The Company has informed that it has entered into a new Loan Agreement with BHF-Bank Aktiengesellshaft, Frankfurt, Germany to borrow up to US $51.559 million to partially finance the purchase of new plant and machinery to expand its production facilities; it will be covered by Hermes (German Export Credit Agency Euler Hermes Aktiengesellshaft, Hamburg) guarantee. The Loan, which is secured on the plant and machinery being purchased, (cont.1)