Kardemir Makes Loan Agreement for Railway Wheel Production

kardemir railway wheels
kardemir railway wheels

Kardemir has signed a loan agreement for the production of railway wheels: Karabuk Iron and Steel Works (kardemir) Inc. has signed a loan agreement with German KfW IPEX Bank for 93 million euros.

In the statement made by KARDEMİR A.Ş to the Public Disclosure Platform (KAP), "The" Railway Wheel Production Facility "investment included in the investment program of our company was 93 million 225 thousand EURO between our company and the German KfW IPEX Bank under the guarantee of Hermes to be used in financing the overseas expenditures. An investment loan agreement has been signed with the terms of payment in 3 years, including a 10-year grace period and a 13-year pay period ”.

KARDEMİR also signed an agreement with the same bank for 45 million 553 thousand 607 EURO for the "Çubuk and Kangal Rolling Mill" investment.

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