Credit agreement signed with Ziraat Bank for financing of KARDEMİR Capacity Extension and Modernization Project New Air Separation Facility
Karabük Iron and Steel Factories (Kardemir) A.Ş. A new one is being added to the investments related to the "Capacity Increasing and Modernization Project", which will be realized by the company to increase the current annual capacity of 1.8 million tons to 3 million tons.
According to the information received by the Investments Magazine; For the financing of the New Air Separation Plant No. 3, which will meet the gas demand that will increase depending on the annual production capacity of 4 million tons, Kardemir has been assigned to Ziraat Bankası A.Ş. 42.500.000 dollar investment loan agreement was signed with. The maturity of the loan was determined as 3 years with a 9-year grace period and 12-year payment.
As is known, China's Sichuan Air Separation Plant (Group) Co. Ltd. A contract was signed with the company. Kardemir will start investing in 40.000 Nm / hour oxygen, 40.000 Nm / hour nitrogen and 1.500 Nm / hour argon production capacity this year. Kardemir Board of Directors decided to set up the facility in October last year.
Ref .: Investments Magazine 1174 / 24 March 2014 (GB)
Source : I www.yatirimlar.co