Supply Chain News

Spain-based Ingeteam to build steel production line for Galvasid in Apodaca, NL
Electrical engineering and solutions supplier Ingeteam announced it was awarded a contract from Mexican steelmaker Galvasid to set up a new galvanized steel production line in Apodaca, Nuevo Leon. The Spain-based company will be in charge of all basic and detailed engineering as well as the setup o...
Sumitomo Electric Bordnetze opens US$ 17 million plant in Puebla
German auto supplier Sumitomo Electric Bordnetze (SEBN), a subsidiary of Japan-based Sumitomo Electric Industries, opened earlier this week a production facility in Puebla to manufacture harnesses.  The plant, located in the municipality of Atlixco, was built in just six months and required a US$ ...
Faurecia’s earnings hike 28% in the first half of 2017
France-based global auto supplier Faurecia performed during the first half of 2017 a solid growth in value-added sales of 8.5% to €8.6 billion, around US$ 10.10 billion according to current exchange rates.  The company saw a two-digit increase of 20% in operating income, to €587 million or som...
Martinrea invests US$ 35 million to expand capacity at Silao plant
Canadian manufacturer Martinrea inaugurated the expansion of its facility in Silao, Guanajuato, where the company invested US$ 35 million to install a new Tandem press to supply stamping products to several automakers. The production site now has five presses line of 5,900 tons highly automated to ...
Lear sales grow faster than worldwide auto production in second quarter 2017
Lear Corporation, the global supplier of automotive seating and electrical systems, reported record sales in the second quarter 2017 of US$ 5.1 billion, up 8% from a year ago, up 10% excluding the impact of foreign exchange. The result outpaced worldwide automotive production growth of 3.0% accordin...