Japan's Kinugawa Rubber Industrial Co. intends to build a plant in Mexico for turning out automotive sealants.
West-central Mexico is thought to be a leading candidate area for the facility, the company's first in that country.
Construction will begin in 2010, with the plant slated to come onstream in 2011 or 2012. It will make weatherstripping to seal the doors and windows of automobiles to keep the wind and rain out. Plans call for producing sealant for the equivalent of 100,000 vehicles each year.
The Mexican plant will be Kinugawa Rubber's second in the Americas, joining one in the U.S. state of Tennessee. Materials will be shipped from the Tennessee site to the
Mexican plant, which will process them into finished products.
The move into Mexico comes in response to orders from automakers operating in the region. Although autoparts companies have been hit by the slowdown in the North American auto market since last fall, demand is likely to return to previous levels as the U.S. population grows. Automakers are already ordering parts for new cars they plan to introduce.
(Source: http://irco.biz)
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