Report: Spain-based Fagor Ederlan to build US$70-million plant in San Luis Potosí
Spain-based manufacturer Fagor Ederlan plans to build a new plant in San Luis Potosi, central Mexico, for which the company obtained a 15-million-euro credit facility (around US$17 million at current exchange rate), Spanish media reported. The loan has already been approved by Cofides (Compañía E...
Bosch to complete US$85 million expansion in San Luis Potosí by the end of year
German auto parts manufacturer Bosch plans to conclude at the end of this year the US$ 85 million expansion carried out since 2016 at its San Luis Potosí plant, company officials revealed to local media in recent days. According to the plant's technical vice-president, Ruediger Zeitler, this expan...
UK-based manufacturer GKN builds US$ 20-million plant in Guanajuato
UK-based manufacturer GKN, through its Powder Metallurgy subsidiary, held a ground-breaking ceremony earlier this week in the municipality of Apaseo el Grande, Guanajuato to build a new production site for its GKN Sinter Metals division.  The company plans to invest more than US$20 million in the ...
Nouryon, formerly AkzoNobel, completes US$ 14 million expansion to double output capacity
Nouryon (formerly AkzoNobel) announced it has more than doubled capacity for emulsion-based organic peroxides at its site in Los Reyes, state of Mexico to meet increased customer demand in the North American polyvinyl chloride (PVC) market. The company introduced emulsion-based peroxides to North A...
Nemak’s net income up 5.6%; secures new contracts for electric vehicles worth US$280 million
Monterrey-based automotive parts manufacturer Nemak posted fourth quarter net income of US$38 million, up 5.6% compared to same period of 2017, despite a drop on total revenue. Full-year net income totaled US$180 million, down 6.3%. Nemak sold 11.5 million equivalent units (MEU) in the last quarter...

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