EDC provides $100M financing to Metalsa
Deal to help open doors for Canadian suppliers in Mexico.
OTTAWA — Export Development Canada (EDC) has entered into a US$100 million financing deal with Metalsa, S.A de C.V., a Mexico-based OEM producer of automotive structures such as chassis, suspension, cradles and stamping.
The Crown export agency said the financing will be used for general corporate purposes, upsizing and extending an existing credit facility that Metalsa has with EDC, but it’s also
expected to open the company’s supply chain to Canadian businesses.
For example, EDC said Metalsa is currently interested in Canadian companies that could supply tooling, stamping, fixtures and prototyping services for their new projects in Mexico and the US.