Skip to main content

CEMATRIX Corporation enters into new credit facility

Published by , Deputy Editor
World Cement,

CEMATRIX Corporation has announced that it has entered into a new credit facility that provides for a US$5 million secured revolving operating line with the Canadian Imperial Bank of Commerce. The credit facility is undrawn as of today’s date.

“We are very pleased to partner with CIBC. CIBC is a leading North American financial institution with banking operations in both Canada and the USA to help support CEMATRIX. Our new credit facility strengthens our financial foundation and flexibility,” said Randy Boomhour, CFO at CEMATRIX. “This new credit facility will be used for working capital purposes to help enable CEMATRIX to continue to grow its sales throughout North America.”

“CEMATRIX continues to generate revenue throughout Canada and the U.S. CEMATRIX continues to grow its sales pipeline and backlog during a very difficult COVID affected construction market,” said Jeff Kendrick, CEO at CEMATRIX. “This new Credit Facility and banking arrangement with the CIBC is an important milestone that reflects these achievements and provides CEMATRIX with additional financial backing as the market returns to pre-COVID level market conditions and the Company considers other growth opportunities.”

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your advance tickets NOW »


A sustainable step forward

Lafarge Canada and CarbiCrete partner to scale deployment of carbon-negative concrete technology.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

European cement news