TECT Aerospace Components — which manufactures a variety of precision forged, machined, and fabricated parts — will be opening a new machining operation in Mexico later this year at Irapuato, Guanajuato, to consolidate work that now is assigned to numerous subcontractors. It will be the first manufacturing operation outside the U.S. for TECT, a privately held company that also produces parts in nickel, steel, aluminum and titanium alloys, as well as some superalloys, for power-generating applications. The value of the investment is not known. Irapuato is a city of about 350,000 in the central part of Mexico. “TECT’s new Mexican facility will allow us to consolidate components that are spread out amongst dozens of separate subcontractors to provide more consistent service to our customers,” v.p. and general manager of TECT Aerospace Components Raymond May, announced. “This is also an ideal opportunity for TECT’s management to begin operations in a foreign country, while still having close geographical proximity to the U.S.” The company said the new plant is the first of “several international manufacturing opportunities” it is considering in line with a regional growth strategy. TECT Corp.’s two business units, TECT Aerospace and TECT Power, offer precision forging, oversize forging and hybrid forging of nickel, steel, aluminum and titanium alloys, as well as some superalloys, from two closed-die forging plants; and three-, four-, and five-axis machining at more than a dozen operations. The new plant in Mexico will focus initially on producing three- and four-axis machined and fabricated components for TECT Aerospace and TECT Power. According to TECT the Irapuato manufacturing plant will begin supplying external customers after its initial launch phase. It anticipates 50 full-time workers by January 2012.
Posted in Strategy.