In the first half of 2018, the export of automobiles assembled in Mexico grew by 10.5% compared to the same period last year, for a total increase in vehicle production equal to 6.4%. The data, published by AMIA (Asociacion Mexicana De La Industria Automotriz), does not take into account the activities of Japanese maker Nissan. The reason for the growth, explains AMIA's President Eduardo Solis,…
Euro Group is the world leader in the production and distribution of magnetic laminations for electric motors and generators for the most varied industrial applications: from automotive to domotics. The holding controls various manufacturing companies and divisions in several countries (Eurtranciatura, Alcast, Corrada, Euroslot, Saf, and others) and has 1,700 employees and a turnover of about €…
Canadian headquartered automotive holding Magna International Inc has signed a deal to buy Italy’s OLSA S.p.A. The transaction is valued at $354 million (230 million euros).
OLSA, based in Turin, Italy, employs about 2,500 people and has manufacturing operations in Italy, Poland, Brazil, China, and Mexico.
Its customers include the Volkswagen Group, the BMW Group, Daimler, and FCA.
The deal,…
The 2017 EXPO PACK took place in Guadalajara, JA, from June 13 to 17, 2017. Fifteen thousand professional buyers - from a wide range of industries, including food processing, beverage, pharmaceuticals, cosmetics & personal care, graphic arts, chemicals, textile, footwear, automotive, hardware, furniture and electronics - attended the Guadalajara event; the largest Latin American show…
The 2017 EXPO PACK will take place in Guadajara, JA, from June 13 to 17. Fifteen thousand professional buyers - from a wide range of industries, including food processing, beverage, pharmaceuticals, cosmetics & personal care, graphic arts, chemicals, textile, footwear, automotive, hardware, furniture and electronics - will attend the Guadalajara event; the largest Latin American show…
Expomanufactura is Mexico’s top event for manufacturing technologies. The trade show gathers exhibitors and visitors from various industries; automotive, mechatronics, electronics, medical devices, appliances, foundry and smelting and more.
The 2017 edition of Expomanufactura will take place from February 7 to 9 at the CINTERMEX exhibition centre in Monterrey, NL.
Machines…
North Carolina based Advanced Ceramic Coatings (ACC), a joint venture between Ohio-based GE Aviation and Turbocoating Corp. of Italy, announced that it will invest $15 million to build a new 62,500-square-foot facility at Hillside Enterprise Park in Duncan and create 50 jobs.
Local officials identified ACC as the company seeking incentives under the economic development project codenamed “Project…
Agrati Group from Italy announced the acquisition of Continental Midland Group (CMG), a leading North American engineered fastener company in the automotive, commercial vehicle and Industrial markets with 4 production plants focused on screws, bolts, nuts and special cold forged parts, and one logistic center. Plants and logistic centers are located in the US: Illinois, Ohio and Indiana. The…
The relevance of Mexico’s automotive industry has consistently grown since 1998. At the end of the 90s, the Latin American country assembled slightly over 500 thousand vehicles per year. In 2015, the vehicle production soared to 3.2 million vehicles. In the past 17 years, the number of exported vehicles grew from 172 thousand units or approximately 1/3 of the production, to 2.6…
The Italian Trade Agency, together with the Piedmont Agency for Investments, Export and Tourism conducted its first combined Italian automotive supplier tour of the Midwest, March 9 - 16, 2016.
This tour was to provide a unique opportunity to a selected number of prestigious Italian manufacturers and suppliers to the automotive industry to have a better understanding of the needs of US…