Spain-based CIE Automotive secures US$56.2-million financing for expansion plans in Mexico
Compañía Española de Financiación del Desarrollo (Cofides), a development bank comprised of public and private funds that supports the internationalization of Spanish companies, announced it has granted a 50-million euros credit line (around US$56.2 million at current exchange rate) to automotiv...
Michigan-based firm RJG Inc. to open injection molding training facility in Queretaro
Michigan-based injection molding training and consulting firm RJG Inc. announced is opening its first training facility in Mexico in April in partnership with auto parts molder Yanfeng Global Automotive Interiors (YFAI). The joint training facility is located at Yanfeng’s manufacturing plant in Qu...
Japan-based Nitta Corp. expands output capacity at San Luis Potosi plant
Nitta Corporation, a Japanese multi-sector manufacturer that operates in San Luis Potosi since 2007, recently inaugurated the second phase of its expansion plan at the production facility located in the municipality of Villa de Reyes. According to company officials, new assembly and extrusion lines...
Indorama acquires German airbag fabric manufacturer UTT; deal includes a plant in Puebla
Indorama Ventures (IVL), a Thailand-based global chemical producer, announced it has completed the acquisition of UTT Beteiligungsgesellschaft mbH (UTT), one of the leading suppliers of airbag fabrics, with manufacturing sites in Germany and Mexico and a combined capacity to produce around 70 millio...
Mexico auto production declines 5% in February, INEGI data says
Global automakers with assembly plants operating in Mexico built 311,833 cars and light trucks in February, which resulted in a 5% decrease compared to the 328,352 units from the same month of 2018, according to official data from the National Institute of Statistics and Geography (INEGI). Total pr...

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