The company ‘La Z Boy’ confirmed an investment of eight million dollars in Torreón, Coahuila, for which it will be generating 520 direct jobs. With this, the American company will strengthen the Furniture Cluster in the region.

Miguel Ángel Riquelme Solís, state governor, told the brand’s executives that Coahuila has a qualified workforce so that they can achieve their objectives as a sector and in the global market.

“The Cúster Mueblero is a reality in Coahuila, it is necessary to continue to be the best. La Laguna’s workmanship is recognized. Today the entity has new areas of opportunity, new routes of economic development are being opened and the Comarca Lagunera is taking advantage of them ”, he assured.

For his part, Gustavo Galindo, director of Human Resources at La Z Boy, explained that the team that leads this company and its collaborators will generate good ties in Torreón, especially in Parque Torreón 2000, where the fourth plant in Coahuila and the sixth in the country.

“On behalf of our vice president, Shane Gamble, I appreciate the synergy we have achieved with state and municipal authorities,” said the executive.

He warned that they are here to stay and expect a success, and that they will hire 600 people from Coahuila and provide them with security and competitive employment.

The following attended this event: Eduardo Olmos Castro, deputy president of the Governing Board of the State Congress; Tereso Medina Ramírez, Secretary General of the CTM; Jaime Guerra Pérez, Secretary of the State Economy; and Ernesto Llamas, partner of Parque Torreón 2000.

SOURCE: Mexico Industry

TOLUCA – Henkel, a German manufacturer of consumer and industrial products, has shown steady growth in Mexico in recent years, and this has led to an increase in its needs, which is why it has invested close to US$38.3 million over 10 years in the creation of a new Distribution Center located in Toluca.

The facilities will be equipped with new automatic unloading equipment, warehouse management software and electric forklifts, among other technological innovations, which will improve warehouse efficiency, reduce the time between order arrival and delivery, mitigate the complexity of warehouse processes, and be more environmentally friendly.

In addition to the construction of this large warehouse, important investments were made in Warehouse Management Systems (WMS), as well as in new platforms and 30,000 new racks that will allow reaching a total capacity of 80,000 pallet positions in the first phase, with a total of 86,000 square meters of floor space required not only to locate the platforms, but also for its own operation.

“The opening of this new Distribution Center represents a great achievement for the company, because in addition to allowing us to provide a precise and excellent service to all our customers in the market, it will also encourage us to continue supporting business growth in Mexico,” said Valentin Lopez, president of Henkel in Mexico.

It is worth mentioning that currently, global supply chains play a key role in many of the most pressing environmental situations and therefore, companies are progressively adopting a wide range of voluntary practices to improve their environmental footprint.

By opening the new Distribution Center, Henkel reaffirms its commitment to society, because one of its objectives is to be able to provide sources of employment that go beyond a specific figure, but can be measured through the lives positively impacted, for example, of all those families that will benefit from this project.

SOURCE: MEXICO NOW

Latécoère, a leading partner of major international aircraft manufacturers, today announces the closing of the acquisition of Mexico-based Shimtech de Mexico (SDM).

Further to the news release dated September 16 and announcing the signing of the acquisition of Shimtech de Mexico (SDM) from Avantus Aerospace Ltd, Latécoère is pleased to announce the closing of the transaction.

Following the acquisition of Technical Airborne Components (TAC) at the end of August, this is the second external growth transaction since the completion of the Group’s capital increase at the beginning of August.

About Latécoère

As a “Tier 1” international partner of the world’s major aircraft manufacturers (Airbus, Boeing, Bombardier, Dassault, Embraer and Mitsubishi Aircraft), Latécoère is active in all segments of the aeronautics industry (commercial, regional, business and military aircraft), in two areas of activity:

• Aerostructures (55% of turnover): fuselage sections and doors,
• Interconnection Systems (45% of turnover): wiring, electrical furniture and on-board equipment.

As of December 31, 2020, the Group employed 4,172 people in 13 different countries. Latécoère, a French limited company capitalised at €132,745,925 divided into 530,983,700 shares with a par value of €0.25, is listed on Euronext Paris – Compartment B, ISIN Codes: FR0000032278 – Reuters: LAEP.PA – Bloomberg: LAT.FP.

