Autoliv, Inc. announced its plan to build a new steering wheel manufacturing plant in Aguascalientes.

The global company in automotive security systems, announced in a statement that the facility will have a capacity of 30,000 square meters and is projected to employ up to 3,000 people.

Kevin Fox, president of Autoliv Americas, stated that they are doing this expansion in order to meet the growing demand from their customers. This new plant, together with the one they have in Matamoros, Tamaulipas, will allow them to continue providing the support that the industry needs.

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"This investment will increase capacity, but it will also help us optimize our manufacturing processes at both facilities and create exciting opportunities for our team members in Mexico," he said.

He added that the project accelerates the company's digitization and automation strategy and will include investments in cutting-edge manufacturing processes.

Construction of the new factory is scheduled to begin in June 2021 and Autoliv stated that the plant will start its production processes until January 2022. Once completed, the capabilities will include armature casting, plastic and polyurethane injection molding, leather preparation and wrapping, final assembly, testing and development.

Autoliv is the world's leading producer of steering wheels for passenger cars. It has 16 manufacturing and assembly plants and four technical centers around the world that produce more than 20 million steering wheels per year.

According to Solili, at the end of 1Q 2021 the inventory of the Aguascalientes industrial market increased just over 3,000 square meters.

Do not forget to consult the industrial report of Aguascalientes to know the key indicators and their behavior.

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