# Fitesa secures $50M loan to expand nonwoven capacity in Brazil

Fitesa Nãotecidos S.A. secured a $50 million loan from the IFC to expand production capacity at its Gravatai and Cosmopolis factories in Brazil, which produce raw materials for disposable diapers, masks and aprons.

- Type: Expansion
- Announced: 2022-06-29
- Where: Gravatai and Cosmopolis, Brazil, Brazil
- Value: $50.0M
- Status: announced
- Products: nonwoven materials for health and hygiene
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Fitesa Nãotecidos](https://endata.com/companies/63782.md)
- [International Finance Corporation](https://endata.com/companies/12849.md) (investor)

## Sources

- [nortonrosefulbright.com](https://www.nortonrosefulbright.com/en/news/816653c2/20220629-norton-rose-fulbright-assists-fitesa), 2022-06-29: "The loan will finance the expansion of the production capacity of Fitesa’s Gravatai and Cosmopolis factories in Brazil, which produce raw materials for products such as disposable diapers, masks and aprons."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.