# McInnis Cement plant nears completion, secures financing

McInnis Cement announced that 75% of construction of its cement plant in Port-Daniel–Gascons, Quebec is complete, with first cement deliveries expected in spring 2017. Shareholders closed approximately $280 million in new financing.

- Type: New facility
- Announced: 2016-11-01
- Where: Port-Daniel–Gascons, Quebec, Canada
- Value: $280.0M
- Starts operating: Q2 2017
- Status: under construction
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [McInnis Cement](https://endata.com/companies/19872.md)
- [Caisse de dépôt et placement du Québec](https://endata.com/companies/322.md) (investor)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/start-of-mcinnis-cement-project-operations-and-closing-of-financing-599518321.html), 2016-11-01: "This cutting-edge, world-class cement plant, slated to make its first cement deliveries this spring, will benefit from better-than-anticipated market conditions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.