Auto parts producer Adval Tech Holdings AG is set to launch production of plastic air flow deflection elements and air guidance systems for car manufacturer Audi at Adval's new Mexican plant starting in April.
In the medium term, Adval Tech (Mexico) plans to employ between 100 and 170 at the injection molding operation. The new plant was inaugurated last November at the El Marqués industrial park in Querétaro, Mexico.
Adval Tech of Niederwangen, Switzerland, has invested about $11 million in setting up its first operation in Mexico, initially aimed at serving the local plant of its established customer Audi. The expansion is in line with the group's strategy of growing its business organically along with its customers — chiefly automotive manufacturers and tier one suppliers.
But Adval Tech has not ruled out expansion through adding new outside businesses. It is considering further growth through specific targeted acquisitions, it said.
The Swiss metal, plastics and composite component producer and mold maker has 14 production plants in Europe, China, Thailand and Malaysia as well as in Brazil and the US. Its mold making subsidiaries operate under the brand name Foboha.
Meanwhile, Adval Tech reported that it increased production of plastic molded auto parts at the expense of metal component forming last year at its plant at Szekszárd in southwestern Hungary.
The facility that makes air/water separation components for Audi and BMW employs a 268,
It was in 2007 that Adval Tech established its Hungarian operation through the acquisition of the local company QSCH Termelö és Kereskedelmi Kft. in Szekszárd.
Adval Tech specializes in the production of high-volume quality molded parts, assemblies and systems for the automotive sector at its plastics based plants in Europe and Asia. It runs mainly multi component injection molding machines with clamping force ranging from 80 to 850 metric tons.
