2017-11-14T10:14:23+00:00 August 31, 2016|

Strong demand necessitates further capacity expansion in Mexico

Yesterday’s inauguration of the new plant in the Mexican automotive location of San Luis Potosí does not mark the end of Autoneum’s expansion in the North American growth market: Owing to the high demand for lightweight noise and heat protection components, the foundation stone was simultaneously laid yesterday for a second production facility in San Luis Potosí where from 2018 underfloor systems, carpets and heatshields will be produced for German, US-American and Japanese OEMs. In addition, Autoneum will be opening a sales and engineering office in Mexico City in order to guarantee optimum customer and supplier care.

With the commissioning of its third plant in Mexico yesterday, Autoneum has significantly expanded its local presence and in doing so responded to the rising demand for its lightweight noise and heat protection components in cars. From early 2017, carpet systems, inner dashes and floor insulators will be produced at the plant in San Luis Potosí (San Luis Potosí federal state), around 400 kilometers northwest of Mexico City. The inner dashes and floor insulators convince not only with their acoustic performance and low weight but also thanks to their high share of recycled materials with environmental friendliness. From the plant measuring 27,000 square meters, Autoneum will supply US-American and German OEMs producing locally for the North American market.

It already became clear during the construction work in San Luis Potosí that the continued increase in demand for lightweight noise and heat protection components on the part of existing and new customers producing in the immediate vicinity of the Autoneum plant was necessitating an expansion of capacity. Simultaneously with the opening of the first plant in San Luis Potosí, the foundation stone was therefore also laid yesterday for the second Autoneum plant in San Luis Potosí. Underbody systems, carpets and heatshields for German, US-American and Japanese OEMs will be produced on an additional 19,000 square meters from 2018. Autoneum will create 430 new jobs at the two plants in San Luis Potosí by 2020.

Martin Hirzel, CEO of Autoneum, underlined at the opening ceremony in San Luis Potosí: “This further need to expand our production capacities in Mexico reflects the continued growth in demand among vehicle manufacturers for multifunctional noise and heat protection components with which we support our global customers in Mexico in the development and production of quieter, lighter and more fuel-efficient vehicle models.”

In order to manage the expansion in Mexico as best as possible, Autoneum is additionally opening a sales and engineering office in Mexico City. The local bundling of order acquisition, the development of component adaptions and purchasing for production in Mexico will enable a profitable expansion of customer and supplier relationships to be secured in this growth market.

Autoneum is already represented in Mexico in addition to the plant in San Luis Potosí with a manufacturing location in Hermosillo (Sonora federal state) and via its subsidiary UGN with a plant in Silao (Guanajuato federal state). As well as the locational benefits that Mexico offers due to its NAFTA (North American Free Trade Agreement) membership, the country’s automobile market also convinces on a global comparison thanks to its growth momentum: In 2015, 3.4 million light vehicles were produced, with an increase to around five million vehicles expected for 2020.

Photos
Pictures and visualizations of the San Luis Potosí plants are available for download at www.autoneum.com/media/press-kits.

Investors

Dr. Martin Zwyssig
CFO
T +41 52 244 82 82
F +41 52 244 83 37
investor@autoneum.com

Media

Dr. Anahid Rickmann
Head Corporate Communications & Responsibility
T +41 52 244 83 88
F +41 52 244 83 36
media@autoneum.com

Downloads

Media Release Capacity Expansion Mexico (PDF)
Inauguration of the San Luis Potosi 1 plant
Visualization of the future San Luis Potosi 2 plant 2
Visualization of the future San Luis Potosi 2 plant 3
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