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BMW confirms new Mexican plant



 
 
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Old February 5th 16, 08:52 AM posted to alt.autos.bmw
MummyChunk
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Posts: 160
Default BMW confirms new Mexican plant

After over a year of speculation, BMW is finally officially announcing
that it's building a factory in Mexico.



From ESPN






BMW Group to build new plant in the NAFTA region; Mexican state of San
Luis Potosi chosen as location

Investment of roughly one billion US dollars
Capacity of around 150,000 units per year
Start of production planned for 2019
Harald Krueger: Decision underscores commitment to the NAFTA region

Munich/Mexico City– July 3, 2014... The BMW Group will build a new
plant in Mexico in close proximity to the city of San Luis Potosí in
the state of the same name. This move is in line with the company's
clear strategic policy of ensuring globally-balanced growth.

"Mexico is an ideal location for the BMW Group and will be
another important plant within our production network. We will invest
one billion US dollars in the new production site over the next few
years. Production is planned to start in 2019 and during that year,
the workforce will reach around 1,500 people," said Harald
Krueger, member of the BMW AG Board of Management, responsible for
Production.

Over the medium term, several thousand jobs will be created on the
plant site and in the surrounding area. The company will announce
which BMW models will be built at the San Luis Potosí location at a
later date.

"This decision underscores our commitment to the NAFTA region. We
have been building BMW cars at our US plant in Spartanburg for the
past 20 years. With a planned annual capacity of 150,000 units for the
new plant in Mexico, the BMW Group will be even better positioned to
take advantage of the growth potential in the entire region,"
Krueger said. "The Americas are among the most important growth
markets for the BMW Group. We are continuing our strategy of
'production follows the market'," he continued.

The company made the announcement at the "Los Pinos"
Official Residence of the President in Mexico City today. The ceremony
was attended by Mexican President Enrique Peña Nieto, Mexican
Secretary of Economy Ildefonso Guajardo Villarreal and the Governor of
San Luis Potosí, Dr. Fernando Toranzo Fernández.

Mexico as a competitive manufacturing location within the NAFTA
region
The large number of international free trade agreements – within the
NAFTA area, with the European Union and the MERCOSUR member states,
for example – was a decisive factor in the choice of location. Other
crucial advantages were the highly-qualified local workforce, a solid
network of established suppliers and the well-developed
infrastructure. The BMW Group has maintained good relations with
Mexican suppliers for many years and purchased products worth 1.6
billion US dollars locally last year.

The BMW Group has operated a local sales company in Mexico since 1994
and sold a total of 13,992 vehicles in the country in 2013. This
represents an increase of almost 18.3% over the previous year.
Motorcycle sales for the same period reached 2,064 units (+16.6%).

BMW Group investment in the NAFTA area
The BMW Group already announced a further investment of one billion US
dollars at its existing plant in Spartanburg, USA back in March of
this year. This will increase that plant's annual production capacity
to up to 450,000 vehicles by the end of 2016 and make Spartanburg the
largest plant in the BMW Group's international production network.

A further 200 million US dollars will be invested to expand the joint
venture carbon fiber plant in Moses Lake, Washington. This will triple
local production capacity over the long term, making the Moses Lake
plant the world's largest carbon fiber manufacturing facility.

The BMW Group will invest a total of 2.2 billion US dollars in the
NAFTA region in the period up to 2019.

In parallel, the BMW Group is currently building a plant in the state
of Santa Catarina in Brazil. The start of production for the Brazilian
plant is scheduled for later this year.

With plants in the US, Mexico and Brazil, the BMW Group will have
extensive production capacity at key locations in North and South
America.

Addendum:
Information on the plant is available immediately at the
www.bmwgroup-plant-sanluispotosi.com website. The website also
includes contact details and the opportunity to apply for a career
with the BMW Group through online registration.

The BMW Group
With its three brands BMW, MINI and Rolls-Royce, the BMW Group is the
world's leading premium manufacturer of automobiles and motorcycles
and also provides premium financial and mobility services. As a global
company, the BMW Group operates 28 production and assembly facilities
in 13 countries and has a global sales network in more than 140
countries.

In 2013, the BMW Group sold approximately 1.963 million cars and
115,215 motorcycles worldwide. The profit before tax for the financial
year 2013 was € 7.91 billion on revenues amounting to approximately €
76.06 billion. As of 31 December 2013, the BMW Group had a workforce
of 110,351 employees.

The success of the BMW Group has always been based on long-term
thinking and responsible action. The company has therefore established
ecological and social sustainability throughout the value chain,
comprehensive product responsibility and a clear commitment to
conserving resources as an integral part of its strategy.

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