Korean auto parts manufacturer Hanwha opens US$ 20 million plant in Monterrey
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After a US$ 20 million investment, South Korea-based Hanwha Advanced Materials opened a new plant at Monterrey Technology Park, located in the northern state of Nuevo Leon, where 200 workers will manufacture auto parts and lightweight materials.
Hanwha has already a contract to supply bumper beams and underbody shields for Kia’s assembly plant located a few miles away, but it’s eager to find new customers, company officials said at the opening ceremony.
The materials maker has been supplying its lightweight car parts to major global automakers in other markets, including General Motors, Ford, Audi, BMW and Volkswagen, as well as Hyundai Motor and Kia Motors.