Sources: LafargeHolcim Ltd., Zurich; CP staff LafargeHolcim is breaking new ground in financing instruments among heavy building materials operators. Investors in its 850 million-euro ($1.03 billion) sustainability-linked bond will earn a higher coupon upon 2031 maturity should the producer not meet a primary objective—cutting net carbon dioxide emissions per ton of cementitious material output—by the end of the decade.Read More
McInnis Cement secures financing for plant serving New England, Mid-Atlantic, Great Lakes, Eastern Canadian markets
Quebec Premier Pauline Marois joined business leaders January 31 to outline a financial structure enabling McInnis Cement, an export-driven start up headed by industry veterans, to commence Spring 2014 construction of a plant and marine terminal with ultimate capacity toward 2.5 million tonnes/year.Read More
AIA tracks spike in projects idled by financing issues
Sources: McGraw-Hill Construction, New York; American Institute of Architects, Washington, D.C.
Drawing on McGraw-Hill Construction Dodge data, a new AIA report finds the share of projects—led by those in the education and multifamily sectors—stalled due to financing problems has nearly doubled since 2008. “Stalled Construction Projects and Financing” correlates the challenges of construction financing to the incidence of stalled projects in the U.S.Read More