Cordiant signs $18m IFC B-loan for China's Zhejiang Glass

In June, 2006, Cordiant signed an $18m B-loan with IFC for Zhejiang Glass in China. Zhejiang Glass is a manufacturer of float glass located in Shaoxing, Zhejiang Province, 180 kilometers southwest of Shanghai and soda ash at its plant in Qinghai province in Western China. Zhejiang Glass is a well established producer of float glass serving one the fastest growing regions of the country. For more information on this project, please consult the IFC website: Zhejiang Glass or the company’s website at www.zjglass.cn.