Type Public Net income US$ 405 million (2014) Founded 1979 | Area served Worldwide Headquarters García, Mexico Revenue 4.6 billion USD (2014) | |
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Industry Auto Parts Manufacturing Key people Armando Garza (Chairman)
Armando Tamez (CEO) Products engine blocks, cylinder heads, transmission components Stock price NEMAKA (BMV) MX$ 20.30 -0.16 (-0.78%)23 Mar, 2:00 PM GMT-6 - Disclaimer Parent organization Grupo Industrial Alfa S.A.B de C.V Profiles | ||
Nemak, S.A.B. de C.V., known as Nemak, is a global automotive parts manufacturing company headquartered in García, in Greater Monterrey, Mexico. The company manufactures aluminum auto parts, mainly engine blocks, cylinder heads, and transmission components. It is a Tier 1 supplier to the major OEMs and is among the 60 largest auto industry suppliers worldwide.
Nemak reported sales of $4.6 billion for 2014 and has more than 34 manufacturing plants that employ more than 20,000 people in 14 countries. It has more than 110 patents and conducts R&D in 5 centers. More than 90% of the sales volume was supplied to the 8 largest automotive manufacturers: Ford, GMC, Fiat-Chrysler, Volkswagen Group, Hyundai-Kia, BMW, Renault-Nissan and Daimler. Its installed capacity is mainly in North America, where the company has 10 plants in Mexico, 6 in the United States, and 1 in Canada. The remaining plants are located in Europe, in Austria, Czech Republic, Germany, Hungary, Russia, Slovakia, Spain, and Poland; in South America, in Argentina and Brazil; and in Asia, in China and India.
Nemak is a subsidiary of the Mexican industrial conglomerate Alfa, which holds 75.24% of Nemak shares, while Ford Motor Co. holds 5.45% of the shares and the renaming 19.31% are public shares offered in the BMV.
In early 2015, Nemak´s parent company, Alfa, announced it may hold an initial public offering to list Nemak in the Mexican Stock Exchange as soon as June, as a strong U.S. dollar boosts the value of the division’s assets.