Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, inaugurated its new plant today in San Luis Potosí, Mexico.
The new plant, located on a plot of more than 140,000 square metres, will be equipped with state-of-the-art machinery for hot stamping and hydroforming, among other technologies. San Luis Potosí will become the first plant for Gestamp in Mexico for manufacturing chassis parts. The investment in San Luis Potosí plant amounts to €74 million (US$86 million) while the workforce stands at over 300 people.
The new plant enhances Gestamp’s presence in the State as it is the second plant alongside the one from Edscha, Gestamp’s subsidiary specialising in mechanisms which already employs 270 people. As a result, Gestamp is able to provide its full product offering in this Mexican state, including body in white, chassis and mechanisms.
In 2018, Gestamp opened six plants worldwide, and plans to start operations in four new production centres this year. In addition to Mexico, Gestamp will be opening new production facilities in Slovakia, the United States and Morocco.
The new plant in San Luis Potosí will offer multi-technology solutions to its customers in North America. The new plant will have hot stamping capabilities, a technology in which Gestamp is a global leader, focused on producing parts that are both lighter and safer, therefore improving energy consumption and reducing environmental impact.
The plant will also feature hydroforming technology, which allows the forming of complex shaped steel using the force of water so they can be integrated into the vehicle’s structural components. The hydroforming line installed at Gestamp San Luis Potosí will be the first of this technology for Gestamp on the American continent.
“This plant that we are inaugurating today allows us to strategically improve our capabilities in Mexico thanks to the addition of hydroforming technology and chassis products for the first time in Mexico, so we become even more competitive in the country,” said Francisco J. Riberas, Executive Chairman of Gestamp.
Mexico, world hub of automobile manufacturing
Mexico manufactured 3.9 million vehicles in 2018 (according to IHS), which places the country as the seventh largest producer of automobiles in the world. The Mexican automotive production market has grown steadily over the last decade.
Gestamp started operations in 2001 and currently works for all the customers located in Mexico. The Mexican market is Gestamp’s sixth largest market, with revenues of €578 million (US$682 million) in 2018.
Gestamp Mexico has seven production plants, located in the towns of Puebla, Toluca, Aguascalientes and San Luis Potosí, where Gestamp has more than 3,600 employees.
“Mexico is a market with strong potential, which has grown exponentially in recent years, and in which vehicles are manufactured for the whole world, so we are confident in our ability to grow together with our customers,” Riberas explained.