Mexican auto parts company Nemak supplied more than 200 different engine components in 2023.
Nemak is part of a leading group of Mexican automotive parts producers, including Katcon, Sisamex, Vitro, Metalsa, Rassini and KUO.
In the third quarter of 2024, Nemak reported a 3.8% year-over-year decline in revenues, to US$1.224 billion.
Its net income for the same period was US$5.4 million, down from US$25.1 million in the third quarter of 2023.
Nemak
Mexican auto parts production grew 18.3% in 2023 over 2022, to US$105.561 billion.
Nemak has a portfolio of more than 60 customers, including some of the world’s leading automotive groups and their subsidiaries, such as Audi, BMW, Ford, GM, Hyundai-KIA, Jaguar Land Rover, Mercedes Benz, Porsche, Renault-Nissan, Stellantis, Volkswagen Group and Volvo.
Resultados financieros de la empresa
In 2023, Nemak supplied more than 200 different components for engines, transmissions, structures and chassis, as well as for electric vehicles. These components are used in approximately 520 vehicle platforms that are in production or in the development stage. In total, there are about 1,550 vehicle platforms globally.
Design and engineering
Nemak uses various casting technologies in the production of its products, such as the injection or casting of molten aluminum in molds.
It also has extensive experience in machining processes. This combination gives it a competitive advantage in the market, as it enables it to offer the most appropriate technology for the design and production of components to its customers.
In addition, Nemak collaborates with its customers in the early stages of design and engineering for product development. In this way, the company fosters strong relationships, which translates into a competitive advantage for securing new business.
Nemak is the sole supplier for most of the components it produces and has been designated as a supplier for the entire engine design life cycle, which typically lasts six to eight years.
In comparison, the life cycle for interior components is four years, and for exterior components, two years.