# Paramount New Materials to build $200M aluminum processing plant in Coahuila, Mexico

Paramount New Materials will invest $200 million to build a new aluminum processing facility in the Alianza Industrial Park in Derramadero, Coahuila, Mexico, creating 1,225 jobs. Operations are expected to start in December 2024.

- Type: New facility
- Announced: 2023-08-17
- Where: Derramadero, Coahuila, Mexico
- Value: $200.0M
- Jobs: 1,225
- Starts operating: Dec 2024
- Status: announced
- Capacity: 100,000 tonnes per year
- Products: aluminum chassis, aluminum bumpers, aluminum automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Paramount New Materials](https://endata.com/companies/72113.md)

## Sources

- [zocalo.com.mx](https://www.zocalo.com.mx/anuncia-mars-la-llegada-de-paramount-new-materials-a-coahuila/), 2023-08-17: "Es la inversión número 51 del año; invertirá 200 millones de dólares y generará 1,225 empleos."
- [border-now.com](https://border-now.com/paramount-new-materials-to-invest-us200-million-to-set-up-plant-in-coahuila/), 2023-08-22: "We are a company dedicated to casting, aluminum extrusion, mainly for the automotive and solar photovoltaic industries."
- [mexico-now.com](https://mexico-now.com/paramount-new-materials-to-invest-us200-million-to-set-up-plant-in-coahuila/), 2023-08-22: "We are a company dedicated to casting, aluminum extrusion, mainly for the automotive and solar photovoltaic industries."
- [quiminet.com](https://www.quiminet.com/noticias/paramount-new-materials-invierte-200-millones-de-dolares-en-planta-de-aluminio-en-coahuila-5066553.htm), 2023-09-08: "Paramount New Materials ha anunciado una inversión de 200 millones de dólares destinada a la construcción de su nueva planta en el Parque Industrial Alianza."
- [stratego-st.com](https://www.stratego-st.com/mexico-manufacturing/coahuila-es-protagonista-de-una-inversion-de-200-mdd-paramount-new-materials/), 2023-09-12: "Se pretende iniciar operaciones en su primera fase en diciembre del 2024, con dos plantas; una de fundición y una de extrusión."

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