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  2. Radfan for Manufacturing Ceramics and Porcelain Company (RMCPC)

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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.

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