RG-L1118 : Fitesa Regional: Brazil and Mexico

Project Status
Approved

The project consists of the installation and operation of: a) a new 20,000 thousand ton per year non-woven[1] production plant in Cosmópolis (São Paulo, Brazil); and b) a new 20,000 tons per year production line in a plant in San José de Iturbide (Guanajuato, Mexico). The plant in Cosmópolis will be the first one in South America to use renewable polypropylene (produced with sugar cane instead of hydrocarbons), thanks to its bi-component technology. The objective of the loan is to improve and increase the production capacity of Fitesa S.A. ("Fitesa") through its operating companies in Brazil and Mexico. As part of the project, the IIC will finance studies and the installation of solar panels (subject to study results) at the Cosmópolis and/or San José de Iturbide plant. The panels will provide approximately 13% and 5% respectively of the electrical energy consumed by each plant every year. IIC's long-term financing will match the lifecycle of the project's assets and will thus further strengthen Fitesa's financial structure. Fitesa is one of Brazil's most diversified and internationalized companies, with production plants in South America, North America, Europe and Asia. Fitesa specializes in the production of nonwovens for hygiene products. Fitesa manufactures 30% of the hygienic nonwovens consumed in Brazil and 50% of the nonwovens consumed in Mexico.

PROJECT DETAIL

Project Number RG-L1118
Financial Information
Project Number RG-L1118
Project Status Approved
IDB Financing
Financing Type Private Sector Loan
Fund CHC
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Roles & Responsibilities
Contract Signature Date
Financial Information
Project Number RG-L1118
Project Status Approved
IDB Financing
Financing Type Private Sector Loan
Fund CHC
Reporting currency USD - United States Dollar
Reporting Date NOV 30, 2017
Roles & Responsibilities
Contract Signature Date
Country Regional
Sector INDUSTRY
Subsector INDUSTRY-MANUFACTURING INDUSTRIES
Project Type Loan Operation

PROJECT INFORMATION

Total Cost H USD 20,250,000
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 20,250,000
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

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