Automaker Nissan and a Mexican industrial real estate developer
have signed an agreement to develop an industrial park at the
Japan-based automotive companys new Aguascalientes,
Mexico, manufacturing plant.
The site would be
close to the assembly plant, allowing the carmaker to link
automotive suppliers to production processes. Plans call for
the industrial park be developed within Nissans $2
billion manufacturing complex, where Phase 1 of automotive
operations are scheduled to open by year end.
involving a projected investment of $57 million, seven
suppliers will locate 1.5 million square feet of manufacturing
space across five buildings with provisions to expand further.
South Korea-based steel producer Posco Ltd. is listed among the
agreement with Vesta to build the park reflects "a need for
specialized partners that can help support the accelerated
expansion of production capacity, as demand for Mexico-made
vehicles currently surpasses supply," José Valls,
president and managing director of Nissan Mexicana SA de CV,
said in a July 10 statement.
suppliers are key to this expansion and investment story,"
Armando Avila, vice president of manufacturing for Nissan
Mexicana, said. "Through their presence at the (industrial)
park, we will collaborate shoulder-to-shoulder in closely
timed, innovative manufacturing processes."
Nissan is one of three
companies that announced major automotive production growth in
Mexico in the past two years. Collectively and barring any
additional plans, Nissan, Honda and Volkswagen expect to spend
$3.24 billion there through the end of 2014.