Smurfit Kappa to invest up to US$200 million in Mexico over the next 3 years
Smurfit Kappa, the Ireland-based global packaging supplier, plans to invest up to US$200 million in Mexico over the next three years. As part of the plan, the company allocated US$15 million to add production capacity at its fourth plants in Nuevo Leon. The figure is additional to last year’s US$...
Canadian holding ATCO acquires modular building manufacturing plant in Guadalajara
Canada-based holding ATCO in recent days announced that it is further diversifying its growing portfolio in Mexico by acquiring a leading modular building manufacturer, which will now operate under the name ATCO Espaciomovil. The financial terms of the deal were not disclosed. The 182,000 sq. ft. m...
French manufacturer Streit Groupe builds US$20-million machining plant in Guanajuato
Streit Groupe, a French developer and manufacturer of machined auto parts currently builds a manufacturing plant in the municipality of Comonfort, Guanajuato, local media reported. Last year, the company acquired a 33,260 sq.-mt. land at the Marabis industrial park where a 7,500 square-meter facili...
California-based US Motor Works opens production facility in Nuevo Leon
US Motor Works LLC, a California-based manufacturer of components for stock and high-performance cooling and fuel systems, announced it has officially opened its newest production facility in Santa Catarina, Nuevo Leon. The new location, a recently constructed 55,000-square-foot facility, will prim...
Canadian manufacturer Magna sees earnings decline in fourth quarter due to tariffs
Canada-based automotive supplier Magna International Inc said its profits declined in the fourth quarter despite record sales due in part to tariffs and investments in electric and autonomous vehicles. “Despite some headwinds, we are positioned for another good year,” CEO Donald Walker told ana...

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