Concours Mold investing $5.5 million to expand in Mexico

By Stephen Downer
Correspondent

Published: March 13, 2013 4:49 pm ET
Updated: March 13, 2013 4:53 pm ET

Image By: Plastics News photo by Stephen Downer Tom Drake and Mario Maqueda of Concours Mold

Related to this story

Topics Mexico, Automotive, Injection molds, Molds/Tooling

MEXICO CITY – Concours Mold Inc. is investing $5.5 million to almost double the size of its manufacturing facility in southeastern Mexico.

"We're planning to break ground this month or the beginning of April and it [the extension] should be operational by September," Tom Drake, Concours Mold's director of business development, told Plastics News at the Plastimagen trade show on March 12 in Mexico City.

The Lakeshore, Ontario, company, which also has a large facility in Cullman, Ala., opened the 20,000 square foot plant in Huejotzingo, in the state of Puebla, in July 2010. It will add 15,000 square feet of space by the end of the year.

Concours Mold was the second largest mold maker in North America in 2012, according to Plastics News' ranking, with annual sales of $75 million. Drake said the Huejotzingo plant posted 2012 sales of about $5 million.

"This year we're looking to do 100 million pesos ($8.1 million) in Mexico," he said. The plant employs about 50 and primarily serves the rapidly expanding Mexican automotive industry.

"The Mexican market is booming and we're finding new customers all the time," he explained, adding that he expects business in the country to continue to grow "for a long time."

The expansion will include new equipment from Makino Inc., OKK USA Corp. and Kuraki Co. Ltd.

Drake said Concours is the largest tool shop in Mexico, and is helping to fill a skills gap that has many within the Mexican plastics industry worried.

At a conference last fall, Sergio Beutelspacher Sandoval, a Mexican machinery executive, complained that his company's main problem was the lack of qualified staff. "The whole culture of toolmaking and other trades is being lost," he said.

Drake said Concours employs 12 mold makers in Mexico, one of whom was among five Concours staff members transferred from Lakeshore to Mexico. "It's been a challenge to find young people in Mexico and training them," he said.

Training takes place in Mexico and Canada.

One young Mexican making a career with the company is Mario Maqueda, a junior designer in his twenties. "I'm an engineer and started as a program manager," he said in good English. "I've spent a total of two and a half months in Canada training there."


Comments

Concours Mold investing $5.5 million to expand in Mexico

By Stephen Downer
Correspondent

Published: March 13, 2013 4:49 pm ET
Updated: March 13, 2013 4:53 pm ET

Post Your Comments


Back to story


More stories

Image

Wright Plastic Products buys Tennessee auto supplier Hope Industries

March 4, 2015 3:51 pm ET

Michigan custom injection molder Wright Plastic Products Co. LLC has acquired Tennessee-based automotive supplier Hope Industries Inc., the companies ...    More

Image

Best Places To Work: No. 8, Extreme Tool & Engineering Inc.

March 4, 2015 12:18 pm ET

Way up in Wakefield, a town of about 1,800 in Michigan's Upper Peninsula, they get a lot of snow. In fact, the area is known as Big Snow Country....    More

Image

Best Places To Work: No. 9, Team 1 Plastics Inc.

March 4, 2015 12:11 pm ET

One long-standing, often-cited problem in the plastics industry is the shortage of skilled workers. Automotive injection molder Team 1 Plastics Inc....    More

Image

Ineos to combine ABS unit with Styrolution in Americas

March 4, 2015 10:03 am ET

Global materials firm Ineos Group will combine its ABS resin business with its Styrolution unit in the Americas.    More

Image

Best Places To Work: No. 4, Ayanna Plastics & Engineering Inc.

March 3, 2015 2:39 pm ET

Ayanna Plastics & Engineering Inc., a Clearwater, Fla., injection molder and toolmaker, ranks No. 4 on the Plastics News Best Places to Work list. The...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events