CIE Auto Mexico (IFC-40252)

  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
  • Mexico
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 11, 2017

Disclosed by Bank Nov 13, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The proposed investment comprises of loan package of up to US$150 million from IFC’s own account and other B/parallel lenders, that would be extended to CIE Automotive S.A., the Group holding company in Spain. The proceeds of the loans shall be used for the expansion of CIE’s operations in Mexico, (“CIE Mexico”) including financing or refinancing of capital expenditure, development cost and cash flow for organic and inorganic growth (the “Project”). Currently, CIE’s operations in Mexico include a total of nine operational facilities, majority of which are located around the automobile cluster of Celaya and Queretaro in Central Mexico, with a total workforce of over 4,600 employees.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.
From the IFC: Headquartered in Bilbao, Spain; CIE Automotive (“CIE” or the “Group” - is an industrial group specialized in supplying components and subassemblies for the automotive market. It is listed on the Madrid and Bilbao stock markets, and it has presence in 4 continents and 17 countries. In addition to auto components, CIE also has a business unit focused on technological Solutions and Services (in Spain, Mexico, Brazil, Argentina and Chile; Dominion) ( CIE’s automotive operations cover 6 basic technologies – Aluminum, Forging, Stamping and Tube Welding, Machining, Plastic and Casting and span globally, with manufacturing plants in the Americas (Mexico, the United States and Brazil), Central and Eastern Europe (Czech Republic, Romania, Lithuania and Russia), Asia (India and China) and Western Europe (France, Portugal, Germany, United Kingdom and Spain). CIE supplies auto-components to majority of the global original equipment manufacturers (OEMs) viz. Renault, Volkswagen, Audi, BMW, Toyota, Nissan, Honda, Jaguar and more recently Tesla directly or through other tier-I component suppliers. Currently, the company has around 90 operational facilities globally.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - CIE Automotive Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

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