The IFC is considering to provide an up to EUR€50 million loan to support Coils Lamiere Nastri (CLN) Group’s expansion plans in South Africa.
CLN is a leading automotive stamping part manufacturer based in Italy. 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.
CLN Group: Founded in 1949, CLN is an Italian company that operates in three business segments: Steel Metal Stamping (“MA”), Steel Wheel Manufacturing (“MW”) and Steel Service Centers (“SSC”). CLN is the preferred steel stamping and wheel supplier of many OEMs. CLN is owned 65% by Magnetto-Perris Family, 25% by Arcelor Mittal, and 10% by Marubeni-Itoshu.
Mr. Nicolas Valloroz
+39 011 9782111
Corso Susa 13/15, 10040 Casalette (TO), Italy
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