Canadian manufacturer Martinrea posts record earnings despite challenging year
Canadian automotive metal parts supplier Martinrea International Inc. managed to post record earnings for both the fourth quarter and full year 2018 on strong sales despite a flat environment in terms of production, uncertainty for trade renegotiations and tariffs. Fourth quarter net income totaled...
Henniges Automotive to build US$60-million plant in Durango
Henniges Automotive, a Michigan-based manufacturer of sealing and anti-vibration solutions for the auto industry, plans to build a new manufacturing plant in the municipality of Gomez Palacio, Durango, local media reported. The announcement comes after state officials conducted a work tour to fina...
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...

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