11/10/2009
HEADLINES
ACQUISITION: Hilti Opens Fastener Plant in Mexico

Hilti Corporation opened a fastening products manufacturing facility in Matamoros, Mexico.

The US$13.7 million, 15,000 sq meter plant will manufacture products for the North and Latin American markets. Initially there are 50 employees, but is projected to employ 150 by 2015. The site total 65,000 sq meters, providing room for expansion.

Scott Tindle is plant manager.

The new location provides delivery cost and impact advantages, includes new technology and equipment and enables Hilti to limit negative currency influences as material procurement and production take place in the same economic area.

Hilti supplies the worldwide construction industry and reported sales of U.S.$4.6 billion in 2008. Hilti employs 20,000 people in 120 countries. ©2009 GlobalFastenerNews.com

Related Links:

• Hilti Corporation