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In August 2018, OeEB signed a US-Dollar 15 million loan to RIMA Industrial S.A., arranged by German Development Finance Institution DEG. The funds will be used for modernizing and expanding RIMA’s production facilities. Besides DEG and OeEB, French Development Finance Institution Proparco also participated in the financing.
| Project name |
RIMA Industrial S.A. |
| Region |
South America |
| Sector |
Industry |
| Service |
Investment Finance |
| Project country |
Brazil |
| OeEB project volume |
USD 15 million |
|
Total investment volume |
USD 60 million |
| International climate finance according to UNFCCC | Partially |
| Additionality | Financial Additionality |
| Project partner(s) |
DEG, Proparco |
RIMA Industrial S.A. (RIMA) is an experienced and well established Brazilian producer of primary metals, (metal-)alloys and automotive parts. Around 3,300 employees at four production sites in the federal state Gerais and at the company headquarters in Bocaiuva make RIMA one of the region’s largest employers. Among the company's main customers are businesses in the automotive industry, steel industry, chemical industry and photovoltaic industry.
The credit line provided by OeEB, DEG and Proparco is dedicated to financing modernization and expansion investments, including the purchase of a new melting furnace and two new dedusting units. This will not only help increase RIMA's capacity and product quality but also help improve water and energy efficiency at its production sites.