NEWS & EVENTS | MAT Foundry Group Ltd. Announces Major Expansion of Production Facilities in MEXICO

MAT Foundry Group Ltd. Announces Major Expansion of Production Facilities in MEXICO

June 13, 2016 - Long Grove, IL: MAT Foundry Group Ltd., a leading global manufacturer of automotive braking components, announces a major expansion of its production facilities at their Mexican facility located in Ecatepec, Mexico.

The facility, known as Mincer HD, will be expanded in 2 stages - the initial phase will enable production of both ductile and grey iron automotive components for global customers in Mexico and the United States with an initial capacity of 30,000 metric tons per year. This expansion will include DISAmatic molding technology, induction melting, automated pouring and casting finishing processes. In addition to these automotive components, Mincer HD will continue to supply current customers with quality components in the heavy truck, trailer, and commercial vehicle markets in North, Central, and South America.

The award was presented by Dr. Elmar Degenhart, CEO of Continental AG, and accepted on behalf of Eurac by Thomas Krosnar, President of MAT Foundry Group and Peter Ebeling, General Manager of Eurac Lemgo. Continental AG credited Eurac's success to "Good service mentality, customer orientation, state of the art technology, long and reliable partnership, flexibility, good BCC strategy and being fast in developing new technologies".

Project completion and initial production are scheduled for mid-2017. Phase 2 will double output capacity."

Thomas Krosnar, president of MAT Foundry Group, states "With this expansion of capacity and enhanced capabilities at the Mexican facility, MAT Foundry Group will become a true global partner to all OEM and tier one customers."

The advanced planning and engineering for this project was supplied with the assistance of Foundry Solutions & Design, North America's largest professional foundry engineering firm, located in Alpharetta, Georgia.

About MAT Foundry Group Ltd
MAT Foundry Group (MFG), a member of MAT Holdings Inc., is a leading global manufacturer of cast automotive braking components and maintains foundries in 7 countries worldwide with 1,750 dedicated employees working to supply products to 30 OEM and 10 Tier 1 customers. MFG produces over 350,000 tons of iron (grey and ductile) and has annual revenue of over $400M. Having a long history in the OE European braking market, the group has leveraged years of expertise, technology, and 15 state of the art manufacturing facilities worldwide, 7 sales offices and 3 European technology centres to produce the highest quality components in all its products lines. MAT Foundry Group companies include MAT Foundries Europe, MAT Machining Europe, PTR, Eurac, MAT Dalian Auto Parts, Dania, Mincer HD and Schmidt Automotive.

About MAT Holdings Inc.
MAT Holdings, Inc. is a privately held company, founded in 1984, that has quickly grown as a respected global manufacturer, distributor and marketer of products in the automotive, fencing, hardware, and power equipment sectors, with approximately $1.4B in annual revenue. Headquartered in Long Grove, Illinois it has operations on three continents, including 2.1 million square feet of U.S. distribution and manufacturing space, and provides its customers with a full range of services including U.S. and overseas engineering, quality assurance, logistical and distribution support, strategic warehousing, sourcing, product development and marketing. For more information regarding MAT Holdings, Inc. and its family of companies click here.

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