The Industrial Credit Project will finance loans to modernize and expand private industrial enterprises in Austria.
The loan will be made to the Oesterreichische Investitionskredit A. G., a development bank created by the Austrian government, which will, in turn, re-lend the money to 10 private companies. It will provide the capital needed for the modernization or expansion of well-established Austrian industrial firms, many of which produce for export as well as for domestic consumption. Six of the firms are in the paper and pulp industry, where the loans will assist in the shift to modernization and the processing of larger quantities of pulp into paper. Three of the other borrowers are textile manufacturers and the other is a producer of electrical equipment.
The profile contains project and financial information and lists of project documents and archival records.
April 28, 1958
The press release describes how the World Bank loan will assist firms in the pulp and paper industry, as well as textile, chemical and engineering manufacturers (1516788).
April 28, 1958
Austrian Ambassador Dr. Wilfried Platzer gives a speech at the occasion of the signing of the industrial loan to Austria (1516788).
The Kunert hosiery plant at Rankweil in Austria. The plant is one of several medium-sized industrial concerns being modernized with the aid of a Bank loan to the Austrian Development Bank (1715986; The World Bank).
A vacuum drier at the Glanzstoff rayon plant at St. Polten in Lower Austria (1715986; The World Bank).
The report describes and appraises the eleven industrial projects.