Products and solutions, Company News, 2016-06-29, 09:30 AM
thyssenkrupp remains on growth track in Mexico
- Expansion of new auto components park in San Miguel de Allende
- New plant for damper systems
- Profitable growth and regionalization strategy of Components Technology business area making good progress
The industrial and technology group thyssenkrupp continues to invest in Mexico. Together with Miguel Márquez Márquez, Governor of Guanajuato, the company presented its latest growth plans in Essen. At the new auto components park started last year in San Miguel de Allende, Guanajuato, the Group plans to build a further plant for active and passive damper systems. At the beginning of the year thyssenkrupp began the construction of a production plant for cylinder head covers with integrated camshafts at the site. thyssenkrupp is investing altogether around 150 million euros in the new industrial park. Production supplies to OEMs in North America are planned from 2017/2018. The 200,000 square meter components site will create up to 750 new jobs.
Dr. Karsten Kroos, CEO of the Components Technology business area at thyssenkrupp: “Mexico plays a central role in the expansion of our auto components business. Our investment programs there are a key part of our growth and regionalization strategy. On completion of the new components site in San Miguel de Allende we will more than double the size of our production network in Mexico to altogether eight production sites in just a few years.”
The auto industry in Mexico has grown by on average eight percent per year over the past five years, and this rate of growth is expected to continue. With target output of five million units in 2020, Mexico would become the world’s sixth biggest automobile producer.
The Components Technology business area at thyssenkrupp is profiting from this growth with a good order backlog for both chassis and engine components. Last fiscal year the components division increased its sales in North America by 17 percent year-on-year to around 1.9 billion euros. thyssenkrupp is increasingly focusing on high-tech systems manufactured in a global production network to the same high production and quality standards to meet increasing customer requirements.
thyssenkrupp has been producing components for the North American auto market in Mexico since the 1960s. The product range includes engine and steering components, springs and stabilizers, and axle module assembly. By locating two new technologies at the new industrial park in San Miguel de Allende, the company will have competitive cost structures to unlock further growth potential. thyssenkrupp is one of the world’s leading suppliers of both dampers and assembled camshafts. With the thyssenkrupp Bilstein brand, the company is also world market leader in the racing and aftermarket sectors.
thyssenkrupp in Mexico
thyssenkrupp is represented by four of its six business areas in Mexico. Last fiscal year the Group generated sales of over 820 million euros there. Around 3,500 people work for thyssenkrupp in the country. Alongside auto components they produce elevators, design and build plants for the cement, oil and gas industries, and process and distribute aluminum and steel.
thyssenkrupp in the automotive industry
thyssenkrupp is one of the world’s leading suppliers of materials, components and engineering services to the auto industry. Nine out of ten premium class cars are fitted with components made by the company. One in three trucks feature drive components from thyssenkrupp. In the 2014/2015 fiscal year thyssenkrupp’s sales in the automotive sector came to around 9.8 billion euros. Customers include practically all the big auto manufacturers.
Company blog: www.engineered.com