SMW‑AUTOBLOK, a global operating group in the workholding industry, expands operations into Canada.
The 75 year old company is based in Capri, close to Torino, in Northern Italy, and has facilities and offices in many countries Including North America: two in the USA and one in Mexico. The Canadian operation will provide support to its automotive customers in Ontario and other customers in…
The Italian company Brembo - present in Mexico with production plants in Puebla, Apodaca and Escobedo - closed the first half of the year with a net profit of 148.9 million euros, 17.3% higher compared to the same period last year. Revenues amounted to €1.75 billion, an increase of 28.3% compared to the first half of 2021.
Earnings before interest, taxes, depreciation and amortization (…
With an investment of more than 17 million dollars, the new Magneti Marelli plant started operations in Ramos Arizpe, Mexico.
These structures, the fourth project installed by the company in the northern state of Coahuila, will generate 250 jobs.
During the inauguration ceremony, Governor Miguel Ángel Riquelme pointed out that the new Magneti Marelli plant in Ramos Arizpe, dedicated to the…
In order to increase production of hot rolling, galvanizing and finishing, Ternium confirmed that it will invest $1 billion dollars to expand its Pesqueria Industrial Center in Nuevo Leon. Italian companies that produce metal and manufacturing machinery are a good option as suppliers for this type of company and its industrial sector.
This was confirmed by Máximo Vedoya, CEO of the steel…
An Italian fabric maker is locating manufacturing operations in Orangeburg County.
Pratrivero USA Inc., a division of Pratrivero Nonwovens, is investing $17.6 million and creating 34 new jobs in the former Mayer Industries building at 3777 Industrial Boulevard. Industrial Boulevard is near Interstate 26’s Exit 145.
The investment includes $6.5 million in buildings and $11.1 million in machinery…
SMW‑AUTOBLOK is a global market leader in the manufacturing of workholding systems for turning, grinding and milling machine tools. The company designs, develops, manufactures and supports a variety of technology and solutions for different industries and applications worldwide. Founded in Turin, Italy’s notorious automotive cluster, almost 80 years ago (1942), SMW‑AUTOBLOK moved, during…
According to data from the INEGI (National Institute of Statistics and Geography), the manufacturing industry proved to be the most resilient and dynamic sector of Mexico’s economy. Though still below pre-pandemic levels, the monthly indicator of industrial activity has been steadily growing for the past 10 months now. The manufacturing sector grew, in March 2021 (last available data…
The Italian Trade Agencies Toronto and Chicago offices in partnership with the Torino Chamber of Commerce assisted a group of 14 Italian technology SMEs allowing them to learn and take advantage of business opportunities in both Canadian and US markets. Torino and the Piedmont Region in Italy have been a World-class hub for advanced industrial technology and the automotive industry…
2,500 companies, over 160 thousand employees and more than Euro 100 billion in total revenues. These are some of the key figures of the Italian automotive industry which ranks 6th in Europe and 19th in the world for production, and 4th in Europe and 9th in the world for sales. 65% of motor vehicles manufactured in Italy are sold abroad. The automotive industry has played and continues to…
Covid-19 has affected the whole world and it did not spare the manufacturing industry. However, surprisingly, many companies have adapted to these changing circumstances by understanding that evolution is and always has been the only constant in their line of business.
Mexico, with a land mass of over 1.9 million km2, is the fourteenth largest country in size, and is strategically positioned as a…