Cordiant signs IFC loan to Petstar

In February, 2007, Cordiant signed a USD 11m IFC B-loan to Petstar, a newly formed company in Mexico set up to build, own and operate a bottle-to-bottle polyethylene terephtalate (PET) recycling facility that will convert post-consumer soda and water bottles into food grade recycled PET to be sold to soda and water bottlers for the manufacturing of new bottles. For more information on this project, please consult the IFC website: Petstar