Spark Minda KTSN opens US$ 20 million facility in Queretaro
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Automotive component supplier Spark Minda KTSN opened its new manufacturing plant located at Queretaro Industrial Park. The company invested US$ 20 million in its new facility to manufacture Interior automotive components such as Glove Box and Panel Parts for Volkswagen Group.
The new plant has a total area of 8500 square meters and started operations with 130 employees. The plant has an additional 5000 square meters space in the similar premises for further growth. Once fully operational, the facility’s workforce is expected to reach 350 workers.
Ashok Minda, Chairman & Group CEO, Spark Minda, said, “Our presence in Europe goes back to 2007 when Minda KTSN Plastic Solutions was acquired to oversee the European operations. The support we have received from all the stakeholders in Europe has encouraged us to start manufacturing facility in North American Region. The new manufacturing facility at Queretaro, Mexico, marks a significant milestone in the history of Spark Minda, Ashok Minda Group. This investment shows the clear commitment of our Group to the expansion of our activities here in the region.”
N.K Taneja, Group Chief Marketing Officer, Spark Minda, commented “The new facility has been set up with intent to serve our customers through our advanced technologies and services. This will also further strengthen our strategic presence as we reach out to OEMs to supply quality automotive components and also offer state of art & future technological solutions to our esteemed customers in whole continent. We endeavour to give our Customers the best of our services in the future as we always have been doing.”
Minda KTSN Plastic Solutions, Germany is a subsidiary of Minda Corporation Limited Interior products for such as Glove box, I Panel Parts, Storage boxes, Cup holders, Steering column covers, Oil panel, Cylinder heads and Structure parts for VW Group, BMW, Daimler, as main customers. Minda KTSN in Europe has state of the art of Injection molding, automated assemblies, and internal tool manufacturing facilities.