Three new automotive manufacturing projects are emerging in Queretaro
Authorities from the state of Queretaro carried out a work tour through Canada in which they managed to pact investments worth of US$ 43 million in four manufacturing projects, three of which are focused on the automotive sector.
One of the projects involves the Tier 1 supplier Martinrea, which will expand its plant located in the Queretaro Industrial Park, in the suburb of Santa Rosa Jauregui.
Although the investment figure was not disclosed, state officials said that this expansion implies the opening of 200 job positions.
The Queretaro plant, belonging to the Honsel division, produces aluminum die castings, in particular components for steering and suspension systems, as well as transmission casings and engine blocks.
Agreements were also reached with the company Mitchell Plastics, which manufactures automotive interior mechanisms and decorative components.
Although in this case investment amounts were not disclosed neither, it was said that the company plans to double its workforce that currently consists of 600 workers.
The plant started operations in 2014 in Queretaro and last year the company added a second production site in Saltillo, Coahuila.
Mitchell Plastics has in its client portfolio automakers such as Ford, General Motors, Toyota, Fiat Chrysler Automobiles and Audi.
The last completed automotive project and the one involving the largest investment is that of Exco Technologies Limited, which announced a US$-25 million expansion that will represent the generation of 100 highly specialized jobs.
The company designs, develops and manufactures dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries.
Finally, state authorities confirmed that the aerospace company Delastek will invest US$10 million and will open 100 jobs to expand manufacturing operations.