ITP Aero Mexico invest 35.2 million pesos in expansion

The plant Externals from ITP Aero Mexico opened the expansion of its facilities in Queretaro, which meant an investment of 35.2 million pesos.

According to the company’s information, the increase in the activity with the new investment will grow the workforce in Mexico in 40 new positions during the period 2018-2019.  In addition, a 9 % increase in production of a pipeline is anticipated, which will represent 327,000 pipes and 230,000 end-fittings in 2020.

During the formal act, Carlos Alzola Elizondo, CEO of ITP Aero, held that “the expansion works are aligned with the growth plans settled on the Strategic Plan ITP 2020, which includes intensifying industrial investments and respond to growth forecasts from the world aeronautic industry.  In this case, in the External area, a growing business division.”

Meanwhile, the general director of ITP Aero in Mexico, Juan Carlos Corral Martin, said that for the last three years ITP Aero has grown 22 % in employment and it is the company of the state of Queretaro and from all over Mexico with less personnel turnover, therefore it has increased its production in 40 percent.

ITP Aero facilities in Mexico located at the Benito Juarez Industrial Park, have more than 800 employees working in the engineering areas, manufacture and engine testing.  Since 2016, the company has invested 200 million pesos on its Queretaro facilities.

Within the products portfolio developed in Mexico are casings, structural elements, seals, tubes and end-fittings of aeronautical engines.

The state governor, Francisco Dominguez Servien, highlighted ITP Aero qualities, which has positioned as the ninth engines and aeronautic components company worldwide, “we celebrated the expansion of the facilities in the External area, in piping manufacturing, as well as in fittings or machining manufacturing which is a business area growing inside the company as result of the sector’s growth, of aerial traffic, but also for the growing requirements, technological as well as environmental engines have, which generates Externals having increasing responsibility, technology, and differentiation.”

This expansion, he added, settles the bases for future industrial projects in favor of its customers such as Rolls Royce or General Electric which serve commercial sectors.

The executive underlined that besides the plant growth obeys to a strong demand of the products they manufacture, whose seals are quality, excellence, and environmental respect; as well as the integration of new jobs that join the more than 8,500 positions supported by the aeronautic sector in Queretaro.

AERONAUTIC SECTOR

Dominguez Servien said that the aeronautic sector in the Queretaro entity reached an increase of 7.5 % in 2018 regarding 2017 in the export of transportation equipment, which positions Queretaro as the first state, in line with Mexico City, in this kind of imports.

He detailed that transportation equipment manufacturing grew 3.3 % in 2018, compared with the previous year, while the Aero Cluster Queretaro registered growth in companies of 200 % in the last 10 years.

For these and many other factors, said the governor when quoting a report from the Financial Times Group, Queretaro is the 4th destination for aeronautic investment in the world and the tenth city worldwide regarding aerospace sector performance.

Francisco Dominguez asked workers and ITP Aero directives in Mexico to continue working together with the seven academic institutions in the entity focused on the sector and with the 12 research and design centers, aiming to achieve a sustained sectorial growth from SMEs.

PROTOCOL

The company expansion is in the piping and fittings industrial building, as well as in productive industrial space and offices.

The governor, together with the honor line, held the opening ribbon cut and together with the CEO of ITP Aero unveiled the commemorative plate.

At the event were present Marco Antonio del Prete Tercero, secretary of Sustainable Development in the State; Luis Alvarez Rubio, executive director of operations at ITP Aero; Mario Ramirez Retolaza, chief of the office of the Ministry of Labor in the State; Jesus Catalina Sanz, general director of Externals; the Executive Committee of ITP Aero Spain, as well as the ITP Committee of Aeromexico and members of Aero Cluster.

 +INFO:

ITP AERO EN MEXICO

Investment: 35.2 million pesos (expansion)

Inauguration: 2016

Workers: 800 professionals

Products: Carcasses, structural elements, seals, pipes and end-fittings of aeronautical engines.