You are here: Home > Steel News > Latest Steel News > American...

American auto parts company BorgWarner Inc. opens eighth plant in Mexico

Thursday, 13 June 2024 09:33:35 (GMT+3)   |   San Diego
       

The auto parts company BorgWarner Inc., based in Auburn Hills, Michigan, with an investment equivalent to $45 million, inaugurated its eighth production plant in Mexico, a country that is the third most important by turnover, in the northern Mexican city of Saltillo, Coahuila.

"With an investment of MXN 858 million ($45 million) and 350 new jobs, we inaugurated the third plant of BorgWarner (in Coahuila), a leading auto parts manufacturing company," reported the state governor, Manolo Jiménez Salina, on his personal X account (formerly Twitter).

The company has production plants in El Salto, Jalisco; Irapuato, Guanajuato; in San Luis Potosi; in Reynosa, Tamaulipas and the three in Coahuila: Ramos Arizpe, Torreón and the new one in Saltillo. It also has a technology center in the border city of Juarez, Chihuahua.

In 2023, of the $14.20 billion in sales it recorded, Mexico occupied the third most important position with $2.33 billion, a figure that represented 12.4 percent of the total. That participation was only surpassed by the 16.4 percent that the United States contributed and by the 21.1 percent of China.


Similar articles

Mexico expects $2.1 billion in new FDI in Q3

21 Nov | Steel News

Canada concerned about China's automotive investment in Mexico

21 Nov | Steel News

Mexico aims to tax mining more in 2025

21 Nov | Steel News

Wire rod consumption in Mexico down 10.9 percent in September

21 Nov | Steel News

Open-pit mining ban in Mexico in the hands of politicians and inexperienced people

20 Nov | Steel News

Mexico's rebar consumption down 29 percent in September

20 Nov | Steel News

Mexican congresswoman calls for federal security for mining companies

18 Nov | Steel News

Mexican mining company Autlán receives loan to restructure its debt

18 Nov | Steel News

Mexico's automotive trade flow declines 9.2 percent in September

18 Nov | Steel News

Mexico's steel plate consumption down 8.7 percent in September

18 Nov | Steel News