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Beaver Manufacturing Co. Inc. Plans New Mexican Plant

by wireworld on 01/08/2018 - 10:17 am

Tag: Projects

Beaver Manufacturing Co. Inc., a supplier of technical fiber reinforcements for hoses in North America, plans to open a new plant in Mexico, but said it won't impact operations at its headquarters facility in Mansfield.

The new facility will be located in Tepeji, about 45 miles northwest of Mexico City, according to Mike Dubin, Beaver's senior vice president and chief operating officer. The site will expand the company's global presence and increase its converting capacity of meta- and para-aramid, rayon and polyester products that support automotive, oil and gas, and other industrial applications in Mexico and South America.

The aramid fibers are a class of heat-resistant and strong synthetic fibers that provide high strength-to-weight ratios with greater flexibility not available in steel wire, according to the company.

Strong growth in Mexico prompted the need for the Mexican factory, as Dubin said the share of Beaver's revenues derived from Mexico has increased substantially over the past five years. And the new plant will be in a prime location for expanding the company's aramid product market, with major growth projected in Mexico and South America for the automotive and oil and gas industries.

"Whether it is business that has been transferred from the U.S. to Mexico, or whether it's business that came from other parts of the world into Mexico, the growth rates are really high," Dubin said. "It's become a large percentage of our business, and we felt like localizing that business with all the growth we're working on was an important way to handle it. And it's much better for us to serve South America from Mexico."