EIB TURKEY
October 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) has drawn up plans to lend the Erdemir Group's Erdemir and Isdemir Iron & Steel Works. Co. up to Euro 200 million to convert, modernise and expand the Turkish company's production capacity at its Eregli and Iskenderum plants. A significant portion of these funds would be spent on moving production from long to flat steel products in Iskenderun, said an EIB note. It added that the investment would "improve the company's ability to meet domestic market requirements in product type and quality, improve ...
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