Supply Chain News

Tire manufacturer Hankook considers Mexico for a new plant
Currently ranked seventh in the world, Korea-based Hankook Tire Co. Ltd. announced at a press event its ambitions to be one of the top five global tire manufacturers. To achieve this goal, the tire manufacturer expects production capacity to reach 135 million units by 2020, up from 103 million unit...
Strattec profits fall due to business challenges and investments
Cost pressures from automakers and higher expenses linked to new products and a new factory reduced Strattec Security Corp. net income in the quarter that ended Oct. 2, the company announced in a press release. Profit in the fiscal first quarter fell to US$ 1.5 million, or 42 cents per share, from...
Bosch opens engineering center, announces US$ 78 million investment
To strengthen its presence in Mexico, the Bosch Group just set two milestones in the country: at its existing site in San Luis Potosi, the global supplier of technology and services has opened a new US$ 10 million powertrain engineering center. At the same time, its local automotive technology manu...
Mexichem acquires Canadian plastic pipe manufacturer
Mexichem announced that it acquired Canada-based plastic pipe manufacturer Gravenhurst Plastics Ltd. (GPL), furthering the company’s global growth model with bolt on acquisitions in value-added specialty products. GPL is based in Gravenhurst, Ontario (outside Toronto) with a secondary location i...
Japanese firm buys Mactac Americas for US$ 375 million; San Luis Potosi plant included
Platinum Equity announced it has signed a definitive agreement to sell printing and packaging solutions supplier Mactac Americas, LLC, to LINTEC Corporation in a transaction valued at approximately US$ 375 million. The sale is expected to be completed during the fourth quarter of 2016, according to...