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Home Industry News Nalco unveils financial plans and new appointment

Nalco unveils financial plans and new appointment

6th May 2009

Nalco has announced plans to generate funds to make repayments on a number of its existing credit facilities.

The company, which announced "solid" earnings for the first quarter of 2009 earlier in the month, will release $300 million (£199 million) of senior unsecured notes through its wholly owned subsidiary Nalco Company.

It is hoped the revenues generated by the offering will assist the group in the repayment of term loans it has, which are currently outstanding under its senior secured credit facilities.

Nalco also announced this week Ying Yeh would join its organisation as the vice-president and chairman of its operations in the Greater China region.

Commenting on the appointment, Ms Yeh said she would endeavour to continue the firm’s work in establishing green technologies and services across the area.

"By providing total solutions for resource conservation and environmental protection, Nalco will play a role in enabling China’s transformation into an environmentally responsible global leader of the 21st century," she added.

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