A syndicated lease facility of Tk225 million for TK Chemical Complex Ltd was signed in Dhaka on January 23. IIDFC (Industrial and Infrastructure Development Finance Company Ltd) as the lead arranger arranged the fund for financing of cigarette paper, colour paper and offset and printing paper machinery.

The other participating financial Institutions are BIFC, Prime Finance & Investment Ltd and United Leasing Co Ltd (ULC). The TK Group is coming up with a newsprint mill, which will come into operation in March,2008, will have production capacity of 500 tons per day.