All Stories
Follow
Subscribe to KfW IPEX-Bank

KfW IPEX-Bank

KfW IPEX-Bank finances new BMW Group production facility in Mexico

Main (ots)

   - KfW IPEX-Bank finances complete production plant for the BMW 
     Group in central Mexico together with DZ BANK and BayernLB
   - Largest single commitment under KfW's lending programme for 
     energy efficiency
   - Construction of BMW Group's most sustainable production facility
     worldwide

Together with DZ BANK and BayernLB, KfW IPEX-Bank has closed the syndicated financing for the BMW Group's new plant in San Luis Potosí, Mexico. Each of the three banks is contributing an equal share to the total lending volume. The loan arranged by KfW IPEX-Bank has a tenor of 10 years. Given the new plant's particularly good energy efficiency, it can be funded under KfW's Energy Efficiency Programme. This marks the single biggest commitment ever made in connection with these programme loans.

"We are very pleased to be able to support BMW, our long-standing and esteemed business partner, with this key project, which sets new standards in terms of sustainability and energy efficiency," commented Markus Scheer, member of the Management Board of KfW IPEX-Bank. "In this transaction we have made use of our years of experience and expertise when it comes to arranging and structuring large-volume financing."

The new BMW Group plant being built in central Mexico is scheduled for completion by 2019. It involves a total investment volume of around USD 1 billion and will create at least 1,500 new jobs. The facility will produce the 3 Series Sedan, the BMW Group's most successful model series, and its annual production capacity will reach some 150,000 vehicles.

With its innovative production system and comprehensive environmental standards, the plant in San Luis Potosí will be the BMW Group's most resource-efficient production facility from its first full year of production. The plant will be supplied to 100% with CO2-free power, for instance through the use of renewable sources of energy. Much of the power will be generated by an on-site solar system.

The efficient use of water resources is also an important sustainability target in San Luis Potosí. Within the production network of the BMW Group the new plant will use the lowest volume of water per manufactured vehicle. The BMW Group will operate its first paint shop generating no process waste water, as the water required will be treated and reused.

Contact:

KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: Dela Strumpf, E-Mail: dela.strumpf@kfw.de
Tel. 069 7431-2984, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de,
Internet: www.kfw-ipex-bank.de

Original content of: KfW IPEX-Bank, transmitted by news aktuell

More stories: KfW IPEX-Bank
More stories: KfW IPEX-Bank
  • 25.08.2016 – 10:42

    KfW IPEX-Bank and Landesbank Hessen-Thüringen finance Peralta wind farm in Uruguay

    Frankfurt am Main (ots) - - Consortium consisting of KfW IPEX-Bank and Helaba supports German wind turbine manufacturer ENERCON - Complex financing structure includes Hermes cover - New installation of 117.5 MW: wind project aims to diversify generation sources and improve Uruguay's carbon footprint KfW IPEX-Bank and Helaba support the expansion of renewable energies ...

  • 08.07.2016 – 11:51

    KfW IPEX-Bank, BayernLB and LBBW finance expansion of Germany's largest data centre for T-Systems

    Frankfurt am Main (ots) - - 45,000 new servers for the data centre in Biere/Saxony-Anhalt - Banking consortium provides financing for second construction phase - Inclusion of KfW Energy Efficiency Programme KfW IPEX-Bank, BayernLB and Landesbank Baden-Württemberg (LBBW) are jointly supporting IT service provider T-Systems in the expansion of Germany's largest and most ...

  • 03.05.2016 – 10:15

    The most successful year in the company's history: KfW IPEX-Bank issues 2015 Annual Report

    Frankfurt am Main (ots) - - New commitments of EUR 20.2 billion support German and European economies - EUR 628 million contribution to KfW's consolidated earnings - KfW IPEX-Bank generates operating income before taxes of EUR 274 million as a separate reporting entity - Outlook for 2016: Consolidate market position further, focus on syndicated business, moderate ...