SHANGHAI TYREb FACTORY TO RAISE 30 MLN U.S. DLRS
Ta Chung Hua Rubber Factory of
Shanghai will raise a 30 to 35 mln U.S. Dlr loan to expand and
modernise its plant, arranger CCIC Finance Ltd said.
    The loan, to be lead managed by the Bank of China, is
expected to mature in eight to nine years, but terms have not
been finalized.
    The money will be used to import manufacturing equipment
including technology transfer for the production of truck
radial tyres. Part of the output will be exported.
    The expansion program is expected to cost a total 54 mln
dlrs. The shortfall will be financed domestically.
 REUTER
