A USD 153 million syndicated loan facility will be used to part finance the construction of the United Stainless Steel Co. (USCO) in Hidd, Bahrain. USCO was established in February 2005 and construction started in April 2005. The plant will produce 90,000tns of SS a year at a total investment of AUD 200 million and is scheduled for completion by the end of April 2007.
