# ICD provides USD 20M financing to API for non-woven fabrics expansion in Jordan

The Islamic Corporation for the Development of the Private Sector (ICD) extended a USD 20 million medium-term Islamic finance facility to Applied Plastic Industries Company (API) in Jordan. The financing will fund capital expenditure for advanced Spunlace equipment to establish a new production line and expand manufacturing capacity for non-woven fabrics.

- Type: Investment
- Announced: 2026-01-01
- Where: Amman, Jordan
- Value: $20.0M
- Status: announced
- Products: non-woven fabrics, Spunlace non-woven fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Applied Plastic Industries Company](https://endata.com/companies/30672.md)
- [Islamic Corporation for the Development of the Private Sector](https://endata.com/companies/30671.md) (investor)

## Sources

- [zawya.com](https://www.zawya.com/en/press-release/companies-news/icd-extends-20mln-islamic-financing-to-expand-jordans-non-woven-fabrics-industry-fvmkdd9r), 2026-01-01: "This financing facility exemplifies ICD's strategic commitment to advancing industrial development across our member countries"
- [zawya.com](https://www.zawya.com/en/capital-markets/loans/icd-extends-20mln-financing-to-non-woven-fabrics-firm-in-jordan-yztggi65), 2026-01-05: "The facility will finance capital expenditure for advanced Spunlace equipment, enabling API to establish a new production line and expand its manufacturing capacity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.