# 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.

- Type: Investment
- Announced: 2020-02-26
- Where: Nuevo León, Mexico
- Value: $2.00B
- Status: announced
- Products: special steel castings, forgings, precision machined components
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Continental Aerospace](https://endata.com/companies/45561.md)
- [Continental Capital](https://endata.com/companies/45559.md) (partner)
- [Metalwork & Stamping](https://endata.com/companies/45560.md) (partner)

## Sources

- [milenio.com](https://www.milenio.com/negocios/continental-capital-metalwork-stamping-crean-joint-venture), 2020-02-27: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.