Japanese firm Teijin acquires Michigan-based Continental Structural Plastics for US$ 825 million
Japanese firm Teijin Ltd. announced that it has agreed to acquire Michigan-based Continental Structural Plastics, a leading automotive composite supplier in North America, for US$ 825 million. CSP will become a wholly owned subsidiary of Teijin. "Through this acquisition, Teijin intends to estab...
Nissan grants top quality award to German auto supplier Schaeffler
Nissan North America, Inc. recently honored Schaeffler – the global manufacturer of high-precision automotive products and systems for engines, transmissions and chassis applications – with the top quality award for engine systems. Schaeffler, which has supplied Nissan for three years, manufac...
India-based firm buys Wescon Controls facilities in Juarez, Wichita
India-based Auto component manufacturer Suprajit Engineering Limited has taken over Wescon Controls, the US-based control cables maker, by purchasing 100% outstanding equity share capital from Shell Topco LP managed by a private equity fund - Nova Capital, UK. The enterprise value of Wescon was esti...
AHMSA plans US$ 1 billion investment to supply steel for auto industry
Altos Hornos de Mexico, or AHMSA, the largest steel producer in Mexico, said it plans to invest about a billion dollars in the north region of the country over the next two years.  The investment will go to processing plants to increase tinplate production so the company will have a more aggressiv...
France-based Plastivaloire to open a manufacturing plant in San Luis Potosi
The France-based injection moulder Plastivaloire will start up production at its latest manufacturing plant in San Luis Potosi in central Mexico before the end of this year. Interior automotive parts supplier which already operates 26 production units across Europe and in Tunisia and Turkey, is l...

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