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- Operations
- Radfan for Manufacturing Ceramics and Porcelain Company (RMCPC)
Radfan for Manufacturing Ceramics and Porcelain Company (RMCPC)
Yemen
Borrower | Radfan for Manufacturing Ceramics and Porcelain Company |
Financing Type | Private Sector & Trade Finance |
Instrument | Private Sector Debt |
Focus Area | Industry |
Approved | 14.12.2004 |
Signed | 21.04.2005 |
Status | Completed |
Loan Administrator | OPEC Fund |
Co-financiers | Sponsors, Yemen Comm Bank |
OPEC Fund Contribution (US$m) | 5.00 |
This loan will co-finance the establishment of a modern clay hollow brick manufacturing factory near Aden, the country’s second largest city. The Radfan plant will be built over an area of 13,000 m2, close to a clay quarry, and will have an installed capacity of 180,000 tons of clay products per year. The new undertaking will bring state-of-the-art technology and efficient management to the sector and create around 90 jobs.