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Expansion and Modernization Financing

Expansion and Modernization Financing

OPP has entered into a 7-year financing agreement with CIBC Bank USA. The credit facilities will be used to finance OPP's modernization and expansion projects: new slitting line, modernization of the pickling line, fleet additions, and various other equipment and process upgrades. The modernization program will broaden the product range, improve product quality and increase OPP processing capacities by 200,000 tons per year of pickling and 240,000 tons per year of slitting

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