Fagor Arrasate, a Spain-based manufacturer of metal-forming machine tools, invested US$ 5.3 million in Queretaro to setup a facility to supply stamping systems and presses to manufacturers all over Latin America.

“The start-up of this plant represents the logical consequence to the progressive growth of orders in Mexico, and will allow Fagor Arrasate to consolidate its important presence in the Mexican market and NAFTA,” said the company in a statement. 

According to its executives, Mexico currently is Fagor third biggest market just behind China and Germany. Some of its customers in the country are Volkswagen, Cie Automotive, Gestamp, Metalsa, Mabe, Whirlpool, Electrolux, Grupo ABX, Ternium and Thyssenkrupp Materials of Mexico, among others.

MexicoNow

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