Tecnofil S.A.

completed

Tecnofil S.A. is one of Peru’s most important producers of copper and copper alloy semi-finished and finished products (electrical bars, connection flats, wire, hardware ''nuts and bolts''-type of products, solder, copper sulfate for the mining and fertilizer industries). The company started operations in 1975 and in the past four years has significantly increased its size in terms of assets and modernized its commercial focus. The company would like to obtain IFC financing to fund: (i) an expansion in its production capacity; (ii) the continuation of the implementation of modern technology to their production processes; and (iii) the refinancing of short term debt. The project will increase their production capacity by approximately 50% from around 15,000 to around 23,000 tpa. The company will switch completely to a modern "continuous casting" technology. Tecnofil needs the new technology to continue their modernization and maintain their growth pace, be able to compete internationally and comply with more demanding quality requirements from more sophisticated clients.