South Korean manufacturer Sangsin Brake officially opened last Friday at the municipality of Arteaga, Coahuila its first manufacturing plant in Mexico, local media reported.
The ceremony was attended by Hyoil Kim, Sangsin global CEO, who headed along with local authorities a tour around the 40,323 sq.-mt. facility which started operations since the second half of 2018.
The company invested US$35 million in the plant which has opened so far 150 job positions, but there’s plans to double such figures with the opening of a second plant by 2021.
The facility currently manufactures brake pads at a rate of 800,000 pieces a year aiming to increase the pace to 1 million by the end of 2019. The output capacity is expected to reach 1.5 million units per year in 2020.
Sangsin Brake manufactures brake pads, brake shoe assemblies, brake assemblies, brake linings, rail brakes, retarders, tuning parts, yaw brakes, brake systems, brake discs and drums.
The company supplies brake systems for automakers such Kia, but it also serves the aftermarket sector under the HI-Q, Hagen, and Hardron brands.