Project detail - INNOFA MEXICO SA DE CV

INNOFA MEXICO SA DE CV

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Who is our client

The Innofa group established in 1922 in Tilburg, is an international family-owned manufacturer of knitted textile fabric. Innofa is one of the leading innovators in the industry serving leading brands like Tempur, Sealy, Daimler, Volvo, Ikea and Auping. In 2010 FMO financed the successful start-up of Innofa Mexico SA de CV and lnnofatex SA de CV with a senior loan of USD 1.6 million.

Funding objective

Innofa is planning to extend its activities in Mexico in order to benefit from growth and internationalization of its key customers. Innofa approached FMO to finance USD 3.5 million, to be used for the construction of a new production facility and the investment in machinery.

Why we fund this project

This transaction has an excellent fit with the FMO strategy as this is a Dutch interest transaction to a reputable company with international footprint, positive track record and good growth prospects. There is no commercial funding available for the required investments.

Website client
http://www.innofa.com
Region
Latin America & The Caribbean
Country
Mexico
Sector
Infrastructure, Manufacturing and Services
Signing date
6/28/2016
Total FMO financing
USD 3.50 MLN
Fund
Fund Emerging Markets
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B