International Finance Corp. Assists Chlor-Alkali Project in India

International Finance Corp. (IFC; Washington), the private-sector arm of the World Bank, says it will invest $20 million in chemical intermediates manufacturer Kanoria Chemicals and Industries (KCI; Kolkata, India), to help the company expand chlor-alkali capacity at Renukoot, India. KCI has sales of about $75 million/year, and makes chlorochemicals, alcohols, agchems, water treatment chemicals, and industrial gases. The Renukoot site manufactures chlorine, caustic soda, chlorine derivatives, and water treatment chemicals. KCI operates one other site, at...

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