Company name

Iochpe Sistemas Automotivos de México, S.A. de C.V.

Project number

13152-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
tooltip

B

Country

Mexico

Sector

Manufacturing

Status

Approved

Disclosed date

03/14/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
tooltip

09/13/2022

Approval date

09/13/2022

Signed date

N/A

Sponsoring entity

N/A

Team leader

De la Fuente, Miguel

Investment type

Syndicated amount

N/A

Financing amount

USD $ 30,000,000

Currency

MXN

Project scope and objective

The proposed transaction consists of an uncommitted reverse factoring revolving credit facility. The Facility will have an initial term of 12 months, renewable annually at the discretion of IDB Invest for amounts to be determined by the use of the credit facility. This Facility will be granted to Iochpe Sistemas Automotivos de México, S.A. de C.V. to directly finance (i.e. acquire and deduct) creditor rights payable by Iochpe Mexico and/or its subsidiaries, prior confirmation by them, through an eligible electronic platform.

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

IOCHPE-MAXION - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

522.2 Kb

IOCHPE-MAXION - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

665.6 Kb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Carlos Emilio Rodríguez Godina

POSITION

Treasury Manager

PHONE NUMBER

+55 866 6491900 | Ext: 1318

EMAIL

carlos.rodriguez@maxionsc.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.