26
Sep
14:19
Egypt's Kandil Steel secures working capital, eyes expansion
Egyptian flat steel re-roller Kandil Steel has secured a $25 million loan from the International Finance Corporation (IFC) to meet its growing working capital requirements and secure additional raw material purchases, Kallanish understands.
The IFC will support the company's operational and financial resilience and provide advisory support to Kandil's decarbonisation efforts, to reduce carbon emissions and improve its overall environmental and social pract…
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