German-Mexican aerospace joint venture builds US$ 200 million plant in Sonora
Germany-based Aerotech Peissenberg Corporation announced plans to build, in a joint venture with Mexican company Grupo Punto Alto, a US$ 200 million plant to manufacture turbine components in Hermosillo, Sonora, El Financiero newspaper revealed citing as sources state government officials.
According to Jorge Vidal, secretary of Economy in the state, the project will open 400 positions for aerospace engineers in its first phase.
The plant is already under construction over a three-hectare surface at the Hermosillo Norte industrial park, where it will manufacture parts for General Electric and Rolls Royce engines under the name of AT Engine Mexico.
Grupo Punto Alto is a Chihuahua-based company founded in 1959 with investments in several sectors such as construction, real estate, aerospace, metal-mechanics and services.