ITALY-UKRAINE CLAY CERAMICS JOINT VENTURE GETS IFC LOAN
July 1st, 2006
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending US$9 million to Italian-Ukraine ceramic tile manufacturer Zeus Ceramica, helping it expand its Slovyansk, Donetsk region, Ukraine-based operations and improve its balance sheet. The company was established in 2003 by Italy ceramic tile producer Emilceramica and Ukraine clay and kaolin supplier Yuzhno-Oktiabrskie Gliny YUG, and now has an annual production capacity of 2 million square metres, covering a wide range of ceramic tiles. The IFC loan will help the company ...
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