Released: March 17th, 2008
Meridian Technologies Inc., the automotive industry's largest supplier of magnesium die casting assemblies, is pleased to announce the opening of a new manufacturing facility to be located in Ramos Arizpe, Mexico. Tony Walsh, Executive Vice President and Chief Operating Officer stated “The opening of the Mexican manufacturing facility will allow us to more competitively service our Mexican based automotive Tier 1 and Tier 2 customers. As the Mexican automotive manufacturing base continues to grow, our Mexican plant will allow us the opportunity to expand our global sales and also enhance our ability to provide power train components to the automotive industry.”
The initial manufacturing facility will consist of three (3) 1600 ton die casting machines and seven (7) CNC machining centers. It and will employ eighty-four (84) employees and provide magnesium automotive diecastings.
Mr. Walsh stated that, "The opening of the Ramos Arizpe facility will provide a flexible and competitive manufacturing facility that will assist us to further penetrate the powertrain and chassis casting market.” It is Meridian’s intent to continue to provide and develop additional profitable business in order to secure a prosperous future for our employees, shareholders and suppliers.
Meridian Technologies is the global automotive industry's largest producer of high pressure magnesium die castings, having the largest market share in such commodity groups as instrument panels and cross car beams, transfer cases, and steering column supports. Meridian Technologies Inc. currently has seven (7) manufacturing facilities globally. Two manufacturing facilities are located in Strathroy, Ontario, with the remaining facilities located in Eaton Rapids, Michigan, USA, Verres, Italy, Sutton-in-Ashfield, United Kingdom, Shanghai, China and Chongqing , China. Meridian Technologies Inc. is headquartered in Strathroy, Ontario at the Global Technology Center. The Center also houses Meridian’s extensive design and engineering resources utilizing the latest computer-aided engineering tools for vehicle performance simulation and thus enabling the creation of robust designs that successfully provide lightweight magnesium solutions for today’s automotive market. Meridian currently has 1330 employees globally.
Media Release 101308