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SiC Processing ensures further expansion of its capacities in China | Asia Pacific
 
   

SiC Processing ensures further expansion of its capacities in China

With the successful signing of a loan agreement with DEG ? Deutsche Investitions- und Entwicklungsgesellschaft mbH, a subsidiary of the KfW banking group, on 21st December, 2011, SiC Processing ensures the continued expansion of its production capacities in China.
The loan with a term of 6 years has a volume of 15,000 k?. The loan finances the construction of production lines 5 and 6 in Baoding as well as one line at a new site in China, to be determined, with an annual processing capacity of 15,000 tons each. After the completion of the two new lines in Baoding, which are currently under construction, the plant in Baoding will reach 90,000 tons of annual processing capacity by Q2 2012.
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Posted by Gloria Llopis | 2011-12-23