La Internacional: 90-year-old textile company in Ecuador modernizes its operations
One of the oldest traditional Ecuadorian textile companies, La Internacional received an IDB A/B loan of $25 million to help modernize its equipment, enhance efficiency and production capacity, and improve water quality for the local community.
Ecuador’s denim maker, owned primarily by Brazil’s Vicunha Textil, S.A. (the region’s largest textile producer), has acquired and installed a new 3MW turbine at its small hydroelectric plant which reduces pressure on the national grid.
IDB’s financing is also promoting regional economic integration. Based in San Antonio de Pichincha in Ecuador, La Internacional plans to export a large part of its production, particularly through preferential access, to other Andean region markets.
- Boosted its production from 11 million to 18 million meters of denim a year.
- Created 120 direct jobs and indirect jobs at SME providers of goods and services
- Implemented a clean energy program and installed industrial residual waste treatment facility to improve the water quality of the surrounding community
- Boosted the transfer of technology and know-how from Brazil’s Vicunha Textil