Fagor Ederlan and GIS constitute a Joint Venture for the implementation of a new production plant in Mexico

Fagor Ederlan and Grupo Industrial Saltillo (GIS) have signed a cooperation agreement for the establishment of a new plant for the machining of metal components for the automotive sector of NAFTA market, which will start its activity in 2016.

This collaboration is the result of the vision and strategy that both companies share about the international development of their business.

Aware of the vitality of the North American market and its relevance as main centre in the offer of global projects, it will allow the full development of the supply of the entire portfolio of iron products of both groups.

The 50% agreement represents an investment of more than 40 million Euro in five years, allowing the creation of 140 new jobs at the new location within the same period, in addition to strengthening the global positioning of both companies.

The new machining plant will have a production capacity of 5 million of mechanized units in 5 years and the product portfolio in this joint venture will focus on iron safety components such as suspension knuckles, brake discs, differential cases and flywheels, among others.

This new implementation will be the nineteenth plant of the Fagor Ederlan group. Leader in the industry with over 50 years of experience, it has a strong global presence in more than 6 countries distributed in key regions of the automotive industry such as Europe, Mercosur, Asia and now NAFTA.

The development of partnerships with leading companies in the sector is the core of the internationalization strategy of Fagor Ederlan. Its most recent productive implementation dates back to this same year with the construction of a new plant for the machining of iron components in Wuhu, China.