Project Description
The IFC project entails providing a corporate loan to Arcor Group to lengthen the maturities of its debt and finance capital expenditures. The loan will provide a debt profile that will allow Arcor to further strengthen its financial structure and improve its ability strengthen its core operations in Argentina focusing on improved efficiencies, to further expand overseas, and to foster additional partnerships in Latin America. Specific projects in efficiency improvements include a new, high efficiency boiler, scrubber and scrubber effluent management system for the La Providencia sugar mill operated in Tucumán.