Korean rubber products manufacturer Hwaseung expands production capacity in Coahuila

Hwaseung R&A Co. Ltd., a South Korean manufacturer of rubber products, recently revealed it has doubled its revenue from the automotive industry since 2013, by gaining new supply agreements with major automakers in North America.

In an interview to RubberNews, company officials revealed Hwaseung started operations in Mexico with a 66,000-square-feet facility in Ramos Arizpe, Coahuila, to supply weather strips and fluid handling products such as hoses for high pressure, air controlling and brake applications for Korean automaker KIA.

Since then, Hwaseung has gained additional contracts to supply products for Detroit automakers. For that end, the plant has expanded to 137,500 square feet and a second facility has been added for a total US$26 million investment and 928 job positions in both sites. The second plant started operations by the end of last year.

You can see the whole article here (subscription required).

MexicoNow

Related News

 South Korea-based Taesung Rubber builds US$ 8 million plant in Coahuila

 Amidst uncertainty of NAFTA, foreign investment keeps flowing into Mexico’s auto industry

Japan-based YUKEN to open surface treatment plant in Guanajuato