The automotive industry expects that nearly five million vehicles will be produced annually in Mexico by 2019, making it one of the largest markets for automobile production.

Constellium plans to invest approximately $10 million in the 5,000 m² facility, which may be expanded to 13,000 m² in the future to adapt to customers’ supply needs. The facility is expected to start production in 2018.

The San Luis Potosí plant will complement Constellium’s growing footprint in North America for the fast expanding market of automotive structures. Last year, Constellium announced it would build a new manufacturing facility for automotive structures in Bartow County, GA, which is expected to start production in 2017. Constellium doubled manufacturing capacity at its facility in Van Buren, MI, in 2015 and has enhanced advanced prototyping and development capabilities to better serve automotive customers in North America.

Constellium is a global sector leader that develops aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging. Constellium generated €5.2 billion of revenue in 2015.