DEWAN SALMAN
November 1st, 2002
BY KEITH NUTHALLTHE INTERNATIONAL Finance Corporation of the World Bank is to invest US$35 million in Pakistan's Dewan Salman Fibre Ltd, the largest producer of polyester staple fibre in the country. The money - a senior loan of US$30 million, a convertible loan of US$4 million, and a US$1million participation in a convertible preferred stock issue - will help the company expand its polyester staple fibre capacity by adding a specialty fibre line of 20,000 tonnes per annum, refinancing debt, and funding its need for permanent working capital. As well as the IFC ...
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