Sumitomo Riko

S-Riko, a subsidiary of Sumitomo Riko, expanded its production plant in El Marqués, Queretaro, Mexico, with a US$17.8 million investment, adding 200 jobs. The plant manufactures anti-vibration products and automotive interior parts.

Sumitomo Riko will expand its SRK-QRO plant in Querétaro, Mexico with an investment of $18.8 million, increasing production area from 12,000 to 22,000 square meters and capacity by 1.5 times. Mass production is scheduled to start in December 2023.

Sumitomo Riko Company Limited agreed to acquire an additional 20% stake in Donghai TIP Auto Parts (Shanghai) Co., Ltd. from Shanghai TIP Auto Parts Co., Ltd. for CNY 15.8 million, increasing its ownership to 80%.

Sumitomo Riko Group inaugurated its second plant in Querétaro, Mexico, S-Riko de Querétaro, with an investment of $20 million. The plant produces anti-vibration support parts for automotive components and creates 300 jobs.

Sumitomo Riko announced it will establish a new production base for flexographic plates in Turin, Italy, to be operated by its subsidiary Dytech-Dynamic Fluid Technologies. The investment is approximately EUR 5 million, with operations expected to start in early 2018.