# ICD provides $20M financing to API for non-woven fabrics line in Jordan

The Islamic Corporation for the Development of the Private Sector extended a $20 million medium-term Islamic finance facility to Applied Plastic Industries Company to finance capital expenditure for advanced Spunlace equipment, enabling a new production line and expansion of manufacturing capacity in Jordan.

- Type: Expansion
- Announced: 2018-03-09
- Where: Jordan, Jordan
- Value: $20.0M
- Status: announced
- Products: non-woven fabrics, Spunlace equipment
- 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

- [tradearabia.com](https://tradearabia.com/News/331914/ICD-extends-%2420m-financing-to-non-woven-fabrics-firm-in-Jordan), 2018-03-09: "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.