International Finance Corp to provide upto US$35mln in loans to Indo-Egyptian PET joint venture

10-Jun-11
The International Finance Corporation, a member of the World Bank Group, said it will provide up to $35 million in loans toward construction of a Egyptian Indian Polyester Company S.A.E., on the Red Sea coast. The new company, with capacity to produce 420,000 tpa of polyethylene terephthalate (PET), is a joint venture between India’s Dhunseri Petrochem and Tea Limited, and two Egyptian government agencies. The project is also being financed through a US$65.5 mln loan and a US$11.3 working capital facility provided jointly by Commercial International Bank and Ahli United Bank.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha
Milacron 450 ton electric injection molding machine

Milacron 450 ton electric injection molding machine