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Nemak reaches production milestone in structural and electric vehicle components
Production surpasses 3 million part
Monterrey, Mexico. June 20, 2018. — Nemak, S.A.B. de C.V. ("Nemak") (BMV: NEMAK), a leading provider of innovative lightweighting solutions for the global automotive industry, announced today that it has produced more than 3 million parts in its structural and electric vehicle components (SC&EV) business, marking a key milestone in the implementation of its strategy for this segment.
"A year ago, we decided to create an organization focused exclusively on driving execution and growth in SC&EV—in addition to successfully ramping up production of these components, we are already seeing its contributions materialize in the form of cutting-edge innovations linked to vehicle lightweighting and electrification, primarily in battery, body-in-white, and chassis and suspension applications," said Armando Tamez, Nemak´s CEO.
Nemak is leveraging its broad portfolio of casting technologies as well as its expertise in secondary processes to deliver high value-added enhancements which are required for the proper functionality of SC/EV components. In battery housings, one of its fastest-growing product lines, these include providing advanced design and cast-in cooling solutions, which are critical for crash resistance and battery performance, respectively.
Based on its earned business to-date, the company expects that it will have a market share of approximately 20 percent in battery housings for plug-in hybrid vehicles in North America and Europe by 2020.
The company's SC&EV organization features a global network of engineering, product development, sales and marketing, and R&D talent to develop tailor-made solutions for its customers and oversee new product launches in the segment. Comprised of more than 100 professionals with key technical competencies and know-how—including casting design, complex machining, and joining and assembly—it is the driving force behind the company's efforts to capitalize on emerging opportunities in next-generation vehicles.
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