ARTEAGA, Coahuila, Mexico, May 26, 2015 /PRNewswire/ -- Leading automotive interiors supplier International Automotive Components (IAC) marked the continuation of its rapid global growth with the inauguration of its new Arteaga, Mexico, manufacturing operation today.
IAC President and Chief Executive Officer James Kamsickas took part in the inauguration with a ribbon-cutting ceremony attended by employees, customers and local dignitaries. With the addition of the new 90,000-square-foot (8,361-square-meter) Arteaga operation, the company now has eight manufacturing sites in Mexico, increasing its footprint to 81 manufacturing locations in 19 countries. IAC is also supported by a ninth country location, a customer technical and engineering center located in Toluca, Mexico.
The new IAC Arteaga plant, which currently employs approximately 320 people, will serve as a dedicated center of expertise for compression bonded cut, sew and wrapped highly crafted automotive interior components, including instrument panels, door panels, floor consoles, armrests and bolsters. As one of the industry's leading materials engineering experts, IAC produces a wide range of premium cut-and-sew products, including leather, simulated leather and cloth solutions featuring an array of custom stitch patterns.
"Our new Arteaga operation joins 17 other IAC cut-and-sew locations on four continents, all of which are in place to support the industry shift toward more highly crafted interiors," said Kamsickas. "The shift has been driven by OEM demand for brand differentiation and consumer demand for luxurious appearance and improved haptic response in their vehicle interiors."
Including the new Arteaga plant and three other recent company plant expansions in Mexico, IAC is in position to support the automotive industry's continued growth in the country. According to a 2015 IHS forecast, approximately 25 percent of the world's additional new vehicle production is expected to take place in Mexico over the next five years, equating to approximately 5 million vehicles per year above current production by 2021.
IAC, the largest singularly focused supplier of automotive interiors in the world, is built on the core principles of exceptional design, engineering, and manufacturing driven by a culture of relentless continuous improvement. With the new Arteaga operation, IAC has inaugurated 10 facilities in seven countries in the past 20 months, increasing its total number of locations to 101.
International Automotive Components (IAC) is a leading global supplier of automotive components and systems, including interior and exterior trim. The company's 2014 sales were $5.9 billion. Headquartered in Luxembourg, IAC Group operates 81 manufacturing facilities in 19 countries. The company has 101 locations in 21 countries, including 26 design, technical and commercial centers, and employs more than 32,000 people globally. For more information, visit www.iacgroup.com.
SOURCE International Automotive Components (IAC)