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Jordan Al Abyad Fertilizers and Chemical Company (JAFCCO)
Offering Size: USD 24.85 Million
Country: Hashemite Kingdom of Jordan
Sector: Chemical Fertilizers
Year: 2007
The proceeds of a USD 24.85 million private placement offering in 2007 together with the investment by VCBank and MENA SMEs Fund is being used to fund JAFCCO’s business growth plan, which comprises the expansion of existing facilities with the development of a new state-of-the-art industrial complex, specialising in the manufacturing of chemical fertilizers and other kinds of chemicals that are currently imported into the MENA region.
During 2008, JAFCCO achieved exceptional results, mainly due to the outstanding performance of the existing plant with revenue and EBITDA higher than 2007 by 92% and 170% respectively. At the same time, work on the expansion project progressed well, and is currently ahead of schedule, with completion expected in early 2010.
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Offering Size: USD 24.85 Million
Country: Hashemite Kingdom of Jordan
Sector: Chemical Fertilizers
Year: 2007
The proceeds of a USD 24.85 million private placement offering in 2007 together with the investment by VCBank and MENA SMEs Fund is being used to fund JAFCCO’s business growth plan, which comprises the expansion of existing facilities with the development of a new state-of-the-art industrial complex, specialising in the manufacturing of chemical fertilizers and other kinds of chemicals that are currently imported into the MENA region.
During 2008, JAFCCO achieved exceptional results, mainly due to the outstanding performance of the existing plant with revenue and EBITDA higher than 2007 by 92% and 170% respectively. At the same time, work on the expansion project progressed well, and is currently ahead of schedule, with completion expected in early 2010.
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