ThyssenKrupp continues growth in North America
ThyssenKrupp just gave the green light for the construction of an additional auto component plant in Mexico. In the coming months, the company plans to invest around 45 million EUR in the building of a new production site for engine parts. Construction of the new facility in San Miguel de Allende in the Mexican state of Guanajuato is scheduled to begin in early 2016. Starting in 2017 the plant will produce cylinder head covers with integrated camshafts for North American auto manufacturers. Through this investment, ThyssenKrupp creates around 180 highly skilled jobs.
Dr. Karsten Kroos, CEO of the Components Technology business area at ThyssenKrupp said: “We are benefiting from new orders from the fast-growing auto market in North America, especially in Mexico. We plan to continue our profitable growth in North America in the next 5 years with around 500 million EUR investments in new plants. Around half is earmarked for projects in Mexico.”
The auto industry in Mexico has grown strongly in recent years. Over 3 million cars rolled off production lines in the country last year, almost 10% more than a year earlier. All the big international OEMs have production sites in Mexico and many are currently investing in new plants. The Mexican auto industry employs around 600,000 people, making Mexico the world’s 6th biggest auto manufacturer.
ThyssenKrupp already produces components for the auto industry at four sites in Mexico. Products include engine and steering components, springs and stabilizers, as well as axle module assembly. In April 2015, ThyssenKrupp opened a new plant for steering systems in Puebla. The Group is also building an axle assembly plant in San Jose Chiapa which is due to start supplying to Audi in 2016.
ThyssenKrupp is the world market leader for assembled camshafts. The company has unlocked major growth potential with a further development of this technology featuring camshafts integrated fully into the cylinder head.The integrated design of the module permits weight savings of up to 30%, lower fuel consumption and reduced emissions. Another advantage is faster and more efficient engine assembly at the car plant.
About THYSSENKRUPP Thyssenkrupp is a diversified industrial group with traditional strengths in materials and a growing share of capital goods and services businesses. About 155,000 employees in nearly 80 countries work with passion and technological expertise to develop high-quality products and intelligent industrial processes as well as services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2014/2015, Thyssenkrupp generated sales of around 43 billion EUR. THYSSENKRUP InCar®plus INNOVATIONS IN THREE PRODUCT AREAS InCar®plus is leveraging Thyssenkrupp’s combined expertise in materials development, engineering, and the manufacture of high-quality components, modules and systems. This creates unique synergies that enable greater efficiency in power-train, chassis & steering as well as body. https://www.thyssenkrupp.com/