BPI Approves 60M for the Modernization of CORBOX Corp
BPI APPROVES 60M FOR THE MODERNIZATION OF CORBOX CORP. The Bank of the Philippine Islands through its Sustainable Energy Finance (SEF) Program, a partnership between BPI and the International Finance Corporation (IFC) recently approved a P60 million loan for the modernization and upgrade of Corbox Corp. facilities in Cagayan de Oro City. The modernization will generate 54% savings in the company's energy consumption and increase volume of production of corrugated boxes. The BPI-IFC SEF Program provides assistance to private companies to invest in technologies that will generate savings in their energy consumption.
Shown during the loan signing are (seated from l-r) BPI Manager Dennis Go, Corbox President Esteban Ku, and BPI Cebu Market Head Raymond Go. Witnessing the signing are (standing from l-r) IFC Assoc. Operations Officer Romel Carlos, BPI Special Lending Unit Head Nanette Biason and IFC Technical Consultant Raymond Marquez.
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