Over the last several years, the automotive industry in Mexico has experienced exponential growth. This has occurred mainly as a result in large investments made in the Bajo region of the country by Asian auto makers such as Nissan, Mazda and Honda. Other recent big foreign investors in Mexico include Volkswagen, Audi, GM and Chrysler. This influx of foreign capital into the industry has created opportunities for OEM Tier 1, Tier 2 and Tier 3 suppliers. Among the beneficiaries of this expansion are those companies that are involved in mold making in Mexico.
Plastics News’ Steven Downer recently reported a significant presence of suppliers of this service at this years’ Expo Plasticos in Guadalajara. The event took place over a period of four days at the end of March. According to Downer mold making in Mexico, “has been frenetic in the past two years.”
Companies capitalizing on expanded opportunities to participate in mold making in Mexico have their headquarters principally in North America, but also are arriving to service the Mexican automotive industry from further afield. For instance, Integrity Tool and Mold, an Ontario firm, established a just under twenty thousand square foot facility in one of Mexico’s major passenger vehicle production centers, Queretaro, in 2012. From the United States, Frimo, Inc. of Wixom, Michigan made a commitment to begin mold making in Mexico by announcing in October of 2013 that it build a manufacturing facility in the central region of the country to meet accelerated demand for its services.
In addition to other North American firms, mold making in Mexico has caught the attention of manufacturers such as Portugal’s Sao Roque, and Japan’s Ikegami Mold and Engineering, Co. Ltd. The latter companing will soon invest US $1 million in a third Mexican facility.
Read the primary source for this post at Plastics News.