Continental Capital and Metalwork & Stamping form JV to build special steel foundry in Nuevo León

Continental Capital and Metalwork & Stamping formed a joint venture, Continental Aerospace, to build a special steel foundry, forging and precision machining plant in Nuevo León, Mexico. The investment is $2 billion over five years, and the JV also signed a $100 million contract with a German Tier 1 company.

“El plan de inversión contempla construir una planta de fundición de aceros especiales, forjados y maquinados a precisión, cuyo monto ascenderá a 2 mil millones de dólares durante los próximos 5 años.”milenio.com

• 1 source
• milenio.comConstruirán planta de fundición de aceros especiales en NL- Grupo MilenioEsther HerreraFeb 27, 2020

Summarized from public sources; check the original articles before acting on it.