French car parts manufacturer invests US $147M in Mexico plant

The French auto part manufacturer Forvia has opened a new US $147 million plant in the northern state of Nuevo León.

Forvia, which produces car seating and interiors for major international brands, hopes that the creation of their new Apodaca plant will allow for the export of more than 2 million full sets of car seats per year in 2025.

Faurecia opening ceremony, Nuevo Leon
The opening ceremony was attended by dignitaries from the government of Nuevo León. (Forvia)

The company is aiming to double its manufacturing capacity by the end of 2023. Clients of Forvia include the automakers Volvo and Stellantis.

“This new facility positions us to deliver exceptional value to our customers and enhances our mission to pioneer technology for mobility experiences that matter to people,” said Nik Endrud, Forvia executive vice president of the Americas.

The company believes that the plant’s opening, under the Faurecia brand, represents a “true milestone” for the business. Forvia is currently ranked as the global leader in the industry, with a 16% market share.

A number of state dignitaries were in attendance at the opening ceremony, including Governor Samuel García and Nuevo León Economy Minister Ivan Rivas.

The new factory is yet another development in the nearshoring boom that has seen significant investment in Mexico as a global manufacturing center — especially the state of Nuevo León.

The state has rapidly become a hub for the automotive industry, according to Rivas. One hundred twenty-five of its recent high-level investments have been in the sector. 

Like other developments opening in the region, the new factory will also adhere to modern sustainability standards, to help fight the chronic water shortages that have plagued much of Mexico. 

“Our investment supports key sustainability initiatives in the fields of bioclimatic design, energy efficiency, and water recovery. This is why we are pleased to share with you that this new plant is certified as a green building,” said Jean-Paul Michel, executive vice president of the interiors division, told the business publication Mexico Industry.

With reports from Reuters and Mexico Industry

Have something to say? Paid Subscribers get all access to make & read comments.
site fof Perfcdt Day

Sheinbaum suspends work on Royal Caribbean’s ‘Perfect Day’ megaproject in Mahahual

0
The "Perfect Day Mexico" project will bring 20,000 cruise ship passengers per day to a huge water park complex at a tiny fishing village aside the world's second-largest reef and threatened mangrove forests.
Former Governor of Sinaloa Rubén Rocha Moya

Mexico blocks bank accounts of former Sinaloa Governor Rocha Moya and other officials

0
The federal government's Financial Intelligence Unit (UIF) has blocked the bank accounts of Sinaloa Governor Rubén Rocha Moya and nine other current and former officials accused of drug trafficking by U.S. prosecutors in an indictment that was unsealed on April 29.
Akron Stadium

Spanish king to attend the Spain-Uruguay World Cup match in Guadalajara

2
The Spanish Royal Household has confirmed that the king will attend the match as part of the agenda for his royal visit at the invitation of President Claudia Sheinbaum and FIFA President Gianni Infantino.
BETA Version - Powered by Perplexity