Caisse de dépôt invests in Gaspé's Port-Daniel-Gascons cement plant
McInnis Cement, a company formed following the Beaudier Group’s acquisition of Cimbec in 2011, has completed financing for the construction of the Port-Daniel-Gascons cement plant in Québec's Gaspé region. The financing package, totaling $1.1 billion, features $500 million from private and public investors, including a $100 million equity investment by the Caisse de dépôt et placement du Québec alongside Beaudier. The new project will use up to 40 percent less fuel per ton of cement than conventional cement plants, reducing emissions of greenhouse gas, the company said. McInnis Cement is based in Brossard, Québec.
1 August 2014•4 mins read
