Source: McInnis Cement, Montreal
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New Quebec administration supports McInnis Cement
Leaders in the newly elected Quebec government have confirmed the major financial commitment—$100 million equity stake plus $250 million in senior debt—the predecessor administration announced earlier this year for the $1.1 billion McInnis Cement plant and marine terminal in Port-Daniel-Gascons.
Read MoreQuebec officials sustain predecessors’ financial backing of McInnis Cement
Sources: Quebec Office of Minister of Economy, Innovation and Export Trade; McInnis Cement, Montreal; CP staff
Leaders in the newly elected Quebec government have confirmed the major financial commitment—$100 million equity stake plus $250 million in senior debt—prior province officials announced earlier this year for the $1.1 billion McInnis Cement plant and marine terminal in Port-Daniel-Gascons.
Read MoreNortheast Newcomer
McInnis Cement orients greenfield plant to broad Great Lakes and Atlantic Coast market footprint
By Don Marsh
Quebec Premier Pauline Marois and business leaders convened in late-January to outline a financial structure for an export-driven start up, McInnis Cement. The company will commence spring 2014 construction of a “shovel ready,” $1 billion project: An advanced portland cement mill with ultimate annual capacity upward of 2.5 million tonnes (2.75 million tons), plus marine terminal equipped to load 2,000 tonnes (2,200 tons)/hour.
Read MoreMcInnis 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.
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