Nemak, which provides lightweighting for the world’s automotive industry, opened a high-pressure diecasting facility in Monterrey, Mexico. Mexican president Enrique Peña Nieto presided over the event.
According to a news release, the plant’s technology will support production of aluminum automotive components, primarily engine blocks, transmission cases and structural components. There will also be a machining center for processing.
The investment is $200 million and production will begin this year.
The new plant is just the latest news Nemak has made in Mexico.
In December, the company was honored in two categories of the National Technology and Innovation Awards, winning honors in Process Innovation and Product Innovation.
“Our support of research and innovation has enabled us to develop technologies which drive vehicle weight reduction and make mobility more sustainable,” Armando Tamez, CEO, Nemak, said in a news release. “This award is a true honor for our company, providing us with added motivation to continue these important efforts.”