SOURCE: businesswire

AGUASCALIENTES – With an investment of US$1.6 million, Mexstamp inaugurated its new facilities in the Chichimeco Industrial Park in Aguascalientes.

“With this new plant, the auto parts, machining and stamped Parts Company generates 55 new sources of employment, informed its director, partner and founder, Victor Hugo Olvera Jimenez.

The company was born in 2018 thinking about meeting the needs of the automotive sector in the region, but after three years of sustained growth, the company has managed to expand its services, offering quality stamping of 56 numbers of auto parts to customers in Central and South America, as well as in the United States.

The executive mentioned that the company will continue to invest in the state through the construction of a second plant in 2022 in order to serve its new customers. The project contemplates an investment of US$707.109 and the generation of 100 additional jobs.

At the inauguration event, the governor of Aguascalientes, Martin Orozco Sandoval, thanked the company’s top management for maintaining their confidence in the state and building this factory.

The governor emphasized that in the state, local companies do have opportunities for development by stressing that they have a global vision to increase their productivity and competitiveness in Mexico and abroad.

SOURCE: MEXICO NOW

LTP Group confirmed its arrival in Ramos Arizpe, Coahuila, to position the furniture manufacturing industry in the region.

This company, originally from Denmark, will invest 8 million dollars for the installation of its plant in the Amistad Industrial Park, which will have an area of ​​4,000 square meters and will be generating 300 direct jobs.

The luxury furniture and clothing manufacturing company has nine plants in Lithuania, Belarus, Ukraine and Vietnam, where they have created around 2,000 jobs.

Henrik Holmgaard Olsson, CEO of LTP Group, stated that they came to this region of the country for the economic and strategic benefits to continue consolidating globally.

“We arrived in Coahuila because we heard very good references from the area, when we started negotiations to come they convinced us even more. We are sure that here we will be able to consolidate and stay for a long time, ”he said.

LTP Group offers reliable production, meeting the strictest environmental, health and safety standards without compromising on functionality, quality and design. It also ensures that all products contain safe components for people and the environment, throughout the entire production chain.

It has certifications such as Bluesign, the Global Standard for Organic Textiles (GOTS), Reach Compliance, Fair Wear, the Corporate Social Compliance Initiative (BSCI), Higg Index, Green Energy, the FSC System, Möbelfakta, ISO 9001, of the Law Toxic Substances Control (TSCA) and the Environmental Protection Agency (EPA).

SOURCE: Mexico Industry

GUANAJUATO – Kohler arrives in San Luis de La Paz, Guanajuato with an investment of US$181.2 million and a commitment to generate 886 direct jobs.

Kohler is a leading U.S. company in the production and design of kitchen furniture, bathrooms and decorative products, which has also successfully ventured into other business areas such as energy, hospitals and real estate.

The Governor of the State, Diego Sinhue Rodriguez Vallejo, highlighted that the Kohler Bajio project, which is starting up, is for the Kitchen and Bathroom Division; its production will be basically for export, although it will also seek to conquer a very important segment of the Mexican market.

The Governor emphasized that Kohler’s arrival in Guanajuato also means the consolidation of the construction, ceramics and materials sector in the state, with companies of great prestige and world class.

The President and CEO of Kohler Co, David Kohler, thanked the state authorities for their support to undertake this project, with which they will contribute to improve the quality of life of the people of this region.

“We are celebrating 30 years of investment in Mexico, when we arrived in Monterrey in 1991, now we are coming to Guanajuato, where we will have one of the most important plants we have in the world”, he added.

The event was attended by the Mayor, Luis Gerardo Sanchez Sanchez, and the minister of Sustainable Economic Development, Mauricio Usabiaga Diaz Barriga, as well as the President of the State Congress, local Congressman Armando Rangel Hernandez.

SOURCE: MEXICO NOW

Daimay Automotive Interior inaugurated the facilities of its plant III and IV in Ramos Arizpe, Coahuila, where it will be generating 1,000 jobs.

In September 2020, it confirmed an investment of $ 32 million to expand its operations in this region and increase the production of interiors for cars such as headboards, visors and armrests.

