08.04.2021 22:03
Attock Cement gets credit line to finance the installation of a new production line
Attock Cement Pakistan Ltd (ACPL) has recently concluded the financial close of syndicated term finance facility of Rs9.7 billion under the State Bank of Pakistan’s Temporary Economic Refinance Facility and Long-Term Financing Facility through a consortium of banks.
This facility will be used to finance the setting up of a new cement production line with the capacity of 4,000 tonnes per day with a total investment of $100 million as approved by its board of directors for which the company has already signed a contract.
ACPL is already in the process of installing a 20-megawatt solar power plant at its existing site under the SBP’s financing scheme of renewable energy at an investment of $11m.The use of materials published on the site is allowed only with the reference to the source (the journal «Cement and its application») and a hyperlink to the quoted material.