Uncategorize
Thailand-based Indorama Ventures acquires DuraFiber plant in Queretaro
Indorama Ventures Public Company Limited (IVL), a Thailand-based global chemical producer, announced that it has entered into an agreement to…
Nexteer’s net profit up 20% boosted by launch of new products, operating efficiency
Nexteer Automotive, a manufacturer of steering and driveline, reported a net profit of US$ 179.7 million for the six-month period…
Mexichem acquires 80% of Israeli irrigation giant Netafim Ltd. for US$ 1.9 billion
Mexichem SAB de CV has agreed to acquire 80% of Israel-based irrigation giant Netafim Ltd. in an all-cash deal worth…
Cummins opens Research & Development center in San Luis Potosi
Almost a year after laying the foundation stone, the Cummins Mexico Research and Development Center officially opened, a project that…
Lear inaugurates harnesses production facility in Coahuila
Lear Corporation officially opened its 46th production site in Mexico a month after the facility started its first phase of…
Strattec fiscal year results affected by startup costs of new Mexican facility
Wisconsin-based locking system manufacturer Strattec Security Corp. reported US$ 108.4 million in net sales during fiscal fourth quarter and year…
Despite decline in auto production, Magna posts record sales, profits
Canadian auto parts manufacturer Magna International Inc posted a US$ 561 million net income for the second quarter ended June…
Three Chinese companies to invest US$ 280 million in San Luis Potosi, official says
Three Chinese companies from the automotive sector are due to settle in the city of San Luis Potosi with an…
Honda’s transmission plant in Celaya reaches 500,000 units milestone
Last week, the Honda transmission plant located in Celaya, Guanajuato, produced the continuously variable transmission (CVT) number 500,000, a milestone…
Study by ECLAC highlights potential in Mexican automotive industry
A study in Foreign Direct Investment (FDI) from the Economic Commission for Latin America and the Caribbean (ECLAC) highlights that…
Sales of heavy trucks, buses up 8% in Mexican market during July
Last July, the retail sale of buses and heavy trucks closed at 3,300 vehicles in the Mexican market, which represented…
Daimler Trucks grants Meritor WABCO Masters of Quality Supplier Award
The joint venture Meritor WABCO received the prestigious Masters of Quality Supplier Award from Daimler Trucks North America (DTNA) for…
Nucor acquires St. Louis Cold Drawn; deal includes a production site in Nuevo Leon
Nucor Corporation announced that it has agreed to acquire St. Louis Cold Drawn, Inc., a manufacturer of cold drawn rounds,…
Martinrea expanding operations
With a US$35 million investment, the Martinrea Plant is expanding its production by activating its Tandem Press in Guanajuato Puerto…
Nuevo Leon attracts foreign investment worth US$ 6.7 billion
According to records from the Ministry of Economy and Labor in Nuevo Leon (SEDET), Foreign Investment valued at US$6.7 billion…
