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

Frankfurt am 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 von: KfW IPEX-Bank, übermittelt durch news aktuell