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Kunshan PFG finalized M$144 lending

News International-French

9 Feb 2012

Kunshan PFG Fiber Glass (Kunshan) Co., Ltd (Kunshan PFG) has finalized with the seven banks $ 144 million five-year loan, higher than the initial size of the target. The initial goal was $ 120 million loans, the amount subscribed reached $ 198 million.

Kunshan PFG is a joint venture company between Taiwan Formosa Plastics Group Nan Ya and the United States PPG Industries in China.

This investment loan symbolizes joint venture between FPG and PPG commitment to the fiber glass industry and being a global leader," said vice president of fiber glass for PPG. "The demand for fiber glass is quickly growing in Asia, and we are committed to meeting the needs of our customers."

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Original language: Chinese