GIS consolidates auto parts segment in Draxton

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Saltillo Industrial Group (GIS) announced the consolidation of its three businesses dedicated to the auto parts segment, Cifunsa, Ace and Infun, under the global brand Draxton, which is part of the globalization strategy of the Company. This is the most important business for the Coahuila group, as it represents 70% of the company's total revenues. According to information disclosed by Grupo Industrial Saltillo, the capacity of the auto parts sector is over 550,000 tons of iron smelting, over 10,000 tons of aluminum smelting and over 15 million of machined pieces to supply global platforms.