With an investment of 20 million dollars, the British brand Foseco, a company dedicated to the foundry sector, belonging to the Vesuvius Group, has celebrated the official opening of its plant in Ramos Arizpe, Coahuila, Mexico.
Foseco Mexico supply consumables, refractory paints, insulating and fluxing materials for the foundry industry, which in turn supplies a wide range of segments including automotive, mining, rail transport, construction, agriculture, aerospace, appliances and others.
The industrial building features an area of 10 000m² and started operations in mid-October 2019, generating about 200 direct jobs gradually.
Among the main Foseco customers who have a facility in Coahuila and the rest of the country are world-class companies like Brembo, Caterpillar, Mahle, Teksid, Tupy, Technocast, Nemak, ASF-K, among others.
The CEO explained that of Ramos Arizpe will be the second plant Foseco in Mexico, joining the San Rafael, in Monterrey, Nuevo Leon, and commented that this investment shows the great commitment that Vesuvius has with the Mexican economy.
“We are confident that we will reach our goals through our technical capabilities and our knowledge of the market, but above all, thanks to our employees,” said Patrick André, CEO of Vesuvius, during his speech.
He said that after an extensive study with internal and external experts, the competitive advantages that convinced Vesuvius to install the Foseco plant in the Southeast Region of Coahuila were factors such as strategic location, proximity to major customers, as well as the availability of highly skilled labour.
“Vesuvius, through its Foseco brand, is the leader in foundry industry, and this year we celebrate our 60th anniversary of presence in Mexico. Our mission is to continue to grow above the market expectation and Mexico is and will remain vital to our progress,” added the CEO of Vesuvius.
The company has now transferred the operations of its plant located in Guadalupe to the new facilities in Ramos Arizpe to offer better logistics management. The plant has a new coatings facility with provision to expand in the future.
Daniel Santos, Sales and Marketing Manager Mexico, commented; “To me, this represents a turning point in the history of Foseco Mexico and coincidently, we are also celebrating 60 years of the company in Mexico. We haven’t had any new investment since the plant in Mexico City was built and that no longer exists today. Therefore, to have a new plant means a lot and we feel a high responsibility to be a flagship plant worldwide because of its advanced technology.”
Foseco is the foundry division of the Vesuvius Group, which was established in Birmingham, UK and is considered a world leader in the supply of consumable products, services and solutions for the metalworking industry. Founded in 1932 by Eric Weiss and Kossy Strauss, who created Foundry Services Ltd, a company that years later would become Foseco.