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GISSA to invest $51 million in Mexican iron foundry. (Industry News).

Grupo Industrial Saltillo (GISSA), Saltillo, Coahuila, Mexico, the parent firm of the iron foundry Cifunsa and aluminum foundry Castech, is planning to invest $51 million in a new cast iron foundry in Central Mexico. This location was selected due to the proximity to a large cluster of automobile production facilities.

"The new foundry will specialize in nodular (ductile) iron for making highly specialized parts, with high added value and high volume to supply the automobile and heavy machinery industries," said Ernesto Lopez de Nigris, vice president of the metal-mechanic and automobile division of GISSA.

The plant is projected to begin operation in the third quarter of 2003 and produce 60,000 tons per year.

Cifunsa is the largest independent foundry for gray iron engine blocks and heads in the world.

Castech is jointly owned by both GISSA and VAW Automotive Products, Bonn, Germany.
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Comment:GISSA to invest $51 million in Mexican iron foundry. (Industry News).(Brief Article)
Publication:Modern Casting
Article Type:Brief Article
Geographic Code:1MEX
Date:Apr 1, 2002
Words:143
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