NEW DELHI, India (Nov. 15)—A Washington-based organization will invest $20.5 million to finance an expansion of Continental Carbon India Ltd., a carbon black producer owned by Continental Carbon Co. The Indian company said the funds investment from the International Finance Corp.—which promotes private sector investment in developing countries—will be used to expand production, improve environmental conditions at this plant and help it become globally competitive. Continental Carbon India was created by a spin-off of the carbon black division of Oriental Carbon and Chemicals Ltd. The IFC is providing a $9 million loan itself, and arranged for the remaining $11.5 milion via syndicated loads from three lending institutions.
Continental Carbon India plans expansion
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