PROJECT

Projects

Summary of Investment Information

Project Number

38988

Company Name

C.L.N. – COILS LAMIERE NASTRI S.P.A.

Date SPI Disclosed

Aug 30, 2018

Country

South Africa

Region

Africa

Projected Board Date

Oct 12, 2018

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 27, 2019

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Oct 31, 2018
Signed : Nov 2, 2018
Invested : Jul 15, 2019

Sector

Motor Vehicle Parts

Project Description

Disclaimer: This SII is prepared and distributed in advance of CLN’s Board of Directors’ consideration of the proposed transaction. This document should not be construed as presuming the outcome of CLN’s Board of Directors’ decision and is not in any way a commitment by CLN.

Project Description: The IFC proposes to provide an up to EUR€50 million loan to support CLN Group’s expansion plans in South Africa. CLN is a leading automotive stamping part manufacturer based in Italy and a repeat IFC client. It has 7 existing plants in South Africa and is looking to expand its production to serve new vehicles produced by automotive manufactures. 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