Lamitech II

repaid

Lamitech is a leading producer of high-pressure decorative laminates in Colombia and in South America’s Andean region. Lamitech began operations in mid-1980. It has been known for innovation and continuous improvements to its products, its export orientation, its broad range of products, and good customer service. Lamitech has successfully implemented expedited delivery service to its customers in Colombia and reliable, timely delivery to its customers abroad.The IIC loan will help Lamitech significantly increase its production capacity and allow it to consolidate its export market operations. Specifically, the project includes an expansion of civil works at the plant, the purchase of machinery, equipment, and infrastructure to increase the Company’s installed capacity, financing of start-up costs, testing, and ongoing working capital requirements.This loan under consideration is the second IIC loan to Lamitech. The first IIC transaction with Lamitech was executed in 1993; Lamitech paid to the IIC on time and fulfilled all the requirements of the first loan agreement.