# Garay expands automotive tube plant in Celaya, Mexico with EUR 9M financing

Cofides provided EUR 9 million in financing to support Garay Componentes Tubulares' expansion of an automotive component manufacturing plant in Celaya, Guanajuato, Mexico. Total project cost exceeds EUR 12.8 million.

- Type: Expansion
- Announced: 2017-11-07
- Where: Celaya, Guanajuato, Mexico
- Value: $15.0M (12.8M EUR)
- Status: under construction
- Products: steel welded precision tubes, tubular components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Garay Componentes Tubulares](https://endata.com/companies/27891.md)
- [COFIDES](https://endata.com/companies/6200.md) (investor)

## Sources

- [webcapitalriesgo.com](https://www.webcapitalriesgo.com/071117_6_11011/), 2017-11-07: "Cofides impulsará el proceso de internacionalización de Garay Componentes Tubulares, S.A., empresa dedicada al sector de la automoción, cuya actividad principal es la fabricación de tubos de acero soldado de precisión y otros componentes tubulares."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.