US-based auto parts manufacturer The Timken Company has begun production of auto parts at its new plant located in San Jose Iturbide, Mexico, the company announced in a statement.
The manufacturing plant produces tapered roller bearings for the transportation and industrial machinery sectors. With the new plant, the company aims to advance its leadership in bearings production across the globe.
The San Jose Iturbide facility is the company’s only plant in Latin America and will cater to customers across the Americas and globally.
Currently, Latin America accounts for just over 5pc of the company’s sales. The company aims to increase sales by boosting production in the region.
The Ohio-based company already has offices and warehouses in Argentina, Brazil, and Mexico in the region. In 2019, Timken posted sales worth $3.8bn operating from 42 countries.