SPM Auto Parts opens plant in Nuevo Leon; US$18 million invested
SPM Auto Parts inaugurated its first production center in Nuevo Leon, with a US$18 million investment. This is a Japanese and Korean co-investment by the Asian firms Sunildyfas, Mizuni Tekkosho and Punkang. At the Municipality of Escobedo, SPM will produce cool forged auto parts, fastener bolts and screws for companies such as Kia Mexico, Nissan Mexico, Honda, General Motors and Toyota, among others. The plant has an extension over seven thousand square meters and this is where the product supply for the Latin America and U.S. markets will come from. SPM is a high technology company with over 40 years of experience operating in the global automotive sector.