LG Innotek inaugurates first overseas automotive components plant in Mexico
The electronic components manufacturer LG Innotek has its first overseas plant for the production of auto components in Mexico. The company has started this plant in order to better serve its leading Tier-1 automotive customers and strengthen its global expansion. The inauguration ceremony of the plant opened in northwest Mexico City was graced by 150 dignitaries including the regional and local government officials and representatives of the South Korean government. The plant will manufacture core automotive components, including motors for brakes, steering systems and gearshifts. The plant will also ensure on-time delivery of these crucial supplies to key automotive customers in Mexico and the rest of North America.
The new facility in San Juan del Rio will be a core center in our global manufacturing network as we seek to provide better and more valuable support to our customers. We recognize the growing importance of Mexico as a major supplier hub in the global automotive industry,” said Mr. Lee, CEO of LG Innotek.
The company selected this particular site for the plant because of its excellent road and air transport links to customers throughout North America. Mexico accounts for 60 percent of global exports of automotive components and is the main supplier to North America. Some of the other components that will be manufactured at the plant include Anti-Lock Brake System (ABS) motors, Electric Power Steering (EPS) motors, LED lamp modules, camera modules, communication modules and parts used in connectivity and Advanced Driver Assistance Systems (ADAS).
LG Innotek has recognized automotive components as an important business growth sector. The company takes pride in its smoothly functioning production process for auto components from supply chain sourcing to quality control and distribution.