Chinese-owned Michigan-based auto supplier Key Safety Systems today officially opened its sixth Mexican plant at the municipality of Matamoros, Tamaulipas, to manufacture steering wheels for several automakers.
According to a statement by local authorities, the 120,000 square-feet facility currently employs 600 workers, a figure that will increase to 1,400 strong by the first quarter of 2018.
The plant will manufacture steering wheels for original equipment manufacturers (OEMs) such as BMW, General Motors, Ford, Jeep and Tesla. The amount of investment required at this operation remains undisclosed.
KSS operates a four-facilities campus at the municipality of Valle Hermoso, Tamaulipas, and a production plant in Juarez, Chihuahua, which also features engineering capabilities.
The company acquired global recognition this year after it reached a deal to acquire Takata's main assets for US$ 1.6 billion. The operation will help the Japanese airbag manufacturer to pay for the largest recall in U.S. history, covering more than 42 million vehicles.