The ARaymond Network unveiled a plant in San Luis Potosi, Mexico.

The facility, which covers 59,200 sq ft, is the France-based automotive fastener manufacturer’s twelfth new factory in the past two years. The initial launch involves 37 manufactured part numbers at less than 50% capacity. Production began in April of injection-molded fasteners, plastic assemblies and over-molded components for local consumption.

The San Luis Potosi plant enables the company to expand its business in Central America by producing and shipping locally.

“We don’t relocate the manufacture of our parts, we produce locally for the domestic market,” stated ARaymond president Antoine Raymond.

In 2009, ARaymond acquired the U.S. company Tinnerman Palnut Engineered Products, consolidating its U.S. presence. ARaymond now has five plants operating to produce a range of metal and plastic parts for North American markets.

Founded in 1865, ARaymond operates in 25 countries to manufacture fasteners for automotive, truck, industrial, energy and agricultural markets. Web: ARaymond.com