Press Release Nemak: Sales Growth with Structural Components
The automotive supplier Nemak supplies assemblies with high added value worth 50 million US dollars in annual sales.
Nemak, one of the leading providers of innovative lightweighting solutions for the global automotive industry, announced that it has won new contracts to supply structural and electric vehicle components worth US $50 million in annual revenues. With this, the company has secured contracts to date in this segment representing approximately US $450 million in revenues on an annualized basis. "This new business will enable us to further leverage our expertise and global footprint, combining casting and robotic welding, gluing, and riveting technologies to provide complex assemblies for vehicle structures of European OEMs," said Armando Tamez, CEO of Nemak. "Moreover, as our customers accelerate their vehicle lightweighting and electrification plans, our track record in structural and electric vehicle components is helping us to build up an attractive quotation pipeline, which is worth today approximately US $1.2 billion in annual revenues in the segment."
Nemak is a leading provider of innovative lightweighting solutions for the global automotive industry, specializing in the development and manufacturing of aluminum components for powertrain and body structure applications. The company employs more than 22,000 people at 38 facilities worldwide. In 2017, it generated revenues of US $4.5 billion.
For more information about Nemak, visit www.nemak.com
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