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Company name

Haas Machine Tools, S.A. de C.V., Nexttec Machinery, S.A. de C.V., A&G Plastic Machinery, S.A. de C.V., Hifin Solution, S.A. de C.V. y Hitec Cnc Maquinaria México, S.A. de C.V. (“Hitec” o el “grupo”).

Project number

14917-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Mexico

Sector

Manufacturing

Status

Proposed

Disclosed date

06/21/2024

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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08/26/2024

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

USD $ 15,000,000

Financing amount

USD $ 15,000,000

Currency

USD

Project scope and objective

El Proyecto consiste en dos préstamos para financiar el programa de expansión del Grupo HiTec en México. El primer préstamo (Hitec II) será otorgado a Haas Machine Tools, S.A. de C.V. (“HiTec” o la “Empresa”) para, en parte, refinanciar el saldo insoluto del préstamo existente otorgado por BID Invest a los Co-Prestatarios y el remanente para financiar el crecimiento de la cartera de créditos de HiFin Solutions, S.A. de C.V. para la adquisición o arrendamiento de equipos y maquinaria de control numérico computarizado de alta precisión por parte de los clientes de HiTEC en México (principalmente micro, pequeñas y medianas empresas - “MiPyMES”). El segundo préstamo (“Hitec NI”) será otorgado a Inmobiliaria Quasar, S.A. de C.V., afiliada de Grupo HiTec para financiar la construcción de una nave industrial en el estado de Querétaro para las operaciones del Grupo HiTec.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

HITEC II - PLAN DE ACCIÓN AMBIENTAL Y SOCIAL (PAAS O ESAP)

92.2 Kb

HITEC II - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS O ESRS)

194.6 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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