CKD starts operations in Queretaro

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The Japanese Company Creative Knowledge for Development (CKD) will start operations at the Queretaro Industrial Park, establishing its first plant of components for the automotive sector in Mexico and Latin America with a US$2.7 million investment. Kazunori Kajimoto, President of CKD Corporation, highlighted that with the production of this plant they will meet the demand of their customers in Mexico, such as Nissan and Toyota, as well as tier 1 suppliers of the Japanese automotive industry mainly. He stated that, first of all, the plan is to serve Japanese firms established in Mexico with the objective of gaining market, later on they will approach to OEMs and machinery and equipment manufacturing companies. Kajimoto said the goal is to generate sales per US$10 million yearly over the next five years and to produce for the local market and the U.S. and Central and South America's markets.