KfW IPEX-Bank provides investment loan to GETRAG FORD Transmissions
Frankfurt am Main (ots)
- Efficient 6 speed transmissions to improve vehicle CO2 and
dynamic performance
- Supply by medium-sized enterprises
- Manufacturing reorganisation to improve capabilities of the
production at the sites in Cologne and HalewoodWith a capital investment loan of 50 million Euro KfW IPEX-Bank supports the transmission manufacturer GETRAG FORD Transmissions in an upgrade of its production facilities for its key customers in Europe. The production capability at the Cologne transmission plant will be improved significantly to reflect modern manufacturing techniques through 2013, machines and tools will be delivered by middle size German machine and tool builders. At the same time the production facilities at the Halewood plant (GB) will also be significantly enhanced reflecting the continued shift in product mix to more fuel efficient product offerings.
Besides a significant boost for the products that are in great demand the business also achieves positive environmental impacts as GETRAG FORD Transmissions replaces the traditional 5 speed transmissions by modern and efficient 6 speed transmissions as part of this capacity expansion. This leads to a noticeable fuel economy and CO2 reduction. KfW IPEX-Bank will provide the loan for seven years.
Pictures of the project are available on the homepage of KfW IPEX-Bank in the press section under "press material".
About KfW IPEX-Bank GmbH
Within KfW Bankengruppe KfW IPEX-Bank is in charge of international project and export finance. It is responsible for providing financing to support the German and European economy, a task derived from the legal mandate assigned to KfW Bankengruppe. Its prime focus is on medium- and long-term lending to boost the export economy, develop economic and social infrastructure and support environmental and climate protection projects. KfW IPEX-Bank operates as a legally independent group subsidiary and plays a major role in fulfilling the promotional mission of KfW Bankengruppe. It has approx. 521 employees (as of 31 December 2009) and is represented in the key economic and financial centres throughout the globe.
Contact:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: 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 of: KfW IPEX-Bank, transmitted by news aktuell