Canadian manufacturer Magna, with 32 plants in Mexico, posts record quarterly profit
Canadian automotive supplier Magna International Inc. reported better-than-expected first quarter results on a record profit of US$ 660 million or US$ 1.83 per share for the quarter, up 14.4% from US$ 577 million, or US$ 1.51 per share a year ago. Revenue totaled US$ 10.8 billion, up 21.3% compared ...
Automotive supplier UGN, Inc. moves to an expanded facility in Guanajuato
Illinois-based automotive components manufacturer UGN, Inc. announced it has officially moved to its brand new 300,000 square foot facility in Silao, Guanajuato, building upon the company’s success and growth in the region. Over the last several years, UGN, Inc. customers have added considerable ...
German manufacturer Mubea invests US$ 112 million to build its second plant in Guanajuato
German manufacturer of automotive components Mubea plans to invest US$ 112 million to build its second plant in the state of Guanajuato, fourth overall in Mexico. The facility will be located at the Amistad industrial park in the municipality of Apaseo el Grande, a few minutes away from where Toyot...
Japan-based manufacturer Midori Auto Leather opens third production site in San Luis Potosi
Japan-based manufacturer of leather for automotive applications Midori Auto Leather inaugurated in recent days its third production facility in San Luis Potosi, Mexico. The company opened 1,100 job positions and invested US$ 26 million to build the plant in order to start operations at the WTC I Lo...
Mexican steel producer Grupo Simec acquires two plants from Arcelor Mittal in Brazil
Grupo Simec, S.A.B de C.V., announced that, through its subsidiary Industrias CH, S.A de C.V. (ICH), it has entered to a contract with Arcelor Mittal Brasil, S.A. for the acquisitions of the steel products plants of Cariacica and Itauna, both in Brazil and for steel wire drawn equipment for the prod...

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