Supply Chain News

Thailand-based Indorama Ventures acquires DuraFiber plant in Queretaro
Indorama Ventures Public Company Limited (IVL), a Thailand-based global chemical producer, announced that it has entered into an agreement to acquire DuraFiber Technologies México Operations, S. A. DE C. V. (DFT), in a move to expand its reach in the automotive sector on the back of rising demand f...
Nexteer’s net profit up 20% boosted by launch of new products, operating efficiency
Nexteer Automotive, a manufacturer of steering and driveline, reported a net profit of US$ 179.7 million for the six-month period ended June 30, 2017, an increase of 20.7% over the same period in 2016, as a result of successful launch of new programs, improved product line mix, improved operating ef...
Cummins opens Research & Development center in San Luis Potosi
Almost a year after laying the foundation stone, the Cummins Mexico Research and Development Center officially opened, a project that seeks to create new alternatives in the remanufacturing of engines, official said at the ribbon-cutting ceremony. Right next to its manufacturing plant in San Luis P...
Lear inaugurates harnesses production facility in Coahuila
Lear Corporation officially opened its 46th manufacturing plant in Mexico a month after the facility started its first phase of operations in Matamoros, Coahuila, to manufacture wire harnesses.  Just half of the 300,000 square-feet facility is occupied, but the company expects to operate the plant...
Strattec fiscal year results affected by startup costs of new Mexican facility
Wisconsin-based locking system manufacturer Strattec Security Corp. reported US$ 108.4 million in net sales during fiscal fourth quarter and year ending July 2, 2017. The result was flat, if compared to the US$ 108.3 million from fourth fiscal year of 2016. Net income was US$ 1.8 million in fourth ...