EPIQ/ELEX II

completed

EPIQ EA (EPIQ or the company), an existing IFC client, is a contract electronics manufacturer (CEM) based in Botevgrad, Bulgaria, with a core focus as a Tier 2 supplier to the automotive industry. The company principally designs, produces, and sells electronic and electro-mechanical systems and sub-systems to demanding tolerances, which are integrated by major Tier 1 suppliers to the automotive industry, into core control and safety systems of the leading European car models. The project comprises a doubling of aggregate output of both the company and its Mexican sister company EPIQ Mexico (located in Guadalajara, Jalisco State) over the period 2005–06. The proposed IFC loan would partially finance expenditure for additional production capacity and the working capital requirements of this expansion.