The World Bank's International Finance Corp. agrees to lend $4 million to China's Changchun TBK Shili Auto Parts Co. to help it begin producing asbestos-free automotive brakes. The loan will help finance construction of a plant to manufacture break linings without asbestos, reducing pollution and health risks in China. At present, Chinese brake friction materials are about 40% asbestos, a material commonly linked to lung cancer. Changchun TBK, based in northeastern China, is a joint ...
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