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CIE Automotive secures €50M financing for Mexico expansion · Endata

◂ Announcements

Mar 11, 2019INVESTMENTCelaya, Guanajuato; Tultitlán, State of Mexico, Mexico

CIE Automotive secures €50M financing for Mexico expansion

CIE Automotive received a €50 million credit line from COFIDES to expand capacity at three plants in Mexico: CIE Celaya, CIE Pemsa, and CIE Nugar. The total investment is over €75 million.

Value

$56.2M (50.0M EUR)

Status

Announced

Productsmetal stampinghigh-pressure aluminum die castingassemblypainting

CompaniesCIE Automotive COFIDES investor

Sectors#Automotive Components

“The financing will be made through three co-investment loans charged to the own resources of COFIDES and the FIEX”mexico-now.com

1 source
mexico-now.comSpain-based CIE Automotive secures US$56.2-million financing for expansion plans in Mexico - MEXICONOWMEXICONOWMar 11, 2019

Summarized from public sources; check the original articles before acting on it.

More from CIE Automotive

Jan 9, 2020ACQUISITIONBergamo, Italy; South Bend, Indiana, USA, Italy$88.0M300 jobs
CIE Automotive acquires Somaschini for €79.6 million
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Sep 25, 2019ACQUISITIONItaly$87.0M
CIE Automotive acquires Somaschini S.p.A.
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Sep 20, 2018ACQUISITION$755.0M
CIE Automotive acquires Inteva's Roof Systems division for $755 million
CIE Automotive acquirer Inteva target mexico-now.com
Feb 7, 2017ACQUISITIONRochester Hills, Michigan, United States
CIE Automotive completes acquisition of Newcor
CIE Automotive acquirer Newcor target prnewswire.com aftermarketnews.com

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