CEMATRIX Boosts Credit Facility for Growth

Cematrix (TSE:CVX) has released an update.

CEMATRIX Corporation, a North American leader in cellular concrete technology, has increased its credit facility from $3 million to $8 million with the Canadian Imperial Bank of Commerce to bolster its growth and meet working capital needs during peak times. The company, which prides itself on its strong balance sheet and is currently not drawing on the new credit limit, views this expansion as a way to enhance financial flexibility for its expanding operations.

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