Business Services Industry
Grupo Industrial Saltillo to invest US$51 million.
Internet Securities, March, 2002
MEXICO CITY, Mar 7, 2002 (M?xico Analytica/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Grupo Industrial Saltillo (GISSA) is planning to invest US$51 million in a new iron foundry in order to raise production by 60,000 tons per year. The plant is expected to begin operating in the third quarter of 2003.The foundry will be built in central Mexico in order to be close to the main centers of automobile production. The firm already has two other plants in Saltillo, Coahuila. Ernesto L?pez de Nigris, vice president of the Metal-Mechanic and Automobile Division of Gissa, said, "the new foundry will specialize in nodular iron, for making highly specialized parts, with high added value and high volume to supply the automobile and heavy machinery industries in...
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