Mexican auto parts, machining and stamping manufacturer Mexstamp has invested MX$35 million (US$1.65 million) into a new auto manufacturing plant in Aguascalientes, expanding employment opportunities in the state and the automotive sector.
Mexstamp’s newest location, set in Aguascalientes’ Chichimeco Industrial Park, aims to increase productivity and competition. “Mexstamp is looking to take advantage of the opportunity to cater to the high-quality stamping of metallic parts in Aguascalientes and El Bajio,” said Victor Hugo Olvera, General Director and Founder, Mexstamp.
Mexstamp was founded in 2018 to capitalize on the talent and skill in Aguascalientes to cater to the region’s auto parts manufacturing sector. Since then, the company expanded its services and grown well past its original market. In 2019, Mexstamp was able to incorporate and certify the quality system ISO 9001-2015. It now produces 56 different types of auto parts for clients in the US and South America.
During its years of production, investment in the company increased from MX$15 million (US$706,802) to MX$35 million, its operation space grew from 1,000 square meters to 3,750 and its employment base grew from 10 to 60 staff members. Olvera announced that the company plans on investing MX$40 million (US$1.88 million) more to generate 200 jobs and expand to 4,000 ft2.
The company offers services for the manufacturing of stamped pieces, corrective and preventive maintenance of BLK, PRG, TD and TF dies, as well as on-demand machining. Its clients include automotive industry assistance company QAS Mexico, global seat system creator TACHI-S Mexico, global suspensions manufacturer Yorozu, seat frame solution company TF-Metal, Donaldson Filtration Solutions, metrology laboratory SECAM and locally dyed and polyester fibers manufacturer DS Fibras of Mexico.
As Aguascalientes Minister of Economic Development Manuel Alejandro González Martínez pointed out that Aguascalientes is a leader in logistics, infrastructure and safety for which the state was selected to hold the North America Automotive B2B Meeting and host automotive leaders from across North America. Through investment of this kind, the state will continue to meet the needs of the automotive industry and strengthen the local economy, forecasted González Martínez.
“The state produces work at a world-class level due to the manufacturing talent that exists to answer to the Industry 4.0 necessities, with education and the boost of science and technology being the bases for answering to the market’s demands,” said Martín Orozco Sandoval, Governor of Aguascalientes, at the new plant’s inauguration.