Auto supplier Novares opens plant in Mexico
International automotive elements provider Novares Group has consolidated tube assembly producing, formerly carried out at two crops in Richmond, Wis., and one particular in Santa Ana, Mexico, in a new $1.75 million facility in the identical Santa Ana municipality.
It officially opened the 86,261-square-foot plant on April 21. The facility produces plastic tubes for emission command programs and molded parts for oil separators, the France-headquartered corporation said in a information launch.
“This is a substantial financial investment by Novares in our Mexican creation facilities, built to carry this activity below one particular roof and focus our know-how in a single put, optimizing prices and advantages for our buyers,” Novares CEO Pierre Boulet claimed in a speech at the opening ceremony.
Santa Ana is 62 miles south of Nogales on the U.S.-Mexico border. Novares operates 41 producing vegetation across the environment, such as six in Mexico and seven in the United States, and promises to offer “virtually each individual OEM and lots of Tier 1 organizations in the automotive current market.” Its revenue in 2021 totaled 1.01 billion euros ($1.06 billion).
The U.S., Canada and Mexico account for 30 percent of the company’s complete sales, in accordance to Novares. Its shoppers in the region consist of BMW, Ford, GM, Nissan, Stellantis, Tesla, Toyota and Volkswagen.
Equipped with new machinery, including a Unicor CVT extrusion machine for creating electric powered car or truck battery cooling procedure components, the plant will “simplify source chains to the North American market,” Boulet reported.
It would also “convey additional chances for neighborhood work and a new chapter in our Mexican manufacturing journey.” Novares employs 400-in addition at the new facility, according to the information release.
Based mostly in the Paris suburb of Clamart, Novares was started in Monaco underneath the title Mecaplast in 1955. It acquired its competitor Vital Plastics, of Livonia, Mich., in 2016, shortly after London-primarily based expense enterprise Equistone Partners Europe experienced turn out to be Mecaplast’s the vast majority shareholder.
Mecaplast was rebranded as Novares in 2017.