Supply Chain News

Continental opens new plant in San Luis Potosi, its second in less than a year
ContiTech, a division of German manufacturer Continental, has opened a new production facility in San Luis Potosi, Mexico to produce air induction systems for turbochargers. The opening comes seven months after the company inaugurated another plant, also in San Luis Potosi, to manufacture hydraulic ...
Goodyear tire plant in San Luis Potosi is officially operational
A discreet ceremony took place earlier this week at the World Trade Center II industrial park in San Luis Potosi to mark the official opening of the new Goodyear tire plant, the company’s first new factory in the Americas in 25 years.  The 1 million-plus-square-feet facility represents a US$ 550...
Cummins net income up 56% amid increased demand of trucks, construction equipment
Cummins Inc. reported earnings of US$ 2.71 per share in the third quarter of 2017, was up from US$ 2.02, earned in the year-ago quarter. Net income rose 56.7% to US$ 453 million from US$ 289 million in the third quarter of 2016. The Ohio-based global power company, best known for making diesel engi...
Eaton Corp. earnings up 9% boosted in part by a strong heavy truck market
Power management company Eaton Corporation improved third-quarter revenue and earnings, boosted in part by the strength of the Class 8 Truck market, for which the firm designs and manufactures transmissions, clutches, and fluid and air conveyance solutions.  Net income for the period ended Septemb...
Valeo completes acquisition of FTE Automotive, deal includes a plant in Puebla
French auto supplier Valeo announced it has completed the acquisition of FTE Automotive, a Germany-based developer and manufacturer of drivetrain and brake system applications, for EUR 819.3 million, US$ 953.7 million at current exchange rate, US$ 914 million by the time it signed the buy agreement....