturity of 10 years, at a fixed rate of 1.27%. The second tranche is for Euro150m, with a maturity of 15 years, at a fixed rate of 1.57%. The group says it will use the funding to strengthen the liquidity of its balance sheet, extend the overall maturity of its debt and reduce its average debt ratio.

China: China Resources Cement has agreed to buy new head office, with an area of 26,700m² , in Shenzhen from its real estate subsidiary China Resources Shenzhen for US$126m. It consists of 91 units in the Runqi Technology Mansion in Shenzhen’s Louhu district. The property will be used by another subsidiary, CR Cement Investments, as its new headquarters. The group says that it wants to use the deal as a showcase of a ‘successful’ high profile transaction in the Shenzhen market to boost sales of other projects.

Philippines: The Board of Investments has approved China-based Sinoma Energy Conservation as the operator of a new 4.5MT waste heart recovery (WHR) unit that will be built at an unnamed cement plant in Naga, Cebu. The project has a budget of US$10.5m, according to the Manila Bulletin newspaper. Commercial operation of the unit is scheduled for the first quarter of 2022.

Sweden: The government has extended Cementa’s permit to continue mining limestone at the quarries supporting its Slite cement plant for just over one year until the end of December 2022. The cement producer said that it would restart its mining activity immediately. However, it warned that the decision could still be appealed and work stopped whilst the case was pending. The subsidiary of Germany-based HeidelbergCement also refused to rule out shortages of cement in the future due to general uncertainty with the situation. Cementa has now started applying for a three to four year mining permit at the site.