Hiroca Holdings Ltd., a Taiwanese auto parts manufacturer based in China, last week said its new plant in Mexico is scheduled to begin production in the fourth quarter of this year.

The company plans to invest US$ 4 million in a joint venture with Israel-based Arkal Automotive CS Ltd. to build a facility in Guanajuato, which would produce plastic automotive components for major car brands, including Volkswagen AG and Daimler AG, Hiroca said in a statement on Friday last week.

The capacity expansion project is in line with Hiroca’s business strategy to attract more global brand clients, especially electric vehicle developers, by providing lightweight car parts.

MexicoNow

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