Japan's NSK plans to build Mexico plant
TOKYO -- Japanese parts maker NSK Ltd. plans to build a $70 million bearing factory in Mexico, joining the parade of Japanese suppliers setting up shop there.
The factory, to be located in the state of Guanajuato, will open in the spring of 2014, the company said.
Mazda, Honda, Nissan and Toyota are expanding production at existing plants or building factories in Mexico. Japanese suppliers such as NSK are following their customers.
Between August 2011 and March 2012, 22 Japanese suppliers announced new factories or expansions in the country, according to Mexico's Secretary of Economy. More are expected.
Mexican light-vehicle production rose 12 percent in 2012 to a record 2.9 million units, Mexico's automobile industry association says. Japanese brands accounted for about 28 percent of Mexico's auto output.
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