Schunk Sintermetal celebrates 50 years in Mexico and announces major investment
July 27, 2016
Schunk Sintermetal recently marked 50 years of Powder Metallurgy component production in Mexico during a celebration at its facility in Ocoyoacac, Estado de Mexico. The company also announced an initial investment of more than USD 10 million in the business, with the aim of tripling sales in the next five years.
The company was established in Mexico City in 1966, before relocating to Ocoyoacac in 1985. Purchased by Schunk Group in 1995, Schunk Sintermetal manufactures a range of sintered parts mainly for the automotive industry and household appliances in Mexico.
Schunk Sintermetal has focused on fulfilling the requirements of the NAFTA region and has worked closely with Mexico’s automotive industry. Following investment in the region by many of the main automotive OEMs, the area is offering huge potential for suppliers to this sector.
“Years ago we established as our vision in Mexico to be a global leader in the manufacturing of sintered parts. Today we can confirm. This expansion will create more than 300 jobs in the different phases,” stated Daniel Alfonso, Schunk Sintermetal Director.
The investment represents only the first stage of future strategic investments that have been planned for Mexico. It was stated that the goal for the Schunk Group in the Sinter Metals division is to become one of the few global players in this technology.
“This is the biggest investment that has been made in the history of the company since it became part of the Schunk Group; the target is to integrate our factories around the world as a ‘One Firm’ company to fulfill the requirements of our global customers with the same products, same machinery and of course the same quality,” stated Dr Arno Roth, CEO, Schunk Group.
Schunk Group has four plants in Mexico, two of them belonging to the Sinter Metals division and two belonging to the Schunk Carbon Technology division.