Altifibers

inactive

Altifibers S.A. is located in El Alto, La Paz, Bolivia; the company, created fourteen years ago by the sponsors, purchases, processes, and exports textiles made from natural fibers (sheep, llama, and alpaca). Altifibers S.A. buys and processes nearly 75% of all of the natural fibers produced in Bolivia, exporting them in the form of semiprocessed yarn ("tops" ). The company operates on the international natural fiber market, taking advantage of its experience with and knowledge of the export markets. It exports chiefly to the United Kingdom, Europe, and the United States.The project consists of the construction of a spinning and dyeing plant for sheep, alpaca, and llama yarns. Spinning and dying are currently done abroad because Bolivia lacks the infrastructure to ensure product quality at the necessary processing volumes. The yarn market is an export market. The project will increase Altifibers' sales volume and margins by enabling it to offer higher value-added products. The project includes investment in machinery, equipment, and buildings to vertically integrate the company and enable it to operate a complete natural fiber spinning and dyeing line using domestic raw material (tops). The company also requires financing for working capital and to restructure short-term debt in order to optimize its capital structure.