JN Fund Managers Limited has successfully arranged the execution of a J$900 million (US$5.78m) debt financing for FosRich Company Limited which is aiming to enter the PVC manufacturing business here.
A release yesterday from the JN Group said that FosRich Company Limited, a leading provider of electrical and lighting solutions, will be using the capital injection to begin operations in Guyana, with a particular focus on expanding its service offering in PVC manufacturing, transformer repairs and solar business.
The release said that the decision to raise debt capital reflects FosRich’s commitment to capitalize on growth opportunities in Guyana’s growing market while further diversifying its product and service portfolio.