PROJECT

Projects

Summary of Investment Information

Project Number

34366

Company Name

MA AUTOMOTIVE ROSSLYN (PTY) LTD

Date SPI Disclosed

Nov 5, 2013

Country

South Africa

Region

Africa

Projected Board Date

Dec 5, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Dec 3, 2013
Signed : Dec 13, 2013
Invested : Dec 20, 2013

Sector

Motor Vehicle Parts

Project Description

The IFC proposes an equity investment of EUR20 million in MA South Africa, a subsidiary of the CLN Group, to support its expansion plans in the country. CLN is a leading automotive stamping part manufacturer based in Italy and a repeat IFC client. It has 8 existing plants in South Africa and is looking to expand its production to serve new local automotive manufacturers. It produces and assembles steel and aluminum automotive structural parts and skin panels.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation