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ADB, Modern Syntex sign $50m loan to expand polyester chips production

The Asian Development Bank (ADB) and Modern Syntex Limited (MSL) on Tuesday signed a $50 million loan for the Modern Energy-Efficient Polyester Chips Manufacturing Project in Bangladesh. The financing will support MSL's expansion of polyester chips production capacity from 107 tonnes to 407 tonnes per day and refinance short-term local working capital loans. The expanded facility will produce...…

dhakatribune.com ·7h ago

ADB, Modern Syntex sign $50m loan to expand polyester chips production

We haven't written up this one. Dhaka Tribune Business has the full story — the link below goes straight to it.

Read the original at dhakatribune.com →

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