MEXICO CITY--Elementia, S.A.B. de C.V. (BMV:ELEMENT*) (the Company, or Elementia), informs the investing public that it continues its strategy to hedge its US dollar-denominated liabilities.
In order to protect the Company’s results against potential additional exchange rate fluctuations, 85% of debt contracted with the ECA was hedged in two tranches.
The details are as follows:
|First Tranche||August 26, 2016||US$ 47 million||18.25|
|Second Tranche||September 6, 2016||US$ 47 million||18.30|
Elementia is the leading building materials company in the Region. The Company has grown organically and through mergers and acquisitions to constitute today a company with a comprehensive product portfolio of market leading building materials within the construction sector, supplying up to 75% of the materials used to build a typical house. With an extensive distribution network across main construction segments Elementia is the #1 producer of fibrocement in Latin America and #2 in the U.S., one of the top 5 producer of copper brass mill products in the world, and first entrant into the Mexican cement market in 70 years. For more information go to www.elementia.com.
The main brands of the Company are: Fortaleza ® / Nacobre ® / Mexalit ® / Eureka ® / Plycem ® / Eternit ® / Duralit ® / Fibraforte ® / Frigocel ® / Allura ® / Maxitile ®