Supply Chain News

TE Connectivity acquires a Hirschmann's division; deal includes a Queretaro plant
New York-based VOXX International Corporation announced that it has entered into a definitive agreement to sell its subsidiary Hirschmann Car Communication GmbH and its worldwide locations to TE Connectivity Ltd. According to Hirschmann Car Communication website, the company owns a production plan...
Chemours breaks ground to build a US$ 150 million production facility in Durango
The Chemours Company, a global chemistry company specialized in titanium technologies, fluoroproducts and chemical solutions, broke ground last Saturday to build of a new Chemours Mining Solutions manufacturing facility in the state of Durango, Mexico. This project represents an estimated US$ 150 mi...
Takata files for bankruptcy; no jobs cuts or plants closings are expected
Japanese air bag manufacturer Takata Corp. filed for bankruptcy protection today in Tokyo and the United States as it faces ballooning liabilities in connection with an extensive recall of defective inflators linked to the deaths of at least 16 people. With the company rapidly losing value while st...
New Jersey-based Weiss-Aug opens US$ 15 million plant in Apodaca
New Jersey-based manufacturer Weiss-Aug Co. Inc. opened its first production facility outside the United States in Apodaca, Nuevo Leon, where the company plans to invest US$ 15 million in a three-year period. From a 30,000-square-foot plant the company will provide plastic components for medical eq...
Unstoppable expansion of Mexican companies
President Trump's protectionist policies do no longer represent an obstacle for Mexican companies to decide upon mergers and acquisitions. According to Ernst & Young (EY), Mexican entrepreneurs have recovered their trust to invest in Mexico and complete acquisitions. There have been transactions...