$6 million investment at Schunk’s Mexican Sintermetal plant
February 6, 2013
Sintermetal S.A. de C.V has announced an investment of some $6 million at the company’s site in Mexico, with the opening of its latest plant expansion at their facility in Ocoyoacac.
Founded in Mexico in 1966 and acquired in 1995 by the Schunk Group, Sintermetal manufactures a wide range of sintered parts for numerous applications. New machinery incorporated in the expansion will offer the highest standard of control, allowing Sintermetal to expand its reach into the market of highly complex sintered parts, stated the company. This will enable Sintermetal to produce rotors for oil pumps and VVT (variable valve timing) systems, among other applications.
Schunk Group’s head office, located in Germany, approved this significant investment to meet the needs of the domestic market as well as North and South America. “This expansion is due to the growing niche market in which there is a strong tendency to have suppliers with the best quality standards worldwide and short response times. Sintermetal offers these advantages to serve its customers in time with the quality required, eliminating the need to buy sintered parts from Europe or Asia.”
In attendance at the opening ceremony on 21st January was Gerhard Federer, CEO of the Schunk Group, as well as representatives from the CAMEXA (Mexican-German Chamber of Commerce and Industry).
Posted by: Paul Whittaker, Editor ipmd.net, [email protected]
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