IFC invests in gas, coke firms

The International Finance Corporation (IFC), the private investment arm of the World Bank, announced plans to invest US$105 million in two mainland firms. The US-based IFC will inject US$35 million into gas distributor Xinao Gas Holdings, and US$70 million into a subsidiary of coke producer Shanxi Antai Group. IFC officials said that the investments will be used to make production processes at both companies more efficient and environmentally friendly.