Gestamp, which designs, develops and manufactures highly engineered metal components for the automotive industry, opened a new plant in San Luis Potosí, Mexico. The $86 million facility will be equipped with state-of-the-art machinery for hot stamping and hydroforming for the manufacture of chassis parts. Hot-stamping technology is focused on producing parts that are both lighter and safer, therefore improving energy consumption. Hydroforming technology allows the forming of complex shaped steel using the force of water so they can be integrated into the vehicle’s structural components.

Gestamp opened six plants worldwide in 2018, and the company plans to start operations in four new production centers this year. In addition to Mexico, Gestamp will open production facilities in the U.S., Slovakia and Morocco.