Germany's Woco planning second molding plant in Mexico

By Stephen Downer
Correspondent

Published: September 19, 2012 6:00 am ET

Related to this story

Topics Automotive, Injection Molding

QUERÉTARO, MEXICO (Sept. 19, 10 a.m. ET) — Tier 1 auto industry supplier Woco Group appears likely to build a second manufacturing plant in Mexico as it aims to keep pace with the rapidly expanding Mexican automotive industry.

A spokeswoman for the family-owned German company, whose customers in Mexico include Volkswagen AG, BMW AG and Ford Motor Co., told Plastics News a decision on the plant’s location will be made within 18 months.

In late August, Woco of Bad Soden-Salmünster, in the German state of Hesse, announced a $12 million expansion of its Querétaro facility, 140 miles northwest of Mexico City, opened in 2007 and operated by Woco Tech de México SA de CV.

An additional $18 million will be invested in machinery and auxiliary equipment for the plant over the next four years, according to Samuel Ramos Otero, director of Woco operations in the North American Free Trade Agreement zone, in a news release.

Woco estimates Querétaro will generate sales of about $65 million by 2016, accounting for 15 percent of its global sales, Ramos Otero said. "We have invested heavily in technology and quality systems, with which we are currently in a position that allows us to face any challenge that the automotive industry in NAFTA may present."

The $12 million is being used to increase the size of the factory from 64,600 to 107,600 square feet and for the purchase of new injection molding equipment.

The Woco spokeswoman said about $2 million is being invested in several new presses, one with a clamping force of 1,000 tons, another of 500 tons and one or two of 200 tons, which are scheduled to be installed over the next few months.

The company’s favorite suppliers of injection molding machines are Krauss Maffei Technologies GmbH and Arburg GmbH + Co KG. Already installed in Querétaro are presses ranging in clamping force from 70 tons to 500 tons. They include one 70-ton press, four of 100 tons, two of 130 tons, three of 200 tons and two each of 400 and 500 tons.

Plastic injection molding and the assembly of plastic parts represent between 50 percent and 60 percent of all activities at the plant, which employs 300, about 210 of them in manufacturing, the spokeswoman said. Ramos Otero added that he expects Woco to double the number of employees there within several years.

Items produced include cylinder-head covers, air-intake and channeling components, and actuators.

On its website, Woco — which started manufacturing operations in Mexico in Querétaro, in 1993 — lists 18 vehicle makers and 29 suppliers among its customers.


Comments

Germany's Woco planning second molding plant in Mexico

By Stephen Downer
Correspondent

Published: September 19, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Sumitomo Bakelite buying injection molder Vaupell Holdings

April 24, 2014 7:37 pm ET

Private equity firm H.I.G. Capital LLC of Miami has entered into a definitive agreement to sell plastics processor Vaupell Holdings Inc. to Sumitomo...    More

Injection molder Precision Plastics adding space, presses in Indiana

April 24, 2014 2:54 pm ET

Custom injection molder Precision Plastics Inc. is expanding its Columbia City, Ind., operation.    More

Image

China's biggest fuel tank maker getting a US foothold

April 23, 2014 4:41 pm ET

The majority owner of China's biggest fuel tank maker is expanding its global automotive footprint with the acquisition of the fuel tank unit of...    More

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Auto supplier adds production space, jobs at plant in central Hungary

April 22, 2014 9:50 am ET

Automotive parts manufacturer Ábrahám Kft. has expanded its factory in Túrkéve, in central Hungary, with the launch of a new production hall as part o...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 – North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events