HBPO to open two new plants in Mexico by the end of year, despite uncertainty of NAFTA
HBPO, a supplier of front-end modules, revealed to Wards Auto that its plans to open two new assembly plants in Saltillo and Aguascalientes remain unchanged despite the uncertainty regarding the renegotiation of NAFTA.
The joint venture between Hella, Behr and Plastic Omnium, already operates plants in Puebla, Toluca and San José Chiapas. The Puebla plant also increased production of plastic components 50% earlier this year with the addition of a third injection-molding press.
HBPO serves assembly operations by taking responsibility for the procurement and assembly of the vehicle’s front end. With the two new plants in Mexico fully operational, the company hopes its annual revenues to top US$ 1 billion by 2022, said a top executive cited in the article.
The company has grown quickly since its formation in 2004 and its global revenues now exceed US$ 2.33 billion, double the 2011 total.
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