Ecuadorian dairy firm Tonicorp has opened a new dairy production plant in Guayaquil. The inauguration ceremony was chaired by the President of Ecuador, Lenín Moreno, together with directors of Arca Continental and The Coca-Cola ...
Tags: dairy, dairy Facility
Olam International has entered into a $175m five-year loan agreement with IFC, a World Bank Group unit, to fund its working capital and capital expenditure requirements for four of its food processing facilities in Nigeria and India. The ...
Tags: Olam, IFC, Food Processing Facilities
SRF Limited is reportedly investing close to $58m in building a new biaxially-oriented polyethylene terephthalate (BOPET) film production plant in the Indian state of Madhya Pradesh Of the total investment, around $40m will be provided ...
Tags: SRF Limited, BOPET film
Hubbell Building Automation has introduced the new IFC In-Fixture Controller. The IFC device offers stand-alone lighting control with unified motion and daylight sensing. A provider of occupancy sensors and lighting controls, Hubbell ...
Tags: Hubbell Building Automation, Lighting Fixture Controller
Haiti’s apparel sector has just got a shot in the arm. The International Finance Corporation (IFC), a member of the World Bank Group, has decided to invest $4 million to help The Willbes Haitian S.A., a subsidiary of South Korea-based ...
Tags: apparel manufacture, IFC, knits, sweaters, woven products, microfibers
The campaign for safety in the Bangladeshi readymade garment sector has received a boost with the International Finance Corporation (IFC), a member of the World Bank Group, announcing a wide-ranging safety programme by providing $50 million ...
Tags: fshionable garment, IFC, garment
Pork producer and processor Smithfield Romania has secured $60m in loan from the International Finance Corporation (IFC) to expand its operations in the country. The loan amount will be spent on restructuring its debts and to expand its ...
Tags: Pork producer, Smithfield Romania
Al Safi Danone Iraq will receive around $18m in investment from World Bank Group member IFC to expand its dairy operations to enhance domestic food security. This is a part of World Bank Group's strategy to encourage South-South ...
Tags: Al Safi Danone Iraq, food security
Over 30 Chinese textile mills, many of which create clothing for major high-volume apparel brands and retailers are saving $14.7 million annually by adopting simple efficiency measures in their production processes, according to a new ...
Tags: textile mills, high-volume apparel
The Aditya Birla Group has proposed a four-way restructuring plan to bring its retail business under Pantaloon Fashion & Retail (PFRL) and offer a maximum of 10 per cent equity stake to an investor in the consolidated entity, according to ...
Tags: Birla Group, Pantaloons Fashion
At a seminar organised recently in Dhaka, experts recommended framing rules for making the Bangladesh textile industry environmental complaint due to the rise in demand for green products. The seminar titled ‘Legal and Regulatory ...
Tags: textile industry, green products
International Finance Corporation (IFC) will provide a senior loan of $8.5m and mobilize a parallel senior loan of €5m from Rabobank to help Georgia’s glass bottle manufacturer Mina expand its business. The financial help from ...
Tags: Glass Container, financial help, Packaging
A latest report from Better Work Vietnam reveals that fire safety initiatives in garment factories in the Southern region of Vietnam are yet to meet national and global standards, despite certain progress. Major garment factories in the ...
VF Corporation, a leading apparel supplier chain company, and IFC, a member of the World Bank Group, have provided loans to three Bangladeshi garment factories under a new program for funding fire and building safety improvements. Through ...
India now has its first online platform, SMEcorner.com, which will address capital and financial needs of India’s vast small and medium enterprises (SMEs). SMEcorner.com has tied up with India’s biggest ecommerce retailer, ...
Tags: Lending Platform, Textile