GKN Sinter Metals, the global market leader for high precision powder metal components, continues its growth strategy with the announcement of investing in a new facility in Mexico. Situated in Guanajuato, the plant will have almost 6,000 sqm of roofed area and employ up to 250 people over the next years.
"We are proud to welcome GKN Sinter Metals in the state of Guanajuato, a company with high technology products and a company with a large global footprint. Our state welcomes GKN with open arms," said Mauricio Usabiaga Diaz Barriga, Guanajuato Secretary of Economy Development.
Supporting GKN Sinter Metals' leading position in Automotive and Industrial Markets and its strategic focus to expand products in electrical systems, the site will be perfectly positioned to support local Mexico customers who require powder metal product solutions in X-by-Wire systems, e-pump technology, connected home technologies, etc.
During a ground-breaking ceremony with representatives from the local government and business partners on February 19, GKN Powder Metallurgy CEO Peter Oberparleiter re-confirmed the company's commitment to its operations in Mexico.
"It is part of our strategy to have operations in our key markets and in close proximity to our customers. Reflecting the strong development of the Mexican automotive and industrial sector over the recent years this investment was a natural step," Oberparleiter said.
"We are excited to see local production beginning in August with the objective to have full operations and local supply from Guanajuato in 2019."