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On February 5, the European Commission approved, under the EU Merger Regulation, the acquisition of sole control of the automotive business of Georg Fischer AG's Casting Solutions division (‘GF Casting Solutions') of Switzerland by Nemak Exterior S.L. (‘Nemak') of Spain, a wholly-owned subsidiary of Nemak S.A.B. de C
On August 4, it was reported that Nemak’s Monclova plant in Coahuila may close permanently by August 20, following months of halted production and significant workforce reductions.
The facility, which previously employed over 1,200 workers manufacturing aluminum monoblocks for the automotive industry, has been operat
On July 30, Nemak, S.A.B. de C.V. announced that it has entered into a definitive agreement to acquire the automotive business of Swiss-based GF Casting Solutions.
GF Casting Solutions automotive business will bring advanced expertise in the design and manufacturing of high-complexity structural components made from
On July 30, Georg Fischer AG (GF) signed an agreement to divest GF Casting Solutions’ automotive business to Nemak S.A.B. de C.V. Closing is expected to take place in the second half of 2025. The divestment will enable GF to focus on long-term growth and value-generating investments in Flow Solutions for Industry, In
On July 18, it was reported that aluminum auto parts manufacturer Nemak does not expect the U.S. tariff policy to increase its costs, as its products comply with the USMCA’s rules of origin and are tariff-free.
The company exceeds the 75% regional content threshold required under the trade agreement, and its customer
Norsk Hydro ASA (Hydro) has inked a letter of intent (LOI) with Nemak to develop low-carbon aluminum casting products for vehicles, such as engines and structural components.
This will be done by using more post-consumer scrap and shifting to cleaner energy sources such as natural gas and electrical boilers at Hydro’
On February 20, it was announced that Nemak is considering relocating its aluminum component production to the U.S. due to potential tariffs on the material.
Despite the rumors and plans, Nemak’s CEO Armando Tamez emphasized that such a move would only happen if it makes economic sense. “If we had to shift any volume
On January 9. Multiple sources reported that Promavtokonsalt is the new owner of the plant of Nemak, located in the Zavolzhye industrial zone in Ulyanovsk. The plant used to produce cylinder heads and engine blocks for Hyundai and Kia passenger cars in Russia. Promavtokonsalt is planning to introduce new components a
On January 2, it was announced that Nemak will have adjustment in its operations related to battery housing production for EVs.
As part of this shift, Nemak has postponed the launch of new production facilities in Mexico and Germany, originally planned to support this program. The company stated that this decision al
On February 21, Nemak, announced that in 2024 it expects to obtain revenues of at least USD 4.9 billion, and make investments of approximately USD 387.5 million.
The company's growth for 2024 is estimated to be a maximum of 4%, less than previously expected in its electromobility division due to the slowdown in sales
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