INDUSTRY news


MTI, Quimmco to Form Joint Venture, Operate Blackhawk Facility in Mexico Metal Technologies Inc. (MTI), an


Auburn, Indiana-based metalcaster, and Quimmco, a Mexican industrial conglomerate, have entered into a memorandum of understanding to jointly own and operate Quimmco’s Blackhawk de México, S.A. de C.V. (Blackhawk), an iron casting facil- ity located in Santa Catarina, Nuevo Leon, Mexico, serving the North American market.


In making the announcement, MTI


Chairman and CEO Rick James said the joint venture “will take advantage of MTI and Quimmco’s strengths, through combining Blackhawk and MTI’s iron foundry technology, exper- tise and best industrial practices, as well as customer portfolio and supplier base. “We are pleased to be able to part- ner with Quimmco which is a highly respected Mexican business with a


MTI and Quimmco have entered into a memorandum of understanding to jointly own and operate Quimmco’s Blackhawk de México, shown here.


widespread range of automotive, agri- culture, heavy duty truck and industrial customers throughout the NAFTA region,” James said. “Many of MTI’s current customers have recognized the growing importance of the Mexican automotive industry in North America


and have urged MTI to establish manufacturing capabilities in Mexico.” Jesus Barrera, director general, Qui-


mmco, echoed what James said. “T e goal of Blackhawk foundry


R


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© 2016 Meehanite Metal Corporation 6 | METAL CASTING DESIGN & PURCHASING | Jan/Feb 2016


is to grow with our customers to serve the quickly expanding Mexi- can automotive industry and general economy,” Barrera said. “T e synergies of Quimmco’s experience and Metal Technologies’ wide reach into major automotive customers will help assure Blackhawk’s continued growth.” MTI has agreed to acquire 49%


of the ownership of Blackhawk. MTI and Quimmco have agreed to make additional investments to expand Blackhawk’s manufacturing capabilities and diversify its customers and markets. T e transaction is expected to close at the end of the fi rst quarter of 2016. MTI has seven manufacturing


facilities in Indiana, Michigan, Min- nesota and Tennessee. It produces gray and ductile iron castings, aluminum castings, tooling and machined parts for the automotive, truck, small gaso- line engine, appliance, air condition- ing, medical device industry and other markets. It employs approximately 1,300 people and has annual sales in excess of $450 million. Blackhawk de Mexico, S.A. de C.V. is a subsidiary of Quimmco devoted to producing gray and ductile iron cast- ings for clients in Mexico and the U.S. Quimmco, Monterrey, Mexico, is the holding entity of a conglomer- ate of companies located in Mexico, devoted to industrial and commercial activities. ■


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