The company installed in the Finsa Industrial Park will also manufacture some awnings for General Motors, which will be used for the assembly of electric vehicles.

Daimay is a Chinese company with more than 20 years of experience in the supply of automotive interiors, both in the area of ​​design and engineering and manufacturing.

Victor Villarreal, regional manager of Daimay, declared that the state is a competitive place that allows the constant expansion of its operations, having a qualified workforce and the advantage of having one of the best logistics for exporting products to North America.

Likewise, Miguel Riquelme Solís, governor of Coahuila, affirmed that in the entity the company will find all the tools to continue consolidating its brand, in addition to a first-rate infrastructure, labor peace and people trained to develop any type of projects.

Daimay Automotive Interior has already invested 150 million dollars and created 4,000 jobs, becoming one of the most important companies in the automotive sector in the state.

Source: Mexico Industry

STATE OF MEXICO – Alfredo del Mazo Maza, Governor of the State of Mexico, announced that Hitachi will invest US$56 million to improve industrial safety at its plants in Lerma, thus contributing to the creation of 480 new jobs. This investment will be made over 2 years.

Joaquin Loose Doedter, president of Hitachi Mexico; Luis Manuel Vallejo Rosas and Edmund Friedrirh Petersen, Hitachi’s general directors of operations and human resources; alongside the state governor, announced that the company has invested US$97 million in the continuous improvement of equipment and processes to strengthen its operations between 2018 and 2020.

Hitachi’s 3 plants employ more than 2,700 people who manufacture water pumps, balancers, coils, valves, sensors, pistons, shock absorbers and brake casting for brands such as Nissan Ford Honda General Motors Mazda and Fiat Chrysler.

The company also manufactures powertrains, advanced driver assistance systems and chassis for automobiles. Most of its production is destined for the United States, Canada, Germany, the United Kingdom and South Korea, and it has also obtained Q1 certification from Ford, Excellence Supplier from General Motors, and ISO 14001 certification.

Del Mazo Maza recognized the work of the Hitachi team for their commitment to the country and the products they manufacture, as the brand has been present in Mexico for 60 years, standing out for its innovation and diversification.

SOURCE: MEXICO NOW

MEXICO – The Mexican unicorn Kavak raised a Series E financing round for US$700 million and thus became the second most valuable startup in Latin America, with a value of US$8.7 billion, after the Brazilian neobank Nubank.

According to Kavak’s CEO in Mexico, Alejandro Guerra, the resources of this new investment will be allocated to two objectives: improving the user experience and expanding to other emerging countries.

Kavak currently operates in Mexico, Argentina and Brazil, where it arrived at the beginning of 2021. It has 40 logistics centers for the reconditioning and sale and purchase of pre-owned cars, 20 of which are in Mexico, and 4,700 employees worldwide.

According to Guerra, their estimated goal is to double the number of collaborators globally by the end of 2022 and also to double the number of logistics hubs in Mexico, in order to expand mainly to the northern and western regions of the country by the end of 2021.

Kavak is taking advantage of disruptions in the new car supply chain around the world to reach other emerging markets, both in Latin America and other regions of the world.

Although the executive said that they do not yet know which countries they will take their business model to, he assured that the first place will be Latin American emerging markets, followed by Asia, Eastern Europe and even Africa.

SOURCE: MEXICO NOW

The HNI Corporation confirmed that it will open a new office furniture plant in Saltillo, Coahuila, for which it will be generating an investment of 18.5 million dollars.

This financing is due to the high demand for office seats in North America, and will be generating around 250 direct and indirect jobs. It should be noted that the products that are being manufactured in Mexico will be to supply the five distribution centers that the company has in the United States.

The plant will be located in the Mencorsa Industrial Park and is expected to start operations in the first quarter of 2022 with a capacity area of ​​160,000 square feet.

Max Sánchez Armas, director of operations in Mexico, thanked the support of the state authorities for being able to facilitate the arrival of the North American company to Mexico, for which he reaffirmed that with this investment a long commercial relationship and several projects will begin.

Likewise, he explained that the decision to have chosen Coahuila is due to the proximity that the state has with the United States, because of the logistics and communications infrastructure, as well as because of the qualified workforce, security and labor peace.

SOURCE: MEXICO INDUSTRY