# 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.

- Type: Investment
- Announced: 2019-03-11
- Where: Celaya, Guanajuato; Tultitlán, State of Mexico, Mexico
- Value: $56.2M (50.0M EUR)
- Status: announced
- Products: metal stamping, high-pressure aluminum die casting, assembly, painting
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [CIE Automotive](https://endata.com/companies/16833.md)
- [COFIDES](https://endata.com/companies/6200.md) (investor)

## Sources

- [mexico-now.com](https://mexico-now.com/spain-based-cie-automotive-secures-us-56-2-million-financing-for-expansion-plans-in-mexico/), 2019-03-11: "The financing will be made through three co-investment loans charged to the own resources of COFIDES and the FIEX"

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