# Fitesa expands non-woven production capacity in Brazil with IFC financing

IFC is providing $50 million financing to Fitesa to expand non-woven production capacity by 20,000 tons per year (17% growth) at its plants in São Paulo and Rio Grande do Sul, Brazil.

- Type: Expansion
- Announced: 2022-09-22
- Where: São Paulo and Rio Grande do Sul, Brazil, Brazil
- Value: $50.0M
- Status: announced
- Capacity: 20,000 tons per year
- Products: non-woven fabrics, medical masks, hospital gowns, PPE
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Fitesa](https://endata.com/companies/22228.md)
- [IFC](https://endata.com/companies/49372.md) (investor)

## Sources

- [worldoftechnicaltextile.com](https://worldoftechnicaltextile.com/ifc-fitesa-to-increase-non-woven-production-capacity-in-brazil/), 2022-09-22: "The $50 million financing for Fitesa, Latin America’s largest producer of spunmelt non-woven, will support the company in expanding its production of medical masks, hospital gowns and other healthcare personal protective equipment."

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