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Mexico

For more information, contact Carlos Mortera (cmortera@AMTonline.org).

• Ramkrishna Forgings will invest $10.8 million to install a factory in Mexico. The company will make forged parts such as end yokes and tube yokes. It will have an installed capacity of 11,000 metric tons annually and is expected to be operational in fiscal year 2025-2026.

• Magna announced investments of $166 million in Ramos Arizpe, Coahuila, to produce structural parts for electric vehicles.

• Japanese tire manufacturer Yokohama Rubber will invest $380 million in Saltillo, Coahuila. With an annual output of 5 million units, the construction will begin in the second half of 2024.

• Chinese tiremaker Sailun confirms an investment of $427 million to produce tires in Guanajuato.

• IKD, a Chinese automotive supplier of aluminum parts casting, will invest $178 million to expand its plant in Irapuato. IKD began operations in 2017-2018 and serves clients such as Bosch, Valeo, Mitsubishi, Mubea, Borgwarner, and Seg Automotive.

• Hi-Tec, recognized for its high-precision CNC machinery, will invest $10 million in warehouses and showrooms in Colon, Queretaro, to meet the automotive industry's demand for the next two years.

• Nippon Steel will invest $71.3 million to install a plant in Apaseo El Grande, Guanajuato.The investment aims to install a new plant to produce automotive steel components.

• Yusei Holdings announced investments of $83 million in building a new injection plant for high-level plastics for the automotive industry.

• Chinese Paoshan-Roca announced an investment of more than $40 million in Ramos Arizpe. Plants will be located in the Chuy Maria Industrial Park and will manufacture auto parts for light vehicles, such as chassis components.

• Medline Mexico will invest $16 million in Nuevo Laredo, Tamaulipas. The company will focus on the manufacturing of surgical products and medical devices.

• Aspen Aerogels will invest around $270 million in Apodaca, Nuevo Leon.

• India-based CS Components will invest $238 million in a plant in Queretaro. The company seeks to use this new plant as a platform to expand in the Americas and explore emerging markets.

• Nexteer Automotive began the construction of a technical engineering center in Queretaro.The construction of this technical center represents growth, opportunities, and innovation for the region as well as an investment of more than $20 million.

• Mexico will receive more than $9 billion from the maquiladora industry through nearshoring in 2024. The National Council of the Maquiladora and Export Manufacturing Industry will ask the federal government to expedite the process for the installation of companies in Mexico.

Brazil

For more information, contact Achilles Arbex (aarbex@AMTonline.org).

Carmakers announced big investments in Brazil, with a focus on hybrids and ethanol development:

• Stellantis will invest $6.13 billion in South America from 2025 to 2030 and intends to launch 40 new products in the region.

• Toyota announced a plan to invest $2.2 billion in Brazil by 2030. Of this total, $1 billion will be invested by 2026 for the local development of a hybrid vehicle compatible with ethanol.

• Hyundai announced plans to invest more than $1.1 billion in its Piracicaba site by 2032 to develop hybrid, electric, and green hydrogen-powered cars.

• Volkswagen more than doubled its investment plans for the 2022-2028 cycle to $3.2 billion to launch sixteen new vehicles in the country, four of which are new, and a new flex hybrid propulsion system.

• Great Wall Motor announced an investment of more than $2 billion in Brazil through 2032 to increase production capacity.

• General Motors will invest $1.4 billion from 2024-2028 to modernize factories, renew its vehicle portfolio, and launch new models.

• Renault announced a new investment cycle of $400 million through 2025 to add a new vehicle to its portfolio.

• Automotive distributor CAOA Group announced the injection of $600 million over the next five years into its factory in Anapolis, Goais, for the adoption of new active safety systems and electrification.

• BYD announced $600 million worth of investments to produce electric vehicles in Brazil, starting in 2024.

• Nissan will invest $560 million to produce SUVs and a 1.0 turbo engine between 2023 and 2025.

• BMW announced an investment of $100 million to produce new X3 and X4 models in the next three years.

FanTR ¶¼ÁéÌåÓýÖ±²¥ Resources and Evapco Brasil, manufacturers of underground ventilation systems and cooling towers, will install a plant in Sorocaba, Sao Paulo, with an investment of $40 million.

Brazilian Akaer will produce the front fuselage of Deutsche Aircraft's new D328eco regional turboprop aircraft. Deutsche Aircraft is developing a new generation of turboprop that promises to be more efficient and 100% compatible with SAF, sustainable aviation fuel. Akaer, a Brazilian aerospace company, was selected by Germany-based Deutsche Aircraft to manufacture the front part of the fuselage of the D328eco, the new-generation 40-seat turboprop intended for regional transportation.Akaer will be responsible for the industrialization, tooling, prototyping, and related studies. The first delivery of the fuselage is scheduled for the end of 2025 and will initially be produced at the company's facilities in Sao Jose dos Campos, Sao Paulo.