Spanish automotive component producer Gestamp has expanded its operations in Mexico by opening a new manufacturing plant in San Luis Potosí, Kallanish learns from the company. This is the company`s first production unit for chassis parts.
“The plant allows us to strategically improve our capabilities in Mexico thanks to the addition of hydroforming technology and chassis products for the first time in the country, so we become even more competitive,” says Gestamp ceo Francisco Riberas.
The new unit includes hot stamping and hydroforming lines, amongst other technology. The investment amounts to €74 million ($86 million).
Gestamp owns seven production plants in the country, located in Puebla, Toluca, Aguascalientes and San Luis Potosí. Mexico is Gestamp’s sixth largest market, with revenues of €578 million in 2018.
The automotive component producer is also awaiting the opening of new production facilities in Slovakia, the US and Morocco in 2019.