PUBLIC DISCLOSURE AUTHORIZED

Transcription

1 THE WORLD BANK GROUP ARCHIVES PUBLIC DISCLOSURE AUTHORIZED Folder Title: Country Photographs - Honduras - Investment Photographs Folder ID: Fonds: Records of Office of External Affairs (WB IBRD/IDA EXT) Digitized: December 10, 2014 To cite materials from this archival folder, please follow the following format: [Descriptive name of item], [Folder Title], Folder ID [Folder ID], World Bank Group Archives, Washington, D.C., United States. The records in this folder were created or received by The World Bank in the course of its business. The records that were created by the staff of The World Bank are subject to the Bank s copyright. Please refer to for full copyright terms of use and disclaimers. THE WORLD BANK Washington, D.C International Bank for Reconstruction and Development / International Development Association or The World Bank 1818 H Street NW Washington DC Telephone: Internet: PUBLIC DISCLOSURE AUTHORIZED

2 ! DECLASSIFIED R Other#: Country Photographs - Honduras - Investment Photographs WBG Archives

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4 WORLD BANK INTERNATIONAL FINANCE CORPORATION 1818 H Street, N.W., Washington, D. C., 20433, U.S.A. IFC-391-H~ls The INTERNATIONAL FINk~CE CORPORATION (IFC), an affiliate of the WORLD BANK, is investing $1 million in equity, and together with Bank of America is providing $9 million in loan to Textiles Rio Lindo S.A. de C.V., a Honduran textile company. The- combined $10 million investment is to help Rio Lindo finance a $15 million expansion and diversification project. Textiles Rio Lindo produces cotton fabrics at its integrated textile mill located on the outskirts of Tegucigalpa. The expansion, scheduled to be completed in mid 1979, will enable the Company to produce wide synthetic/cotton blended fabrics and will increase its annual-productive capacity by 5 million yards. With increased output and greater flexibility, Textiles Rio Lindo will be able to help meet growing textile demand in Honduras and reduce imports, thus generating estimated foreign exchange savings of $4 million annually. The expansion will also create approximately 400 additional jobs. (Refer to IFC Press Release No. 78/14) A woman operating spindles on an automatic cotton yard spinning machine at the rio Linde textile mill; Tegucigalpa, Honduras. ' Please credit: IFC/WORLD BANI' PHOTO hy Ray Witlin '

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6 WORLD BANK ) '\ tl INTERNATIONAL FINANCE CORPORATION 1818 H Street, N.W., Washington, D. C., 20433, U.S.A. IFC-391-H0~2s The INTERNATIONAL FINANCE CORPORATION (IFC), an affiliate of the WORLD BANK, is investing $1 million in equity, and together with Bank-of America is providing $9 million in loan to Textiles Rio Lindo S.A. de C.V., a Honduran textile company. The combined $10 million investment. is to help Rio Lindo finance a $15 million expansion and diversification project. Textiles Rio Lindo produces cotton fabrics at its integrated textile mill located on the outskirts of Tegucigalpa. The expansion, scheduled to be completed in mid 1979, will enable the Company to produce wide synthetic/cotton blended fabrics and will increase its annual productive capacity by 5 million yards. With increased output and greater flexibility, Textiles Rio Lindo will be able to help meet growing textile demand in Honduras and reduce imports, thus generating estimated foreign exchange savings of $4 million annually. The expansion will also create approximat~ly 400 additional jobs. (Refer to IFC Press Release No. 78/14) A woman working with warp yarns on a mechanical loom for weaving cotton fabrics at the Rio Linde textile mill, Teguciagalpa, Honduras. Please- Credit: IFC/WORLD BANK PHOTO by Ray Witlin., '

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8 0 6f1 7 ( c)~ WORLD BANK INTERNATIONAL FINANCE CORPORATION 1818 H 'Street, N.W., Washington, D. c., 20433, U.S.A. J 1 " ' IFC~391-H0~3s The INTERNATIONAL FINANCE CORPORATION (IFC), an affiliate of the WORLD BANK, is investing $1 million in equity, and together with Bank of America is providing $9 million in loan to Textiles Rio Lindo S.A. de C.V., a Honduran textile company. The combined $10 million investment is to help Rio Lindo finance a $15 million expansion and diversification project. Textiles Rio Lindo produces cotton fabrics at _its integrated textile mill located on the outskirts of Tegucigalpa. The expansion, scheduled to be completed in mid 1979, will enable the Company to produce wide synthetic/cotton blended fabrics and will increase its annual productiv~ capacity by 5 million yards. With increased output and greater flexibility, Textiles Rio Lindo will be able to help meet growing textile demand in Honduras and reduce imports, thus generating estimated foreign exchange savings o_f $4 miilion annually. The expansion will also create approximately 400 additional jobs. (Refer to IFC Press Release No. 78/14) A man operating the mechanical loom for weaving cotton fabrics at the Rio Linde textile mill, Tegucigalpa, Honduras. Please credit: IFC/WORLD BANI< PHOTO by Ray Witl:in

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10 WORLD -BANK INTERNATIONAL FINANCE CORPORATION 1818 H Street, N.W., Washington, D. C., 20433, U.S.A. IFC-391-H0~4s The INTERNATIONAL FINANCE CORPORATION (IFC), an affiliate of the WORLD BANK, is investing $1 million in equity, and together with Bank of America is providing $9 million in loan to Textiles Rio Lindo S.A. de C.V., a Honduran textile company. The combined $10 million investment is to help Rio Lindo finance a $15 million expansion and diversification project. Textiles Rio Lindo produces cotton fabrics at its integrated textile mill located on the outskirts of Tegucigalpa. The expansion, scheduled to be completed in mid 1979, will enable the Company to produce wide synthetic/cotton blended fabrics and will increase its annual productive capacity by 5 million yards. With increased output and greater flexibility, Textiles Rio Lindo will be able to help meet growing textile demand in Honduras and reduce imports, thus generating estimated foreign exchange savings of $4 million annually. The expansion will also create approximately 400 additional jobs. (Refer to IFC Press Release No. 78/14) A woman inspecting fabric at the Rio Linde textile mill, Tegucigalpa, Honduras.

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12 WORLD BANK INTERNATIONAL FINANCE CORPORATION 1818 H Street, N.W., Washington, D. C., 20433, U.S.A. ) '\ IFC-391-HO~Ss The INTERNATIONAL FINANCE CORPORATI ON (I FC), an affiliate of the WORLD BANK, is investing $1 million in equity, and together with Bank of Amer i ca is providing $9 million i n lo&~ to Textiles Rio Lindo S.A. de C. V., a Honduran t extile company. The combined $10 million i nvest ment is to help Rio Lindo finance a $1.5 million expansion and diversifi cation project. Textiles Rio Lindo produces cotton f abri c s at its integrated textile mill located on the outskirts of Tegucigalpa$ The expansion, scheduled to be completed in mid 1979, will enable the Company to produce wide synthetic/cotton. blended fabrics and will incr ease its annual pr oductive capacity by 5 million yards. \-1ith, increased out put and greater flexibility, Textiles Rio ~ Lindo will be able to help meet growing textile demand in Honduras and reduce imports, thus generating estimated foreign exchange savings of $4 million annually. The expansion will also create approximately 400 additional jobs. (Refer to I FC Press Release No. 78/14) A woman sewing cotton fabric at the Rio Linde textile mill, Tegucigalpa, Honduras. Pl-e~se Credit: IFC/WORLD B~PHOTO. by ~y Wftlin..