GTSF-Nemak

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This project is proposed under the Global Trade Supplier Finance program (“GTSF” or the “Program”) approved by the IFC Board in September 2010. (Original Project Link #28723)._x000B_Tenedora Nemak S.A. de C.V. (“Nemak” or the “Company”), is the world’s leading producer of high-technology aluminum components for the automotive industry. The company’s product lines include cylinder heads, engine blocks, and transmission parts. Nemak has 27 plants around the globe in Asia (China), Europe (Germany / Hungary / Austria / Slovakia / Czech Republic / Poland), and North (Mexico / USA / Canada) and South America (Brazil / Argentina), producing approximately 43 million units annually. Its clients include some of the largest car manufacturers in the world. Nemak has over 18,000 employees and is a subsidiary of Alfa S.A.B de C.V._x000B_The Project will establish a Supplier Finance (“SF”) program and make financing available to selected suppliers of Nemak , through the discounting of receivables of the suppliers payable by Nemak. The SF program will have an IFC-funded, uncommitted credit line of US$50mn. The program will be implemented through PrimeRevenue, a Supply Chain Finance platform, and its local re-seller, E-Factor Network (“EFN”), and it is expected to reach 100 Suppliers the large majority of which will be SMEs.