DUSSELDORF, GERMANY — Delta Tooling Co. is taking a significant step into the Mexican market, entering into a $3 million joint venture that will upgrade an existing plant in Monterrey.
Delta will have a 50 percent share of the 9,000-square-foot plant from Aar/Kel, in Wallaceburg, Ontario, and the two firms will spend close to $1 million to upgrade equipment, said Pete Mozer, president of Auburn Hills, Mich.-based Delta. Aar/Kel will retain ownership of the other half.
The expansion is needed to ``stay in favor'' with important automotive customers and to help Delta compete for mold-making business headed to Mexico, Mozer said. Delta is one of the largest toolmakers in the United States.
The facility will have new high-speed equipment for both milling and electric discharge machining, and will service molds and build new ones for presses as large as 1,000 tons, Mozer said. The joint venture officially started July 1, and is called North American Tooling Co. Mozer was interviewed at the K'98 show.