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Fagor Ederlan and GIS have created a joint venture to establish a new production plant in Mexico dedicated to machining metal parts for the North America automotive market.
The agreement between Fagor Ederlan and GIS involves an investment in excess of 40 million euros in five years, will enable the creation of more than 140 new jobs and is intended to strengthen the strategy of both companies in their international business development.
The new plant will have a production capacity for machining 5 million units within 5 years and the product portfolio of this joint venture will focus on iron safety components including suspension knuckles, brake discs, differential cases and flywheels.
This new facility will be the nineteenth plant in the Fagor Ederlan Group, which has a strong global presence in more than 6 countries distributed throughout Europe, Mercosur, Asia and now NAFTA.