PROJECT

Projects

Summary of Investment Information

Project Number

45571

Company Name

FITESA NAOTECIDOS S/A

Date SPI Disclosed

Dec 1, 2021

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Jan 14, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 30, 2022

Department

Regional Industry - MAS LAC

Industry

Manufacturing

Previous Events

Approved : Jan 10, 2022
Signed : May 12, 2022
Invested : Jun 28, 2022

Sector

Other Textile Products (Including Industrial and Medical Products)

Project Description

Fitesa S.A. (“Fitesa” or the “Company”) is one of largest global manufacturers of nonwoven spunmelt textiles for medical, hygiene and industrial sectors. With headquarters in Porto Alegre, southern Brazil, Fitesa operates 23 plants and 5 innovation centers across 13 countries. Fitesa has been a key player in increasing the supply of nonwoven materials used in medical masks, respirators and other healthcare products whose demand has surged as a result of the COVID-19 pandemic. Fitesa is undergoing an expansion project to increase its capacity in Brazil.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation