LEONI
Foundation stone laid for plant extension in Mexico / More cables for electric vehicles
Despite its difficulties – see Plasteurope.com of 15.08.2019 – automotive parts supplier Leoni (Nuremberg / Germany; www.leoni.com) is to invest in the expansion of its cable production facility in Cuauhtémoc / Mexico. The intention is, from 2020, to also manufacture electric vehicle (EV) charging cables and high-voltage cables there for the internal wiring of EVs.

On 14 August 2019, the foundation stone was laid for the 7,000 m² extension, which is expected to cost EUR 22m. This will increase the plant’s production area to nearly 30,000 m². The company plans to create 100 new jobs, raising the workforce to 890.

Leoni says the reason for the extension are US car manufacturers’ plans to increase production of electric vehicles. It expects electric cars to have a market share in North America of more than 15% by 2025.

The site in Cuauhtémoc is part of the Wire & Cable Solutions (WCS) division, which, according to the latest information, will next year either be sold or floated on the stock market as an individual company.
19.08.2019 Plasteurope.com [243193-0]
Published on 19.08.2019
Leoni: Werkserweiterung in MexikoGerman version of this article...

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 14.12.2019 20:29:33   (Ref: 644670220)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp