GE Capital has signed to provide a £4.5million
(€5.4million) credit facility to a Middlesbrough-based chemical
company.
The facility, to be provided to FPCi Plc, the
holding company for Fine & Performance Chemicals, is to take
the form of confidential invoice discounting.
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GE has said it is expected to provide up to
£18 million a year of working capital to FPCi, in volume terms,
over the course of the three-year contract
The credit facility is to support the
company’s future growth plans.
Claire Hack
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