French auto parts maker invests $147M in Mexico plant

Forvia, a French car part manufacturer, has launched a new $147 million plant in the northern Mexican state of Nuevo León.

Forvia, which manufactures car seats and interiors for key international brands, expects that the new Apodaca plant will enable them to export more than 2 million full sets of car seats per year by 2025.

Dignitaries from the government of Nuevo León witnessed the opening ceremony. (Forvia) By the end of 2023, the business hopes to have doubled its manufacturing capacity. Volvo and Stellantis are among Forvia’s customers.

“This new facility positions us to provide exceptional value to our customers while also furthering our mission to pioneer technology for mobility experiences that matter to people,” said Nik Endrud, Forvia’s executive vice president of the Americas.

The firm considers the plant’s opening under the Faurecia brand to be a “true milestone” for the company. With a 16% market share, Forvia is presently ranked as the global leader in the industry.

The opening ceremony was attended by a number of state officials, including Governor Samuel Garca and Nuevo León Economy Minister Ivan Rivas.

The new factory is yet another development in Mexico’s nearshoring boom, which has seen substantial investment in the country as a global manufacturing hub, particularly in the state of Nuevo León.

According to Rivas, the state has quickly become a hub for the automotive sector. The industry has received 125 of its most recent high-level investments.