THE INTERNATIONAL Finance Corporation (IFC) of the World Bank is lending US$30 million to Brazilian footwear producer Sao Paulo Alpargatas S.A. (SPASA), to finance its on-going investment programme, modernising production facilities and increasing capacity. The company has been identified by the IFC as a company that would effectively use such finance; since 1997, it has improved performance and market position by upgrading product quality and lowering costs, notably through new manufacturing technologies and relocating production facilities ...

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