Nemak, S.A.B. de C.V.
TypePublic
BMV: NEMAK A
IndustryAuto Parts Manufacturing
Founded1979
Headquarters
Monterrey
,
Nuevo León
Area served
Worldwide
Key people
Armando Garza (Chairman)
Armando Tamez (CEO)
Productsengine blocks, cylinder heads, transmission components, EV battery and motor housings
RevenueIncrease US$ 4.6 billion (2014)
Increase US$ 405 million (2014)
Total assetsIncrease US$ 4.0 million (2014)
Number of employees
20,000
ParentAlfa
Websitewww.nemak.com

Nemak, S.A.B. de C.V., known as Nemak, is a global automotive parts manufacturing company headquartered in García, Nuevo León, a municipality next to the City of Monterrey, Nuevo León, México. The company manufactures a wide range of automotive parts and systems with primary focus on aluminum auto parts, mainly engine blocks, cylinder heads, and transmission components. It is a Tier 1 supplier to major OEMs and is among the 60 largest auto industry suppliers worldwide.[1]

In 2012, the company acquired Wisconsin-based J.L. French Automotive Castings for $215 million.[2][3]

Nemak reported sales of $4.3 billion for 2016[4] and has more than 36 manufacturing plants that employ more than 21,000 people in 16 countries.[5] It has more than 110 patents and conducts R&D in 5 centers. More than 90% of the sales volume was supplied to the 8 largest automotive manufacturers: Ford, General Motors, Fiat-Chrysler, Volkswagen Group, Hyundai-Kia, BMW, Renault-Nissan and Daimler-Benz.[6] Its installed capacity is mainly in North America, where the company has 10 plants in Mexico, 6 in the United States, and 1 in Canada. The remaining plants are located in Europe, in Austria, Czech Republic, Germany, Hungary, Russia, Slovakia, Spain, and Poland; in South America, in Argentina and Brazil; and in Asia, in China and India.

Nemak is a subsidiary of the Mexican industrial conglomerate Alfa, which holds 75.24% of Nemak shares, while Ford Motor Co. holds 5.45% of the shares and the remaining 19.31% are public shares offered in the BMV.[7]

In early 2015, Nemak´s parent company, Alfa, announced it may hold an initial public offering to list Nemak in the Mexican Stock Exchange as soon as June, as a strong U.S. dollar boosts the value of the division’s assets.[8]

In 2021, Nemak was awarded a contract with Tesla and expended its manufacturing facilities in Sheboygan, Wisconsin.[9][10] The company had previously turned down a request from Tesla in 2018.[11]

References

  1. ↑ Top 100 Global OEM auto parts suppliers. AutoNews
  2. ↑ "J.L. French acquired for $215 million". Milwaukee Business Journal. June 29, 2012. Retrieved 20 April 2022.
  3. ↑ "Sheboygan's J.L. French to be sold to Mexican company". Milwaukee Journal Sentinel. April 12, 2012. Retrieved 20 April 2022.
  4. ↑ Alfa 4Q14 Report
  5. ↑ Nemak 2014 Annual Report
  6. ↑ Nemak 2014 Annual Report
  7. ↑ Nemak Shareholder Structure
  8. ↑ Mexico’s Alfa Sees Nemak IPO as Soon as June on Dollar Gain. Bloomberg
  9. ↑ "Nemak lands Tesla contract, 53 new jobs created". WKTS. September 20, 2021. Retrieved 20 April 2022.
  10. ↑ "Nemak updating Gateway Drive warehouse for new contract". The Sheboygan Sun. August 10, 2021. Retrieved 20 April 2022.
  11. ↑ "Elon Musk's Lofty Tesla Goals Made This Supplier Recoil at Risk". Bloomberg. September 6, 2018. Retrieved 20 April 2022.
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