Ion Exchange may raise $5Mn debt financing from IFC

Ion Exchange is raising $5Mn debt financing from IFC for expanding it's production capacities for resins and chemicals used in water and wastewater treatment plants.

The fund will be utilized to upgrade its resin pharma facility to make it US FDA compliant, upgrade its own ETP facilities located at Patancheru in AP and Ankleshwar in Gujarat and renovation of existing buildings and branch offices located at various locations.